Search For "rationalisation"
56th GST Council meeting begins at New Delhi; rate rationalisation on agen
Updated : 5 months, 1 week 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 : 5 months, 1 week 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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GoM proposes exempting GST on health, life insurance for individuals
Updated : 6 months, 3 weeks 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 : 6 months, 3 weeks 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 : 6 months, 3 weeks 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 : 6 months, 3 weeks 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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Fiscal cost of proposed GST rate rationalisation to be manageable: Report
Updated : 6 months, 4 weeks 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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Upcoming GST reforms improve India's outlook for consumption, demand: Morg
Updated : 6 months, 4 weeks ago IST
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.
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GST rationalisation to boost consumer sentiment and drive demand: Report
Updated : 6 months, 4 weeks ago IST
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.
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PM Modi's GST reform push wins industry praise
Updated : 7 months ago IST
Prime Minister Modi's announcement of sweeping GST reforms has received significant praise from the industry and business community.
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Food items, products of daily use by common people to attract 5% GST rate
Updated : 7 months ago IST
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.
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Structural reforms, rate rationalisation, ease of living- three pillars fo
Updated : 7 months ago IST
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.
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