22 h. ago GST Reforms To Lower Tax Burden On Coal, Cut Power Generation Cost, Says Government

Officials said the reforms also help curb imports by removing the pricing advantage enjoyed by higher-calorific imported coal.

Politics

61 h. ago Here's How Much Honda Activa, TVS Jupiter And Suzuki Access Will Cost After GST Rate Cut

Following the GST Council's decision to introduce reforms in tax slabs, two-wheelers with engine capacity below 350cc will now be taxed at 18%.

Politics

3 d. ago 'Cuts Will Boost Consumption': Tax Board Chief On GST 2.0's Revenue Impact

Higher consumption driven by GST rate cuts may contribute to offsetting the government's revenue loss, provided the industry passes on the benefit to consumers, the Central Board of Indirect Taxes and...

Politics

8 d. 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

8 d. 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

8 d. 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

8 d. ago "Historic Decision": Amit Shah, Rajnath Singh Laud PM Modi For GST Reforms

Union Home Minister Amit Shah lauded Prime Minister Narendra Modi for the GST reforms and called it a "historic decision" to cut tax rates.

Politics

8 d. ago Big Relief For Farmers As GST Slashed To 5% For Key Agricultural Tools

Tax rate for key farming equipment such as drip irrigation system and sprinklers and their nozzles have been bumped down to 5%.

Politics

8 d. ago Relief For Essentials, Heavier Tax On Luxury As GST Council Approves Two

The changes will take effect from Sept. 22, with phased implementation for certain items.

Politics

8 d. ago Sin Tax For Cigarettes, Rate Reduction For Bidis, Here's Why

The heart of that answer lies with the rural economy.

Politics

8 d. ago No GST On Individual Life, Health Insurance, 33 Lifesaving Drugs

The changes will take effect from Sept. 22, with phased implementation for certain items.

Events

8 d. ago GST Rates For Auto: EVs To Face 5% Tax, Hybrid Cars 18%, Luxury Bikes 40%

Motorcycles below 350 cc engine will be taxed at 18% under the revised GST framework.

Transport

8 d. ago From Toothbrushes To Kitchenware, Daily Essentials To Get Cheaper With 5% Rate

Items in the 12% bracket including dairy items, pre-packaged snacks, utensils, baby essentials and sewing machines and their parts will also see rates reduced to 5%.

Events

2 w. ago GST Reforms: Rollout Of New Tax Rates Likely Around September 22

GST Reforms: The Goods and Services tax Council, headed by finance minister Nirmala Sitharaman, will rollout the new GST tax slabs by around Sept 22 to boost India's festive demand, government...

Politics

2 w. ago How Previous Economic Policies Under UPA, NDA Impacted GDP Growth

Quarterly GDP growth averaged 8% during the UPA era and 6.2% under Modi.

Economics

3 w. ago GoM Weighs GST Exemption On Life And Health Insurance Premiums

The GoMs on rate rationalisation, insurance taxation and compensation cess will over two days deliberate on the Centre's 'next-gen' GST reforms, under which tax will be levied at 5% and 18% rates.

Politics

3 w. ago GST Reforms To Boost Consumption, Unlikely To Be A Drag On Govt Revenue: S&P

Along with the GST reforms, private capex prospects, too, appear strong, says the ratings agency.

Politics

3 w. ago India's complex GST tax and how Modi's reform will make goods cheaper

India's complex GST tax and how Modi's reform will make goods cheaper  Reuters

Politics

3 w. ago Opinion: GST Reforms 2025: What A Tax Cut On Vehicles Means For India's Auto Industry

The Indian automotive industry could soon witness a GST cut on cars, and here's what the cut holds for the buyers and manufacturers.

Politics

3 w. ago Explainer: India's complex GST tax and how Modi's reform will make goods cheaper

Explainer: India's complex GST tax and how Modi's reform will make goods cheaper  Reuters

Politics