6 h. ago India overhauls goods and services tax system to boost growth

India overhauls goods and services tax system to boost growth  Financial Times

Politics

15 h. 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

16 h. ago "Finally Wisdom Dawned": P Chidambaram To NDTV On GST Rationalisation

P Chidambaram -- Congress's former Union Minister who handled the finance portfolio -- said today that while the rationalisation of the Goods and Services Tax law is welcome, it is eight years too...

Politics

17 h. ago "Biggest Reform Of Independent India": PM Modi Applauds GST Rationalisation

The rationalisation of Goods and Services Tax is the "biggest reform since Independence," Prime Minister Narendra Modi said today

Politics

18 h. 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

18 h. ago "Congress Even Taxed Children's Toffees": PM Modi Attacks Opposition On GST

Prime Minister Narendra Modi, speaking on the rationalization of Goods and Services Tax today, attacked the Opposition Congress, pointing out that they taxed anything and everything -- daily...

Events

20 h. 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

24 h. ago Tax Cuts, Sales Boost: Everything You Need To Know About New GST Rates

Finance Minister Nirmala Sitharaman unveiled tax cuts for hundreds of consumer items, from soap to cars, in the biggest overhaul of the goods and services tax (GST), set to take effect from September...

Economics

27 h. ago Salted Or Caramel? GST Council Clears Confusion Over Popcorn Taxes

The long-running debate over how popcorn should be taxed under the Goods and Services Tax (GST) has finally been settled.

Politics

29 h. 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

36 h. 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

36 h. ago New GST Reform Will Boost Consumer Sentiment, Industry Confidence: Deloitte

The GST revamp that slashes tax rates on goods and services into a simplified two-slab structure addresses deeper structural changes, prioritising the "real drivers of the economy", says Deloitte...

Politics

37 h. 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

37 h. ago "Does Congress Want Tobacco Taxed At 5%?" N Sitharaman On 40% GST Question

Finance Minister Nirmala Sitharaman on Wednesday announced a sweeping reduction in Goods and Services Tax (GST) rates on a wide range of essential items, automobiles, agriculture inputs, and...

Politics

37 h. ago Sin Tax For Cigarettes, Rate Reduction For Bidis, Here's Why

The heart of that answer lies with the rural economy.

Politics

38 h. ago GST Implication To Be Rs 48,000 Crore, Not Right To Call It Loss: Official

The government's sweeping move to rationalise the Goods and services Tax may not lead to a loss, Revenue Secretary Arvind Shrivastava told reporters this evening as the new, simplified tax slabs were...

Politics

38 h. 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

38 h. 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

38 h. ago Toothpaste, Butter, Eraser: What Is Under 5% GST Or Is Now Exempt

The Goods and Services Tax Council, chaired by Finance Minister Nirmala Sitharaman, announced a major change that only two rates will remain from September 22 - 5 per cent and 18 per cent, eliminating...

Politics

39 h. 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