The income tax relief provided for in the 2025-26 Budget, coupled with GST rate rationalisation, is set to further push India's economy to another level, Union minister and BJP leader Ashwini Vaishnaw told reporters Saturday, addressing a presser from the party headquarters.
Rationalisation of tax rates on construction material is expected to cut the construction cost for the real estate sector by 3.5 to 4.5 per cent, according to a report by Crisil Intelligence. The government has announced to cut GST rates on cement, marble, granite, sand, bricks, etc substant
Reacting to the Opposition's 'better late than never' swipe at the latest Goods and Services Tax revamp, Union Minister of Commerce and Industry Piyush Goyal said these remarks only demonstrate their ignorance. He said that Prime Minister Narendra Modi made the GST a success story over the
Union Minister of Commerce and Industry Piyush Goyal has assured that the benefits of the reduction in Goods and Services Tax (GST) rates will be fully passed on to the common man, with industries across all sectors committing to implement the reforms in letter and spirit.
Union Minister of State (MoS) for Finance, Pankaj Chaudhary, took a jibe at the Opposition and said that the move to rationalise GST rates to two slabs of 5 per cent and 18 per cent has not been brought for the Bihar Assembly polls.
The 56th GST council meeting decided to rationalise GST rates to two slabs of 5 per cent and 18 per cent by merging the 12 per cent and 28 per cent rates.
On behalf of the people of Gujarat, Chief Minister Bhupendra Patel thanked Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for significantly reducing GST rates on essential goods and services of daily use.
Union Minister of Commerce and Industry, Piyush Goyal, on Thursday, said that the reduction in GST rates will provide a tremendous and unprecedented boost to consumption demand. While addressing the Bharat Nutraverse Expo 2025, he noted that the industry can now aspire for a much greater vol
Speaking to ANI, Swati Gupta, a housewife in Aligarh, expressed her happiness over the prime minister's decision to reduce GST during Navratri, as these new rates will be levied from September 22 this year.
Delhi Chief Minister Rekha Gupta on Thursday praised the GST council's decision to cut Goods and Services Tax (GST) rates, and said it will help all small and large businesses to operate with great stability.
The government's recent move to reduce Goods and Services Tax (GST) rates on dairy products has been welcomed by the country's leading dairy cooperatives, which said the step would encourage wider adoption of milk products and support millions of farmers.