Despite global headwinds ranging from tariff volatility to geopolitical tensions, NSE's Macro Review report notes that India's GDP momentum could ease over in next few quarters as higher tariffs begin to weigh on exports. At the same time, a possible rationalisation of GST rates ahead of the
A decline in the Goods and Services Tax (GST) rate has a higher multiplier effect of 1.08x compared with direct taxes, according to a report by Ambit Capital.
Indian consumers are set to receive a significant boost as the government moves towards simplifying the Goods and Services Tax (GST) structure by reducing the number of tax slabs and lowering rates on several key items.
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.
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.
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.
"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
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.
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.
"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
"I have two requests to the Prime Minister - Now in this country, the loans of any rich billionaire will not be forgiven, a law should be made for this. This is a big scandal. If loans are to be forgiven, then loans of the middle class should be forgiven. Everyone's home loan, and vehicle