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Indian CFOs Harness AI, Sustainable Finance and Capital Optimisation to Ac
Updated : 5 months, 2 weeks ago IST
Mumbai (Maharashtra) [India], September 5: Companies are starting to plan for the long-term effects of a shifting global landscape, even as they brace for continued rate volatility and potential supply chain reconfigurations in the near term. A new DBS report titled New Realities, New Possib
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FM Nirmala Sitharaman explains motive of GST reforms, says "focus will be
Updated : 5 months, 2 weeks ago IST
Terming the GST reforms as a "big vigilance" exercise, the Union Minister mentioned that the government has a lot of work after September 22 and expressed confidence that the benefits of the GST reforms will reach the common people.
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GST on Cement Slashed to 18 percent; Marks a Win-Win for Real Estate Devel
Updated : 5 months, 2 weeks ago IST
Delhi NCR [India], September 5: The GST Council has rationalised tax rates into a simplified two-slab structure of 5% and 18%. Among the most impactful changes is the reduction of GST on cement from 28% to 18%, a move expected to significantly lower project costs and drive growth in real es
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Construction cost for real estate sector to decline by 3.5-4.5% because of
Updated : 5 months, 2 weeks ago IST
Rationalisation of tax rates on construction material is expected to cut the construction cost for the real estate sector by 3.5 to 4.5 per cent, according to a report by Crisil Intelligence. The government has announced to cut GST rates on cement, marble, granite, sand, bricks, etc substant
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GST 2.0 to boost FMCG consumption, larger packs items to get benefit from
Updated : 5 months, 2 weeks ago IST
The latest Goods and Services Tax (GST) rate rationalization is expected to give a strong boost to the fast-moving consumer goods (FMCG) sector, according to a report by Nuvama.
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GST rate rationalisation to cause Rs 10,664-crore shortfall in IGST receip
Updated : 5 months, 2 weeks ago IST
The central government is expected to face a revenue shortfall of Rs 10,664 crore in Integrated Goods and Services Tax (IGST) receipts due to the recent GST rate rationalization, according to an analysis report by the Global Trade Research Initiative (GTRI).
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"GST should either be zero-rated or have single uniform rate": Congress's
Updated : 5 months, 2 weeks ago IST
The Congress leader further added that the tax department should function in a people-friendly manner.
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Central govt's revenue loss due to GST rate reduction will be Rs 3700 cror
Updated : 5 months, 2 weeks ago IST
The revenue loss of the central government due to the recent GST rate reduction will be around Rs 3,700 crore in FY26, as higher growth and a boost in consumption have reduced the impact on revenues, according to a report by the State Bank of India (SBI).
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Piyush Goyal slams Opposition's 'better late than never' swipe at GST reva
Updated : 5 months, 2 weeks ago IST
Reacting to the Opposition's 'better late than never' swipe at the latest Goods and Services Tax revamp, Union Minister of Commerce and Industry Piyush Goyal said these remarks only demonstrate their ignorance. He said that Prime Minister Narendra Modi made the GST a success story over the
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Entire GST rate reduction benefit will be passed on to common man: Union M
Updated : 5 months, 2 weeks 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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"Revolutionary reforms": Union Minister G Kishan Reddy lauds tax reduction
Updated : 5 months, 2 weeks ago IST
According to the Ministry of Finance, coal previously attracted a 5 per cent GST, along with a Compensation Cess of Rs 400/ton, prior to the rate rationalisation.
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'Decision not just for Bihar, but for whole country': MoS Finance Pankaj C
Updated : 5 months, 2 weeks ago IST
Union Minister of State (MoS) for Finance, Pankaj Chaudhary, took a jibe at the Opposition and said that the move to rationalise GST rates to two slabs of 5 per cent and 18 per cent has not been brought for the Bihar Assembly polls.
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