"Congress has been saying from the beginning that its (GST) slabs are unjust, and Rahul Gandhi had even called it the Gabbar Singh Tax. Today, the Prime Minister has realised that with the Bihar elections approaching, fearing defeat, he felt that the GST slabs should be reduced... Our opi
"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
Industry body Confederation of Indian Industry (CII) has welcomed the upcoming reforms in Goods and Services Tax (GST) as announced by Prime Minister Narendra Modi from the Red Fort during his Independence Day address to the nation.
Addressing the nation from the ramparts of Red Fort, Prime Minister made several important announcements across sectors including nuclear energy, GST reforms, Reform Task Force, Viksit Bharat Rozgar Yojana, High-Powered Demography Mission, steps towards energy independence and urged youth
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.
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.
Shaina NC said that this will be a Diwali gift for the people of the country from PM Modi, and stated that it would be beneficial for the youth and the country.
Prime Minister Narendra Modi, on the occasion of the 79th Independence Day, announced that the government's focus is now on the next phase of GST reforms, built on three pillars: structural reforms, rate rationalisation and ease of living.
Industry body FICCI has welcomed Prime Minister Narendra Modi's address to the nation on the occasion of 79th Independence Day, which highlighted the need for all stakeholders to work together towards making India a self-reliant economic powerhouse.
Prime Minister Narendra Modi, addressing the nation from the ramparts of the Red Fort on Independence Day, announced that the government is set to bring a major reform in the Goods and Services Tax (GST), which will give significant relief to consumers and small businesses.
Chhattisgarh Finance Minister OP Choudhary on Friday presented a robust vision for Goods and Services Tax (GST) reforms, emphasising the need for strict action against bogus registrations and fake invoices.