Speaking at a press conference in Patna, Goyal said, "The Opposition is looking for a reason to defeat us. I strongly condemn Rahul Gandhi for abusing PM Modi's mother. I want to tell Rahul Gandhi and Tejashwi Yadav that no matter how much you speak or abuse, the people of Bihar won't be
The goods and services tax (GST) reforms will be credit positive for Indian companies as it will boost consumption and reduce risks of US tariffs, noted global rating agency Fitch in its latest report.
The United States' tariff action on Indian exports may not significantly impact the current financial year, but prolonged duties could affect investment sentiment, Chief Economic Advisor (CEA) to the Government of India, V Anantha Nageshwaran said on Wednesday.
Under the new Goods and Services Tax (GST) reforms, a uniform GST of 5% has been introduced for all drones, regardless of whether the camera is integrated or separate and irrespective of whether they are used for commercial or personal purposes, said the Union Ministry of Civil Aviation in a
Reduction and rationalisation of Goods and Services Tax slabs - reducing them to two, and exempting certain items, including premiums for health and life insurance - were 18 months in the making, Finance Minister Nirmala Sitharaman said at an NDTV summit Tuesday.
The rate reductions will make essential products more affordable for citizens while strengthening domestic manufacturing, supporting MSMEs and start-ups, and advancing the goals of Digital India and Aatmanirbhar Bharat, as per a release by the Ministry of Electronics & IT.
Jamshyd Godrej, Managing Director of Godrej & Boyce, has said that the Goods and Services Tax (GST) was long overdue and underlined the need for resilience in the face of global disruptions.
According to a release, under the leadership of Prime Minister Narendra Modi, the recently implemented Next-Gen GST reforms have been welcomed positively by Gujarat's business organisations.
The Prime Minister emphasised the theme "Garv se kaho ye swadeshi hai" and mentioned that the MPs should organise 20 to 30 trader conferences in their respective constituencies so that traders and shopkeepers can be educated and briefed about the GST reforms.
The new GST rates and slabs will have a wide-scale positive impact on the many items related to heavy industries, be it auto, transport, or auto ancillaries.
The food-processing sector has been a major beneficiary of the recently announced rationalisation of GST rates, with most products witnessing a decline to a 5 per cent GST slab.
Speaking to ANI on Sunday, Tharoor said the Congress party has been demanding changes in the Goods and Services Tax (GST) rate slabs for several years.