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GST rate rationalisation to cause Rs 10,664-crore shortfall in IGST receip
Updated : 5 months, 3 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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"Periyar's rationalist light now shines across the world": Tamil Nadu CM S
Updated : 5 months, 3 weeks ago IST
Tamil Nadu Chief Minister MK. Stalin unveiled a portrait of social reformer E.V. Ramasamy Periyar, widely hailed as the "Prophet of Rationalism," at the University of Oxford. The ceremony marked the centenary of the Self-Respect Movement, founded by Periyar in 1925, and was followed by a
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Central govt's revenue loss due to GST rate reduction will be Rs 3700 cror
Updated : 5 months, 3 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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"Revolutionary reforms": Union Minister G Kishan Reddy lauds tax reduction
Updated : 5 months, 3 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, 3 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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"What Rahul Gandhi says is right, the govt takes time to accept his sugges
Updated : 5 months, 3 weeks ago IST
The 56th GST council meeting decided to rationalise GST rates to two slabs of 5 per cent and 18 per cent by merging the 12 per cent and 28 per cent rates.
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AAP's Manish Sisodia visits Punjab's flood affected areas; distributes foo
Updated : 5 months, 3 weeks ago IST
According to the AAP leader, the local elders have compared the disaster to the 1988 devastating floods in the region. The locals have said that while the water from the 1988 floods, which displaced thousands, receded within 2 days, currently it has been 12 days and the water seems to be ris
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GST rationalisation progressive step, big booster to India's economic grow
Updated : 5 months, 3 weeks ago IST
"The GST rationalisation is a progressive step towards making products and services more affordable for consumers, easing operational complexity of doing business, lowering inflation and driving consumption growth across the retail sector. This will serve as a big booster to India's econo
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"By rationalising tax evasion, new dimension has been given to economy": T
Updated : 5 months, 3 weeks ago IST
Bharatiya Janata Party (BJP) MP Tejashwi Surya on Thursday lauded the Prime Minister Narendra Modi for the Goods and Services Tax (GST) reforms, saying that these reforms are historic and by rationalising tax evasion, a new dimension has been given to the entire economy.
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GST rate rationalisation to boost consumer electronics market: Dixon Techn
Updated : 5 months, 3 weeks ago IST
Sunil Vachani, Chairman of Dixon Technologies, has hailed the recent GST reforms as "path-breaking", predicting a major boost for the consumer electronics sector.
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"Significant and substantial step": BJP leader Dilip Ghosh hails GST refor
Updated : 5 months, 3 weeks ago IST
The 56th GST council meeting decided to rationalise GST rates to two slabs of 5 per cent and 18 per cent by merging the 12 per cent and 28 per cent rates.
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Auto sector welcomes GST rate cut, urges Centre to focus on electric vehic
Updated : 5 months, 3 weeks 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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