Speaking to ANI, Sankarasubramanian said this would reduce product costs and make fertilisers more competitive as GST-related issues are affecting phosphatic fertilisers.
Despite the reform momentum, Shriram said delays in approvals remain a persistent challenge for companies. "Time is important for industry. For approvals, time is required. But quicker decisions and time-bound decision-making will help the Indian economy and industry grow faster," he told AN
Lok Sabha Speaker Om Birla on Thursday observed that reforms in direct and indirect taxes, along with the "One Nation, One Tax" GST framework, have made the nation's tax structure simpler and more transparent, contributing to India's growth and prosperity.
"Multilateral certainties are required and we are working on them as a continuous process. Once the decision is taken and when it has to come, it will certainly come forward," he said, referring to the multilateral tax certainty framework, on the sidelines of the International Tax Summit in
The proposals, covering both direct and indirect taxes, aim to consolidate India's fiscal gains, reduce litigation, and align the country's tax architecture with its ambition of becoming a developed economy under the Viksit Bharat 2047 vision, the industry chamber said in a statement after m
The PHD Chamber of Commerce and Industry (PHDCCI) has submitted its pre-Budget memorandum for the Union Budget 2026-27, urging the government to adopt a series of direct tax reforms, among others, aimed at bolstering manufacturing, innovation, and taxpayer compliance.
The Federation of Indian Chambers of Commerce and Industry (FICCI) has set out its key expectations from the Union Budget 2026-27, calling for faster tax appeals, simpler TDS rules, clarity for cross-border supply chains and targeted customs facilitation to cut delays and disputes.
Bengaluru (Karnataka) [India], October 24: The Goods and Services Tax (GST) has been a game-changer in India's taxation system since its rollout in 2017. After almost two decades of deliberation and planning, the country adopted a unified tax structure aimed at simplifying the complex web of
Mumbai (Maharashtra) [India], October 4: Due to the additional payment of GST on the premium, many travellers delay the purchase of the travel insurance since it appears to be the primary expense. They think purchasing later will be less expensive.
"More importantly, measures to simplify the GST registration mechanism, particularly for small suppliers making supplies through e-commerce operators and an easier refund mechanism, are expected to lower input costs and improve liquidity for companies, while giving a thrust to Make in India,
"Bookings, which earlier used to be around 10,000, are now at the level of 18,000 per day. In small cars also, we are seeing very good traction in terms of bookings. An interesting part is that beyond 100 cities, the response is even better. The bookings have almost doubled-100 per cent g
The Union Minister said, "On the occasion of the first day of Navratri, I got the opportunity to interact with the shop owners and traders of Amar Colony. I have congratulated them and I have delivered PM Modi's message to them. The shop owners have accepted the Next Generation GST reform