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GST on 99% goods reduced to 5% slab, reforms to boost demand: Nirmala Sith
Updated : 5 months, 3 weeks ago IST
Sweeping changes have been made to what the government termed the next-generation GST (Goods and Services Tax) rationalisation.
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Auto component industry backs GST reforms, seeks rare earth solutions
Updated : 5 months, 3 weeks ago IST
Auto component industry leaders on Friday voiced optimism over the recent GST rationalisation and the free trade agreements (FTAs) the government is working on.
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GST reforms in automobiles focused on increasing indigenous manufacturing
Updated : 5 months, 3 weeks ago IST
The Government of India has taken a significant step to boost the automobile industry through rationalisation of GST rates across various vehicle categories and components.
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No impact on pouched milk prices because of GST rationalisation as GST on
Updated : 5 months, 3 weeks ago IST
There will be no impact on packaged milk prices because of Goods and Services Tax (GST) changes from September 22nd.
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GST cuts will boost consumption by Rs 1 lakh crore in FY26, inflation to d
Updated : 5 months, 3 weeks ago IST
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.
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GST reforms were in making for 1.5 years: Nirmala Sitharaman
Updated : 5 months, 3 weeks ago IST
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.
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Cupid Limited Welcomes GST Rate Rationalization as a Big Boost to FMCG Gro
Updated : 5 months, 3 weeks ago IST
Mumbai (Maharashtra) [India], September 9: Cupid Limited (BSE - 530843, NSE - CUPID), - Cupid Limited today welcomed the landmark recommendations of the 56th GST Council meeting, which announced sweeping reductions in Goods & Services Tax (GST) rates across a wide range of essential and cons
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Two-wheelers, cars, trucks, buses, tractors, GST reforms set to benefit al
Updated : 5 months, 3 weeks ago IST
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.
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Food-processing sector a major beneficiary of GST cuts, solving classifica
Updated : 5 months, 3 weeks ago IST
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.
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Uttarakhand CM Dhami issues comprehensive directions related to disaster m
Updated : 5 months, 3 weeks ago IST
He instructed that as soon as the monsoon ends, the administrative machinery must remain in active mode for repair and reconstruction works. An adequate stock of relief materials and dry rations should be ensured during the rainy season. Proper arrangements for the accommodation, food, and o
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Israel's top court rules prisoner food rations below legal standard
Updated : 5 months, 3 weeks ago IST
Israel's highest court ruled on Sunday that the state is failing to provide Palestinian security prisoners with enough food to survive in Israeli jails. In a 2-1 decision, the High Court of Justice ordered the government to ensure meals sufficient for a "basic existence," concluding that cur
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Punjab floods: 40 villages affected in Fazilka, says Punjab minister as re
Updated : 5 months, 3 weeks ago IST
Punjab minister Tarunpreet Singh Sond said 40 villages were affected by floods, with rescue teams and 23 relief camps operating. He said rations, fodder and tents had been supplied in multiple rounds and estimated 8-10 days to drain Fazilka.
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