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New Delhi: The Goods and Services Tax (GST) reforms in automobiles and automobile parts will provide a direct impetus to demand in entry-level mobility segments where sales have been sluggish, and make compliance easier, a report has said. “The uniform 18 per cent rate on auto parts simultaneously addresses compliance complexity and reduces lifecycle maintenance…
Last Updated:September 05, 2025, 23:50 IST While explaining the intricacies of the Modi government’s GST reform, Nirmala Sitharaman also panned the opposition for chiming in along with some global voices disparaging India Finance Minister Nirmala Sitharaman speaks with Network18 Group Editor-in-Chief Rahul Joshi in an exclusive interview. Image/News18 After executing the monumental task of GST rationalisation…
Ahead of the festive season, the Centre’s latest decision on Goods and Services Tax (GST) is set to bring relief to consumers planning big-ticket purchases. With the GST Council abolishing the 12% and 28% slabs and retaining only 5% and 18%, prices of several consumer durables including air conditioners, televisions, refrigerators, washing machines, cars and…
New Delhi: In what comes as a relief to e-commerce exporters, the GST Council has approved DGFT’s proposal to eliminate the value threshold for GST refunds on low-value consignments. The relevant section of the CGST Act, 2017 will be amended to allow refunds for exports made with payment of tax, regardless of value. This long-awaited…
Last Updated:September 04, 2025, 21:52 is The middle-class complaint has been that while it dutifully pays its taxes and votes in a large measure for the BJP, it does not get its due from the government The same sentiment was reflected when the corporate sector got a big tax relief in the second term of…
New Delhi: GST Council Meeting Outcome: The 56th meeting of the GST Council has announced the much anticipated big-bang reforms in GST tax structure. The GST Council has accepted Group of Minister’s (GoM) proposal to retain two slabs — 5 percent and 18 percent. Chena or paneer, pre-packaged and labelled which was earlier taxed at…
New Delhi: Union Minister of Consumer Affairs, Food and Public Distribution Pralhad Joshi on Thursday launched the retail sale of onions at Rs 24 per kg in Delhi, Mumbai and Ahmedabad through outlets and mobile vans of NCCF, NAFED and Kendriya Bhandar and also through distribution partners of NAFED and NCCF as part of the…
New Delhi: The Goods and Services Tax (GST) Council has reduced the tax on renewable energy devices and manufacturing parts from 12 per cent to 5 per cent, effective from September 22 this year. The Council also raised the tax on coal and lignite from 5 per cent to 18 per cent to offset revenue…
New Delhi: The wide-ranging GST reforms are set to improve the lives of citizens and ensure ease of doing business for all, especially small traders, thus strengthening the economy. The changes in GST rates on services and goods other than cigarettes, chewing tobacco products like zarda, unmanufactured tobacco and beedi will be effective from September…
New Delhi: GST Council Meeting: The 56th meeting of the GST Council that kick off on Tuesday morning has announced the much anticipated big-bang reforms in GST tax structure. The GST Council has accepted Group of Minister’s (GoM) proposal to retain two slabs — 5 percent and 18 percent. From groceries and fertilisers to footwear,…