Search For "rationalization"
"People know tax was increased eight years ago and now they have slightly
Updated : 5 months, 1 week ago IST
Congress leader Pramod Tiwari on Tuesday targeted the government over its campaign concerning GST reforms and said people know that they had to bear "increased GST" for eight years, and it has been partially reduced on some products now.
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GST on renewable energy devices rationalised to 5% to accelerate India's c
Updated : 5 months, 1 week ago IST
The rationalization of GST rates across the renewable energy value chain from 12 per cent to 5 per cent will bring down the cost of clean energy projects, making electricity more affordable and directly benefiting households, farmers, industries, and developers.
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Chairman, MATEXIL Welcomes Rectification of Inverted Duty Structure for MM
Updated : 5 months, 1 week ago IST
Mumbai (Maharashtra) [India], September 16: The GST Council, at its 56th Meeting held on 3rd September 2025, approved the rationalization of GST rates by moving to a two-slab structure of 5% and 18%, abolishing the existing 12% and 28% rates. These revised rates will come into effect from 22
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Cupid Limited Welcomes GST Rate Rationalization as a Big Boost to FMCG Gro
Updated : 5 months, 1 week ago IST
Mumbai (Maharashtra) [India], September 9: Cupid Limited (BSE - 530843, NSE - CUPID), - Cupid Limited today welcomed the landmark recommendations of the 56th GST Council meeting, which announced sweeping reductions in Goods & Services Tax (GST) rates across a wide range of essential and cons
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"Bad decision being corrected, not being apologised for": Aaditya Thackera
Updated : 5 months, 1 week ago IST
Shiv Sena (UBT) leader Aaditya Thackeray on Friday slammed the Modi government, saying that GST rationalisation was a "bad decision being corrected" and instead of being apologetic, it is "arrogantly being marketed as a gift".
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GST 2.0 to boost FMCG consumption, larger packs items to get benefit from
Updated : 5 months, 1 week ago IST
The latest Goods and Services Tax (GST) rate rationalization is expected to give a strong boost to the fast-moving consumer goods (FMCG) sector, according to a report by Nuvama.
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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).
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With GST 2.0, Govt's focus shift from capex oriented spending to consumpti
Updated : 5 months, 1 week ago IST
The government's announcement of GST rationalization under GST 2.0 has set the stage for a major shift in the country's economic strategy.
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Potential GST cut should provide a boost to domestic auto demand: Jefferie
Updated : 5 months, 1 week 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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Rate rationalization on insurance part of agenda for next GST Council meet
Updated : 1 year, 2 months ago IST
The proposed rationalisation of GST rates on health and life insurance products will be on the agenda for the upcoming Council meeting on Saturday in Jaisalmer, sources said.
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CBDT issues Revised Guidelines for compounding offences under IT Act
Updated : 1 year, 4 months ago IST
In conformity with the Finance Minister's budget announcement on simplification and rationalization of compounding procedure, The Central Board of Direct Taxes (CBTD) issued Revised Guidelines for Compounding of offences under the Income-tax Act, 1961 on Thursday.
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Majority of developers seek tax rationalisation and low interest rates fro
Updated : 1 year, 8 months ago IST
A survey conducted by real estate association CREDAI and investment management company Colliers found that the majority of the real estate developers expect tax rationalization, sops for affordable housing, and single window clearance from Union Budget 2024, slated to be tabled sometime l
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