7 d. ago Lollapalooza effect! India's consumption spending set to soar: Policy trifecta of GST, tax, and rate cuts

Lollapalooza effect! India's consumption spending set to soar: Policy trifecta of GST, tax, and rate cuts  Times of India

Economics

1 week ago New GST Rates: Full List Of Cars That Get Cheaper After GST Tax Cut

Many car brands have already confirmed that they will pass on the full GST benefit to buyers.

Politics

1 week ago GST 2.0 Live Updates: New GST Rates Take Effect, Food, Cars, TVs Become Cheaper

GST 2.0 Rates LIVE Updates: The new Goods and Services Tax (GST) rates have taken effect today, with many items, including daily food and essentials, as well as life and health insurance policies,...

Politics

1 week ago Piyush Goyal Urges Industry To Pass On GST 2.0 Benefits To Consumers

Union Commerce and Industry Minister Piyush Goyal has urged industries to make sure they pass on complete GST rate rationalisation benefits to consumers, as India's indirect tax structure is set to...

Politics

2 w. ago GST 2.0: What Are New Tax Rates For Insurance, Renting Cars, And More? Top 10 FAQs Answered

GST 2.0 is the new structure that introduces a simplified two-tiered system, with a 5% GST for essential goods, 18% slab for most other goods and services, and a 40% demerit or sin goods slab.

Politics

2 w. ago Fears Over India's Fiscal Risk 'Overblown', Says Goldman Sachs

Santanu added that cuts across income tax and GST rates will serve as a boon for the consumption sector.

Events

3 w. ago Piyush Goyal Assures Auto Dealers Of Taking Up GST Issues With Finance Ministry

The GST Council Meeting had recently declared a new tax scheme where the GST rate on petrol and petrol hybrid, liquified petroleum gas, and compressed natural gas cars will be reduced from 28% to 18%.

Economics

3 w. ago Tax On Sin Goods Won't Be Cut, Single GST Rate Seen As Future Move, Says CBIC Chairman

In the future, another reform can be carried out by eliminating the merit rate of 5% and retaining only one standard GST rate, the CBIC chief said.

Politics

3 w. ago Drive Home The Savings: GST 2.0 Triggers Price Cut By Mahindra, Maruti, Nissan, Toyota And Others

The GST Council lowered the tax rate on small cars from 28% to 18%. The luxury cars will now attract a flat 40% GST rate without any additional cess.

Economics

3 w. ago We Are Becoming A Nation Of...: HDFC AMC's Navneet Munot On India's 'Multi

Munot cited recent measures like personal income tax relief, GST rate cuts and RBI's liquidity injections as steps to stimulate consumption and credit growth.

Politics

4 w. ago GST 2.0: SBI Research Sees Minimal Tax Loss, Thanks To Spending Pickup

Overall, SBI Research sees CPI inflation easing by 65–75 bps over the next fiscal.

Economics

4 w. ago No GST On Health, Life Insurance: Here's How Much You Can Save Annually

However, insurers face a challenge of being left with a GST liability on their expenses while their GST incoming has been removed.

Politics

4 w. ago Auto Sector Leaders Cautious Over Immediate Gains, Project Long

Electric vehicles will continue to attract a GST rate of 5%, while other categories have now been put under either 18% or 40%.

Politics

4 w. ago Apparel Stocks Trade Higher As GST Cuts Tax Rates To 5%: Trent, Arvind Fashion Lead Gains

The 56th GST Council, decided to raise the threshold for footwear and apparel in the 5% slab to Rs 2,500 per piece, from Rs 1,000 per piece.

Economics

4 w. ago "Big Diwali Gift": Businessman Harsh Goenka On GST Rates Revision

Industrialist Harsh Goenka has called the recent Centre's decision to slash and rationalise Goods and Services Tax (GST) rates under the NextGen GST framework a "big Diwali gift" for every Indian.

Politics