Search For "rationalisation"
GST rate rationalisation to cause Rs 10,664-crore shortfall in IGST receip
Updated : 5 months, 1 week 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).
Read More
Central govt's revenue loss due to GST rate reduction will be Rs 3700 cror
Updated : 5 months, 1 week 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).
Read More
"Revolutionary reforms": Union Minister G Kishan Reddy lauds tax reduction
Updated : 5 months, 1 week 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.
Read More
GST rationalisation progressive step, big booster to India's economic grow
Updated : 5 months, 1 week 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
Read More
GST rate rationalisation to boost consumer electronics market: Dixon Techn
Updated : 5 months, 1 week 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.
Read More
GST rate cuts will improve affordability and give a fillip to consumption:
Updated : 5 months, 1 week ago IST
Global investment bank Morgan Stanley notes that the rationalisation of the Goods and Services Tax (GST) structure, approved by the GST Council, is expected to significantly boost consumption in the coming months, coinciding with the onset of the festive season.
Read More
"Step in the direction of ensuring an Atmanirbhar Bharat": Piyush Goyal la
Updated : 5 months, 1 week ago IST
Speaking at the IPHEX 2025 International Exhibition on Pharma and Healthcare, the Union Minister said, "Yesterday's GST reforms are a step in the direction of ensuring an Atmanirbhar Bharat, an India which is self-sufficient, self-reliant, an India whose supply chains are self-reliant, an
Read More
"Appreciate Centre for realising its mistake after eight years": P Chidamb
Updated : 5 months, 1 week ago IST
Former Union Finance Minister and senior Congress leader P Chidambaram has welcomed the Centre's decision to rationalise GST rates to two slabs, stating that he appreciates the government for "realising" its mistake after eight years of its introduction on July 1, 2017.
Read More
"WELCOME but TOO LATE": Chidambaram on GST reforms; questions Centre's mov
Updated : 5 months, 1 week ago IST
In a post on X, Chidambaram said the current GST design and rates should not have been introduced in the first place, adding that the opposition had repeatedly warned against these issues for years, but their pleas were ignored.
Read More
GST Council gives nod to rationalisation of four-tier structure into citiz
Updated : 5 months, 1 week ago IST
There is a special de-merit rate of 40 per cent for a select few goods and services.
Read More
"Will stimulate consumer demand, enhance state revenue efficiency": PHDCCI
Updated : 5 months, 1 week 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
Read More
Sitharaman announces significant simplification in GST to dual rate struct
Updated : 5 months, 1 week 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.
Read More