Search For "rational"
"Will stimulate consumer demand, enhance state revenue efficiency": PHDCCI
Updated : 7 months, 3 weeks ago IST
"The implementation of GST rate rationalisation from September 22 marks a significant milestone in India's tax reforms. By simplifying the structure, these measures will not only stimulate consumer demand but also enhance state revenue efficiency--creating a virtuous cycle of growth, stabili
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Sitharaman announces significant simplification in GST to dual rate struct
Updated : 7 months, 3 weeks ago IST
In a significant simplification in the GST regime, which will benefit the common man, Finance Minister Nirmala Sitharaman on Wednesday announced consolidation of 12% and 18% slabs into a dual rate structure of 5% and 18% besides 40% for sin goods.
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56th GST Council meeting begins at New Delhi; rate rationalisation on agen
Updated : 7 months, 3 weeks ago IST
The two-day meeting, being held on September 3 and 4, is expected to bring significant changes to India's indirect tax structure, with discussions centred around rationalising and reducing the number of GST slabs.
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GST reforms to aid consumption and sustain growth, however tariff risks cl
Updated : 7 months, 3 weeks ago IST
Despite global headwinds ranging from tariff volatility to geopolitical tensions, NSE's Macro Review report notes that India's GDP momentum could ease over in next few quarters as higher tariffs begin to weigh on exports. At the same time, a possible rationalisation of GST rates ahead of the
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Potential GST cut should provide a boost to domestic auto demand: Jefferie
Updated : 7 months, 3 weeks ago IST
The Indian automobile industry is expected to receive a major demand push as optimism builds over a potential Goods and Services Tax (GST) rate reduction, according to a recent report by Jefferies. The proposed tax rationalization, likely to be announced early next month is likely to bene
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AIDCF Calls for GST Relief to Safeguard Cable TV Industry
Updated : 9 months ago IST
New Delhi [India], August 27: The All India Digital Cable Federation (AIDCF), the apex body representing India's Digital Multi-System Operators (MSOs), has appealed to the Government of India for a reduction in the Goods and Services Tax (GST) rate on Cable TV services from the existing 18%
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GoM proposes exempting GST on health, life insurance for individuals
Updated : 9 months, 1 week ago IST
Finance Minister Nirmala Sitharaman on Wednesday addressed the Group of Ministers (GoMs) constituted by the GST Council on Compensation Cess, Health and Life Insurance (for individuals), and Rate Rationalisation at Vigyan Bhawan.
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Industry leaders call for single-window clearances, GST rationalisation to
Updated : 9 months, 1 week ago IST
Seeking to cut red tape and speed up expansion plans, top leaders from the retail and FMCG sectors on Tuesday urged the government to simplify compliance processes through a common portal, rationalise GST rates, and streamline licensing norms.
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GST 2.0 rationalisation expected to boost consumption by Rs 1.98 lakh cror
Updated : 9 months, 1 week ago IST
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.
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Nifty 50 may touch 28,000 due to GST rationalisation; a growth-accretive r
Updated : 9 months, 1 week ago IST
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.
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Jan Vishwas Bill 2025: From decriminalisation of minor offences to Ease of
Updated : 9 months, 1 week ago IST
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.
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Fiscal cost of proposed GST rate rationalisation to be manageable: Report
Updated : 9 months, 1 week ago IST
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.
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