Prime Minister Narendra Modi announced the circulation of the draft for next-generation GST reforms among states, urging their cooperation for implementation before Diwali. These reforms aim to ...

On the occasion of India’s 79th Independence Day, Prime Minister Narendra Modi gave the nation a festive promise well ahead of the festival season—a “double Diwali bonanza" in the form of GST 2.0.

Emkay Research suggests GST restructuring may raise India's fiscal deficit temporarily. The deficit could reach 4.6 percent in FY27. However, growth benefits should compensate within three years.

The tax cuts on automobiles could come as a bonanza for both the manufacturers and consumers in a subdued market. (Canva) The tax on passenger cars, except hybrid and electric vehicles, as well as ...

Presently, automobiles are taxed at 28 per cent, which is the highest GST slab. A compensation cess, ranging from 1 to 22 per cent, is levied on top of this rate, depending on the type of vehicle. A ...

The government's announcement of next-generation GST reforms marks a significant step toward simplifying India's indirect tax regime. A key proposal under consideration is the reduction of GST on ...

From noodles and biscuits to ayurvedic products and frozen foods, many household essentials are expected to get cheaper if the government rolls out the GST reform announced by Prime Minister Narendra ...

India is set to witness major reforms in the Goods and Services Tax (GST) regime this year. These "next-generation" reforms would drop by before Diwali, Prime Minister Narendra Modi promised this ...

MUMBAI: Brokerages have hailed the proposed simplification and rate rejig of the GST regime saying, coming in the midst of the export tariff uncertainties this will be a big boost to the sagging ...

The Central government is expected to announce a huge respite in the GST structure, bringing the daily-use products in 5 per cent category while slashing the tax rate of 90 per cent of the items in ...

"This marks the first major step in implementing the next-generation GST reforms announced by Prime Minister Narendra Modi in his Independence Day address," said Siddhartha Khemka, Head of Research, ...

Mumbai: The government’s intent to reform Goods and Services Tax (GST) to a two-tier structure and the proposed rate rationalization could cost the exchequer more than Rs1.2 lakh crore on annualized ...