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Searched Tag: gst reforms
Keeping items of everyday use like detergents and cosmetics out of the 5 per cent GST ambit has confounded industry players and analysts

Detergents, cosmetics to remain under a high 18 per cent GST

September 7, 2025, 07:37 PM - 3 min read

Keeping items of everyday use like detergents and cosmetics out of the 5 per cent GST ambit has confounded industry players and analysts

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Benign inflation happens when some prices rise, but the aggregate price level does not necessarily increase

CEA warns of possible shortfall in nominal GDP growth

September 7, 2025, 06:50 PM - 4 min read

The Chief Economic Adviser, V Anantha Nageswaran, expressed optimism, however, about India meeting its real GDP growth target of 6.3-6.8 per cent for the current fiscal year despite US tariffs on Indian goods

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Hyundai Motor India on Sunday said it has reduced prices of its entire model range by up to ₹2.4 lakh to pass on the GST rate cut benefit to customers

Hyundai, Tata Motors to cut prices on cars by up to ₹4.65 lakh

September 7, 2025, 05:58 PM - 2 min read

Hyundai Motor India on Sunday said it has reduced prices of its entire model range by up to ₹2.4 lakh to pass on the GST rate cut benefit to customers

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The rupee plummeted to a record low and closed at 88.27 against dollar after touching an intra-day low of 88.38 on Friday amid concerns over US tariffs

Govt keeping ‘good watch’ on falling rupee, says Finance Minister

September 7, 2025, 05:28 PM - 4 min read

The rupee plummeted to a record low and closed at 88.27 against dollar after touching an intra-day low of 88.38 on Friday amid concerns over US tariffs

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Union Agriculture Minister Shivraj Singh Chouhan.

GST overhaul to boost small and medium farmers: Minister

September 7, 2025, 02:29 PM - 3 min read

Chouhan said this change "will not only benefit the common man, but farmers, cattle breeders and milk producers will also benefit."

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As more essential items become cheaper, there is increased demand expected in the retail, micro, small and medium enterprises (MSMEs), as well as the agricultural sectors, said Ajay Kumar Srivastava, Managing Director and CEO, Indian Overseas Bank (IOB).

GST revamp will lead to better cash flow, overall growth: IOB CEO

September 7, 2025, 02:22 PM - 2 min read

Indian Overseas Bank MD and CEO, Ajay Kumar Srivastava, has said the recent restructuring of the country’s Goods and Services Tax system will make taxation more transparent and boost consumption in the rural markets

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Even though food delivery platforms had already hiked their platform fees, a further increase in GST rates on delivery charges will make ordering food costly ahead of the festive season

Higher GST to make food delivery costlier

September 7, 2025, 01:50 PM - 2 min read

Even though food delivery platforms had already hiked their platform fees, a further increase in GST rates on delivery charges will make ordering food costly ahead of the festive season

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Post the slashing of Goods and Services Tax (GST) rates on nearly 375 items by the GTS Council, any complaints against failure of any industry to pass on the benefits of price reduction to consumers will be taken by the Central Board of Indirect Taxes and Customs (CBIC), said the body’s chairman, Sanjay Kumar Agarwal

CBIC to take up complaints against non-reduction in prices

September 7, 2025, 12:27 PM - 3 min read

The GST law stipulates that trade and industry need to pass on GST cut benefits to customers, for which an anti-profiteering authority has also been set up where consumers can file complaints regarding any non-reduction in prices post GST implementation

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Union Minister of Commerce and Industry Piyush Goyal.

Piyush Goyal hits back at Opposition, defends 8 years of GST cuts

September 5, 2025, 09:23 AM - 4 min read

The Union Minister called the GST rate changes "a game-changing transformation."

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The tax rate on non-economy flight tickets, which is now at 18 per cent, will also have the Input Tax Credit (ITC). The GST on economy class tickets, however, remains unchanged at 5 per cent

Flying luxury may burn a hole in your pocket from Sept 22

September 4, 2025, 08:42 PM - 3 min read

With business and premium economy flight tickets to cost more on higher GST rates from September 22, flying ‘high’ may not be that easy after all

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Garments, including apparel and textiles which are knitted, and whose sale value does not exceed ₹2,500 per pair, have been put in the 5 per cent GST slab from a previous 12 per cent slab, but those exceeding ₹2,500 per pair will be taxed at the previous 18 per cent

Garment ind unhappy with higher GST, says will hurt middle class

September 4, 2025, 07:01 PM - 3 min read

With the GST on garments categorised on the basis of their M.S.P., garment industry bodies say the move will make a dent in middle-class affordability and weaken the country’s retail and garment sector

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The government’s decision to slash GST rates on renewable energy devices and parts from 12 per cent to 5 per cent is expected to give a big push to the Centre’s green energy goals

Push to clean energy as tax lowered on devices

September 4, 2025, 05:43 PM - 4 min read

The government’s decision to slash GST rates on renewable energy devices and parts from 12 per cent to 5 per cent is expected to give a big push to the Centre’s green energy goals

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