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).
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).
AIMIM chief and Hyderabad MP Asaduddin Owaisi on Thursday criticised the Centre's claim that the latest reforms in Goods and Services Tax (GST) would boost consumption and said that this rhetoric and dialogue have not helped the common man in the past decade.
New Delhi [India], September 4: i.AI, India's homegrown social media platform, is setting new benchmarks in the digital economy by aligning with the Prime Minister's vision of self-reliance. Designed as more than just another social platform, i.AI is creating a comprehensive ecosystem where
Shrivastava said, "Under GST, the problem of inverted duty is being solved in the fertiliser sector, which will enable and encourage the domestic use of fertiliser."
"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
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.
Sydney [Australia], September 3: ACEN Australia's 900 MW Robbins Island Wind project has secured Federal Government approval - a major step in unlocking one of the largest private investments in Tasmania's history and positioning the state as a major player in Australia's clean energy transi
Pune (Maharashtra) [India] / New York [US] / London [UK], September 2: Synechron, a leading global digital transformation consulting firm, has crossed a remarkable milestone - $1 billion in revenue. In celebration of this key moment, the company is granting restricted stock units (RSUs) to a
Indore (Madhya Pradesh) [India], September 2: Highway Infrastructure Limited ("HIL"), a leading player in India's infrastructure sector, announced its unaudited financial results for the quarter ended June 30, 2025 (Q1 FY 2025-26). The Company reported strong growth in both revenue and profi
Guyana votes for president and parliament amid booming oil revenue and a border dispute with Venezuela. The race is mainly between President Irfaan Ali, Aubrey Norton, and billionaire Azruddin Mohamed. Results are expected by Thursday, with international observers monitoring after past vote-
The revenue growth of Indian companies slipped to a 7-quarter low of 3.4 per cent year-on-year in the first quarter of the current financial year 2025-26, according to a report by ICICI Bank.