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New Delhi: Life Insurance Corporation CEO & Managing Director R. Doraiswamy said on Thursday that the company has passed on the full benefit of the recent Goods and Services Tax (GST) exemption to its customers. In a statement after the LIC’s Q2 results, Doraiswamy said: “We at LIC have ensured that all intended benefits of…
Last Updated:October 28, 2025, 06:30 IST The Centre will launch a new GST registration system from November 01, 2025, simplifying processes for small businesses. GST 2.0 became effective from September 22. The Centre will introduce a new GST registration system from November 01, 2025, aimed at simplifying the registration process for small businesses and public…
New Delhi: The rollout of GST 2.0 has given a strong push to India’s two-wheeler market, with vehicle registrations in October touching 1.85 million units — the highest monthly tally so far this year — according to data from Vahan. The surge reflects the combined impact of the recent GST rate rationalisation and robust festive…
New Delhi: India’s leather and allied products industry is projected to experience a 10–12 per cent revenue decline in current fiscal following the United States’ tariffs, a report said on Thursday, adding that free trade agreement (FTA) with the UK and GST cuts will provide some relief to leather exporters. The revenue drop would be…
New Delhi: Economists on Tuesday said the GST 2.0 reforms are set to create new Diwali shopping records in the country as purchasing power has considerably gone up while inflation has come down to a historic low. The reduction in GST has put more money in people’s hands and when purchasing power increases, inflation automatically…
New Delhi: Global professional services firm EY on Monday raised India’s real GDP growth projection to 6.7 per cent — up from its earlier estimate of 6.5 per cent, owing to robust GST 2.0 reforms. The upward revision reflects expectations of monetary easing and stronger domestic demand from GST rate rationalisation amid global uncertainties, according…
New Delhi: The rollout of GST 2.0 rate cuts is set to bring direct relief to Delhi households by lowering their day-to-day expenses. At the same time, the move is expected to boost the city’s economy, as MSMEs, traders, and the hospitality sector gain from reduced input costs, stronger demand, and improved competitiveness. Widespread Impact…
New Delhi: From 22 September 2025, revised GST rates on several goods and services have come into effect, based on the GST Council’s decisions. The changes aim to simplify rates, remove anomalies, and make the system easier for both businesses and consumers. The GST reform includes a historic reduction in taxes on over 390 items….
Last Updated:September 22, 2025, 20:37 is Joshi pointed out that daily essentials like dosa, filter coffee and even toothpaste are now tax-free under GST 2.0 Union Minister of Consumer Affairs, Food and Public Distribution and New and Renewable Engergy Pralhad Joshi. (PTI photo) Union Minister Pralhad Joshi on Monday called the recently announced GST 2.0…
Last Updated:September 22, 2025, 17:49 is In a letter to the nation, PM Modi on Monday also appeals to shopkeepers and traders to sell products that are Made in India. Prime Minister Narendra Modi said it is greatly heartening to see various shopkeepers and traders putting up ‘then and now’ boards which indicate taxes pre-reforms…