Tag: Goods and Services Tax (GST)

GST reforms to boost affordability and consumption across sectors: Report

 report further added that consumer durables and automobiles will see increased demand due to lower GST rates on white goods and small vehicles.

August 19, 2025

Small Cars Could Get 8% Cheaper if GST Cut to 18%, Says HSBC Report

At present, passenger vehicles attract GST between 29 per cent and 50 per cent, as access is levied in addition to the standard 28 per cent tax depending on a vehicle’s size and length.

August 19, 2025

GST rationalisation to boost consumer sentiment and drive demand: Report

The report highlighted that the reforms will focus on rationalising GST rates for essentials and daily-use items.

August 18, 2025

Congress Seeks Discussion Paper on GST 2.0 After PM Modi Promises ‘Double Diwali Gift’

Congress General Secretary Jairam Ramesh said GST must evolve into a “Good and Simple Tax” instead of remaining a “Growth Suppressing Tax.”

August 16, 2025

Economic activity firm over good kharif prospects, strong services sector, modest industrial activity: RBI

The global macroeconomic environment remained fluid in June and July so far amid geopolitical tensions and tariff policy uncertainties.

July 23, 2025

Five states account for nearly 50% of active GST taxpayers; UP leads: SBI Report

This indicates a significant concentration of tax registration in a handful of states, highlighting the scope for improvement in others.

July 22, 2025

GST Collection Rises to ₹1.85 Lakh Crore in June, Up 6.2% YoY Despite Global Headwinds

While June’s figures marked an annual increase, they were lower than May’s ₹2.01 lakh crore and the record-high ₹2.37 lakh crore collected in April 2025.

July 1, 2025

Congress moves adjournment notice urging Centre to reconsider decision to impose 18 pc GST tax on shops rental

Citing a survey by the Confederation of All India Traders (CAIT), he said that 72 per cent of shopkeepers have reported a decline in sales due to increased costs.

December 4, 2024

After clearing GST dues, SpiceJet clears four months pending salary of employees

The airline had been grappling with financial woes and unpaid employee salaries for the past many months.

October 1, 2024

Hardeep Singh Puri calls to build consensus over bringing petrol, diesel under GST

To enhance its energy security, India needs to focus on strategic petroleum reserves and prioritise exploration and production to reduce its heavy reliance on imported fuel.

September 28, 2024