Consumption in India is expected to register a net gain of nearly Rs 1 lakh crore from September onwards, driven by the recent Goods and Services Tax (GST) rationalisation, according to a report by Bank of Baroda.
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.
Indian banks incremental credit to grow by Rs 19 trillion to 20.5 trillion, translating into a year-on-year growth of 10.4-11.3 per cent according to a report by rating agency ICRA.
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.
Bengaluru (Karnataka) [India], September 9: Dairy Day, one of India's most loved ice cream brands, has welcomed the Government of India's announcement on the revised Goods and Services Tax (GST) structure. The brand believes that this reform is one of the most significant milestones after th
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.
Mumbai (Maharashtra) [India], September 9: Krishival Foods Limited has welcomed the reduction in the GST rate for nuts, dried fruits and ice cream as confirmed at the 56th GST Council meeting. The GST on products such as Brazil nuts, almonds, pistachios, and other dried fruits has been reduc
Life insurance companies have dismissed concerns over the impact of Goods and Services Tax (GST) exemption on input tax credit, saying they have strategies in place to manage the situation.