Search For "reduction"
Hyundai vows to pass on GST benefits to car buyers from Day 1
Updated : 5 months, 2 weeks ago IST
Hyundai Motor India (HMIL) vowed on Sunday that it will pass on the complete benefit of the recent GST rate reduction on passenger vehicles to its customers right from Day 1, i.e. September 22, the date the revised GST rates come into effect.
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India Inc revenue to grow 7% this fiscal on GST restructuring, but profit
Updated : 5 months, 2 weeks ago IST
The rating agency stated that the reductions in the Goods and Services (GST) will have a positive impact on consumption, which accounts for 15 per cent of the revenue of corporates.
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Two-wheeler sales volume to grow 5-6% this fiscal after GST cut boost: Cri
Updated : 5 months, 2 weeks ago IST
The reduction in GST rates is forecast to drive a 200 basis points (bps) upshift in two-wheeler demand and a 100 bps increase for PVs, the report added.
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GST reductions to boost cooperatives, farmers, rural enterprises
Updated : 5 months, 2 weeks ago IST
The sweeping GST reforms unveiled this week will strengthen the cooperative sector, make their products competitive, increase demand for their products and increase the income of cooperatives, the Ministry of Cooperation has said.
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USIBC lauds India's GST reforms, calls it a boost for business and investm
Updated : 5 months, 2 weeks ago IST
In a statement, USIBC praised the rationalisation of GST slabs and reduction in tax rates across key sectors, including food, healthcare, life-saving drugs, renewable energy, and electronics.
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"Jump in Indian economy, provide new heights to market": Gajendra Singh Sh
Updated : 5 months, 2 weeks ago IST
According to him, the revision of GST slabs and reduction of taxes on essential products will give a significant boost to the Indian economy, propelling it to new heights in the market.
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GST cut on cement will bring brighter prospects for industry: Nuvama
Updated : 5 months, 2 weeks ago IST
The reduction in GST on cement from 28 per cent to 18 per cent is expected to be a game-changer for the sector, according to a sector report by Nuvama Institutional Equities.
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GST on Cement Slashed to 18 percent; Marks a Win-Win for Real Estate Devel
Updated : 5 months, 2 weeks ago IST
Delhi NCR [India], September 5: The GST Council has rationalised tax rates into a simplified two-slab structure of 5% and 18%. Among the most impactful changes is the reduction of GST on cement from 28% to 18%, a move expected to significantly lower project costs and drive growth in real es
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"GST should either be zero-rated or have single uniform rate": Congress's
Updated : 5 months, 2 weeks ago IST
The Congress leader further added that the tax department should function in a people-friendly manner.
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Central govt's revenue loss due to GST rate reduction will be Rs 3700 cror
Updated : 5 months, 2 weeks 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).
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Entire GST rate reduction benefit will be passed on to common man: Union M
Updated : 5 months, 2 weeks ago IST
Union Minister of Commerce and Industry Piyush Goyal has assured that the benefits of the reduction in Goods and Services Tax (GST) rates will be fully passed on to the common man, with industries across all sectors committing to implement the reforms in letter and spirit.
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"Revolutionary reforms": Union Minister G Kishan Reddy lauds tax reduction
Updated : 5 months, 2 weeks 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.
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