The report estimated that the GST 2.0 regime, while involving an average revenue loss of Rs 85,000 crore, has resulted in a substantial consumption boost of Rs 1.98 lakh crore.
The Indian stock markets could see a major boost over the coming year as the government's move to rationalize Goods and Services Tax (GST) is expected to lift growth and sentiment.
The Jan Vishwas (Amendment of Provisions) Bill, 2025, moved in the Lok Sabha on Monday, seeks to amend certain enactments for decriminalising and rationalising offences to further enhance trust-based governance for ease of living and doing business.
The fiscal cost of the government's proposed Goods and Services Tax (GST) rate rationalisation will remain manageable, according to a UBS report, which estimates the revenue loss to be about Rs. 1.1 trillion annually, or 0.3 per cent of GDP.
The Bill seeks to amend certain enactments for decriminalising and rationalising offences to further enhance trust-based governance for ease of living and doing business.
In the Independence Day speech from the ramparts of the Red Fort, Prime Minister Narendra Modi announced upcoming next-gen GST reforms before Diwali so as to benefit consumers, small industries and MSMEs.
The government's recent decision to rationalise Goods and Services Tax (GST) rates is likely to ramp up domestic demand and lift consumer sentiment, according to a report by Centrum Institutional Research.
Most of the "common man items" are proposed to be moved to the lower GST slab rate of 5 per cent under the GST rationalisation initiative, government sources said on Friday, noting that the Centre will closely engage with states to build a broad-based consensus in the coming weeks.
Prime Minister Narendra Modi, on the occasion of the 79th Independence Day, announced that the government's focus is now on the next phase of GST reforms, built on three pillars: structural reforms, rate rationalisation and ease of living.
New Delhi [India], August 11: ECHO India, a non-profit trust working for health system strengthening through capacity building, today launched an Antimicrobial Stewardship Program to address the growing threat of antimicrobial resistance (AMR) in India. The three-year pilot will be implement
According to Uttarakhand Director General of Police (DGP) Deepam Seth, many survivors were evacuated from the flood-affected Harsil and Dharali with the help of the Air Force and Uttarakhand Civil Aviation Development Authority (UCADA).