Search For "rate cut"
GST rate cuts could push India's FY26 fiscal deficit above target: JM Fina
Updated : 5 months, 1 week ago IST
The tax revenue foregone due to GST rate cuts will eventually push India's fiscal deficit above the government's target of 4.4 per cent of GDP in FY26, unless the gap is absorbed by slowing down capital expenditure intensity, according to a report by JM Financial.
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Entire GST rate reduction benefit will be passed on to common man: Union M
Updated : 5 months, 1 week ago IST
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.
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Industry welcomes GST rate cuts, says it will boost economy, exports and l
Updated : 5 months, 1 week ago IST
Industry associations and trade bodies across sectors have welcomed the Goods and Services Tax (GST) rate cuts announced by the government. Speaking to ANI, representatives from various sectors stated that the reforms would make the Indian industry more competitive and directly benefit consu
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Auto sector welcomes GST rate cut, urges Centre to focus on electric vehic
Updated : 5 months, 1 week ago IST
The auto industry has welcomed the GST Council's decision to rationalise tax rates, calling it a landmark reform that will boost affordability, spur demand, and accelerate India's transition to sustainable mobility.
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GST rate cuts will improve affordability and give a fillip to consumption:
Updated : 5 months, 1 week ago IST
Global investment bank Morgan Stanley notes that the rationalisation of the Goods and Services Tax (GST) structure, approved by the GST Council, is expected to significantly boost consumption in the coming months, coinciding with the onset of the festive season.
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GST rate cuts to lift India's GDP by 0.2-0.3% in FY26; stronger push forec
Updated : 5 months, 1 week ago IST
The Centre's decision to rationalise GST rates to two slabs - 5% and 18%, applicable from September 22, 2025, is expected to boost the country's GDP by 0.2-0.3% in the financial year 2025-26, according to Bank of Baroda economist Sonal Badhan.
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Cement and steel GST rate cuts to boost real estate, as it accounts for ne
Updated : 5 months, 1 week ago IST
The central government's decision to reduce the Goods and Services Tax (GST) on cement and steel has been hailed as a game-changing move by leaders from the real estate industry.
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"Appreciate Centre for realising its mistake after eight years": P Chidamb
Updated : 5 months, 1 week ago IST
Former Union Finance Minister and senior Congress leader P Chidambaram has welcomed the Centre's decision to rationalise GST rates to two slabs, stating that he appreciates the government for "realising" its mistake after eight years of its introduction on July 1, 2017.
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"WELCOME but TOO LATE": Chidambaram on GST reforms; questions Centre's mov
Updated : 5 months, 1 week ago IST
In a post on X, Chidambaram said the current GST design and rates should not have been introduced in the first place, adding that the opposition had repeatedly warned against these issues for years, but their pleas were ignored.
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Anand Mahindra calls for 'more reforms to unleash consumption, investment'
Updated : 5 months, 1 week ago IST
His remark came following the government's announcement of sweeping reductions in Goods and Services Tax (GST) rates on a wide range of essential items, automobiles, agricultural inputs, and electronic appliances.
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Next-gen GST reforms: Relief across sectors for Indians; check what all it
Updated : 5 months, 1 week ago IST
The GST Council, on Wednesday, after a threadbare discussion, approved significant rate cuts across multiple sectors, which the government has described as a Diwali gift for the nation.
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LPG distributors seek GST rate cut on pipe hoses from 18% to 5%
Updated : 5 months, 1 week ago IST
The All India LPG Distributors Federation has appealed Finance Minister Nirmala Sitharaman to reduce the Goods and Services Tax (GST) on LPG Suraksha Hoses (LPG pipes) from 18 per cent to 5 per cent.
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