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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: The recent GST rate rationalisation is set to boost Bihar’s economy, rooted in agriculture, handlooms, handicrafts and food processing — easing the burden on consumers, supporting rural livelihoods, strengthening MSMEs and enhancing competitiveness in exports, an official statement said on Saturday, as reported by IA. From makhana farmers in Mithila to silk weavers…
Last Updated:September 04, 2025, 08:34 is GST rate cut on groceries, medicines, restaurant meals, hotel stays and flights could ease monthly budget pressures for Indian households From your kitchen staples to bathroom essentials, the GST Council has slashed rates on a wide range of daily use products. India’s indirect tax system is undergoing its biggest…
Budget 2025 India Expectations Live Updates: Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025 on February 1, 2025, six months after unveiling the first full budget of the Modi 3.0 regime. While taxpayers are awaiting potential reductions in tax rates and higher exemption limits in the face of high inflation and…
Budget 2025 Expectations Live Updates: With less than a week to go until the Union Budget presentation, industry stakeholders, experts, and economists are closely watching for key reforms and announcements from Finance Minister Nirmala Sitharaman. The Budget comes at a time of subdued economic momentum, a weakening rupee, and ongoing geopolitical uncertainties. As a result,…
India Budget 2025 Expectations Live Updates: Industry stakeholders eagerly await Finance Minister Nirmala Sitharaman’s upcoming Union Budget, with one key question on everyone’s mind: Will the Budget stimulate consumption, boost GDP growth, and provide tax relief to the common man and salaried individuals? Each year, the middle class looks to the Finance Minister for tax…
Jaisalmer: From reducing the GST rate on fortified rice kernel (FRK) to fully exempt GST on gene therapy, the 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, on Saturday made some key recommendations to provide relief to individuals and businesses. The Council recommended exemption of GST on contributions by general insurance companies…
Last Updated:December 03, 2024, 10:38 PM IST The CBIC on Tuesday said the GoM on GST rate rationalisation is yet to submit its recommendations to the GST Council, which is the final decision making body in fixation of tax rates. It said the GST Council is empowered to recommend GST rates including changes to them….
New Delhi: The GST Council will hold its next meeting in Rajasthan’s Jaisalmer on December 21, during which it is likely to take a decision on exempting or lowering the GST rate on health and life insurance. The council, chaired by Union Finance Minister Nirmala Sitharaman, may also take up the issue of rationalising GST…