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Indian stock market ends higher on hopes of GST rate cut, rises for 6th st
Updated : 6 months, 3 weeks ago IST
The Indian stock market on Thursday ended higher on the sixth consecutive session as investors' sentiments are optimistic due to the possible Goods and Services Tax (GST) rate cut.
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Industry leaders call for single-window clearances, GST rationalisation to
Updated : 6 months, 3 weeks ago IST
Seeking to cut red tape and speed up expansion plans, top leaders from the retail and FMCG sectors on Tuesday urged the government to simplify compliance processes through a common portal, rationalise GST rates, and streamline licensing norms.
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Govt fiscal deficit may widen by 0.2% due to GST changes, but growth gains
Updated : 6 months, 4 weeks ago IST
The government's fiscal deficit could see a short-term increase due to proposed changes in the Goods and Services Tax (GST) structure, but the growth boost is expected to outweigh the temporary slippage, according to a report by Emkay Research.
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Small cars may get cheaper by 8% if GST reduced from current rate: HSBC Re
Updated : 6 months, 4 weeks ago IST
The prices of small cars in India could see a reduction of about 8 per cent if the government decides to bring down the current Goods and Services Tax (GST) rate from 28 per cent to 18 per cent, according to a report by HSBC.
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Fiscal cost of proposed GST rate rationalisation to be manageable: Report
Updated : 6 months, 4 weeks ago IST
The fiscal cost of the government's proposed Goods and Services Tax (GST) rate rationalisation will remain manageable, according to a UBS report, which estimates the revenue loss to be about Rs. 1.1 trillion annually, or 0.3 per cent of GDP.
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GST rationalisation to boost consumer sentiment and drive demand: Report
Updated : 6 months, 4 weeks ago IST
The government's recent decision to rationalise Goods and Services Tax (GST) rates is likely to ramp up domestic demand and lift consumer sentiment, according to a report by Centrum Institutional Research.
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"Purchase of fertilisers, pesticides might get exemption": Bhupinder Singh
Updated : 7 months ago IST
"They have proposed two slabs: one 5 per cent and the other 18 per cent. Still, there are multiple slabs till 28 per cent. Eighteen per cent applies to fertilisers and pesticides. So, it might get an exemption in this decision. However, there won't be much in it. We will see when the full sc
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Food items, products of daily use by common people to attract 5% GST rate
Updated : 7 months ago IST
Most of the "common man items" are proposed to be moved to the lower GST slab rate of 5 per cent under the GST rationalisation initiative, government sources said on Friday, noting that the Centre will closely engage with states to build a broad-based consensus in the coming weeks.
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Centre proposes scrapping of 12% and 28% GST slabs, most items to move to
Updated : 7 months ago IST
In a path-breaking initiative relating to the Goods and Services Tax structure, the Central Government has proposed to scrap the current slab of 12 per cent and 28 per cent of GST rates and keep only 5 per cent and 18 per cent GST rates, government sources said on Friday.
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Lok Sabha takes up discussion on Finance Bill, opposition members slam gov
Updated : 11 months, 3 weeks ago IST
Initiating the discussion, Congress MP Shashi Tharoor said that the government's economic management faces deep-rooted structural challenges.
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Average tax under GST dips from 15.8 % to 11.3 %: Nirmala Sitharaman in Ra
Updated : 1 year, 1 month ago IST
Finance Minister Nirmala Sitharaman on Tuesday informed the Rajya Sabha that indirect tax under the Goods and Services Tax (GST) has significantly reduced over the years since its implementation.
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Defeat them in Delhi elections, GST will be half on all goods: Kejriwal ta
Updated : 1 year, 1 month ago IST
"In the last ten years, the Modi government has done nothing for the common people except benefiting its billionaire friends. As soon as you people gave them fewer seats in the Lok Sabha, they immediately gave a discount of Rs 12 lakh in the budget. Once you defeat them soundly in the Del
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