While speaking to ANI after the reforms came into effect, the Union Minister also highlighted that the Bharatiya Janata Party (BJP) had worked to ensure public trust in the new system.
Mumbai (Maharashtra) [India], September 19: Boehringer Ingelheim India commends the recent measures announced by the GST Council aimed at reducing tax rates on medicines and life-saving drugs used for treatment of severe chronic diseases, cancer, rare diseases, medical apparatus, devices, di
Bengaluru (Karnataka) [India], September 6: GRB Dairy Foods, one of India's most trusted names in dairy and traditional food products, has welcomed the Government of India's announcement on the revised Goods and Services Tax (GST) structure. The company views this reform as a pivotal move to
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.
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
Rationalisation of tax rates on construction material is expected to cut the construction cost for the real estate sector by 3.5 to 4.5 per cent, according to a report by Crisil Intelligence. The government has announced to cut GST rates on cement, marble, granite, sand, bricks, etc substant
The final ticket prize for an IPL match, which has a base prize of Rs 1,000, will now be upto Rs 1,280-1,400, as per ESPNCricinfo. This raise puts the IPL in India's highest GST bracket, alongside casinos, race clubs, or any place featuring casinos or race clubs.
The auto industry has welcomed the GST Council's decision to rationalise tax rates, calling it a landmark reform that will boost affordability, spur demand, and accelerate India's transition to sustainable mobility.
The proposed Goods and Services Tax (GST) reforms are set to significantly impact various sectors by reducing tax rates, enhancing affordability, and boosting consumption, said a report by Systematix Research.
G Hari Babu, President of National Real Estate Development Council (NAREDCO) has urged the government to bring the Goods and Services Tax rates of building materials to the bracket of 18 per cent.
New Delhi [India], May 3: Business owners and investors choose Dubai as one of their top international investment locations. With low tax rates, excellent business conditions, and favourable geographical conditions, there is no doubt that the city is in demand. The UAE government continues t