Tag: Goods and Services Tax (GST)

Textile sector needs incentive cushion as 50% US tariffs too steep to absorb: Report

The report highlighted that such high tariff levels will lead to erosion of already low margins in the sector, which is struggling to stay competitive in global markets.

September 9, 2025

Two-wheelers, cars, trucks, buses, tractors, GST reforms set to benefit all

Rising sales of vehicles will increase orders for these components, creating a multiplier effect on MSMEs, which form a large part of this supply chain, the Ministry said.

September 8, 2025

India to Be Among World’s Top Three Economies Within 2.5 Years, Says Piyush Goyal

“Under Prime Minister Narendra Modi’s leadership, India has risen from being among the five weakest economies in 2014 to becoming one of the top five. In the next two-and-a-half years, we will be among the top three,” he said.

September 8, 2025

Shashi Tharoor Welcomes GST Reforms, Calls New Structure “Fairer and Better for All”

Meanwhile, Congress President Mallikarjun Kharge criticised the timing of the reforms, alleging that the Modi government acted under pressure from US President Donald Trump with elections approaching.

September 8, 2025

Mandaviya Promotes PM Modi’s Swadeshi Mantra, Applauds GST Cut on Bicycles at ‘Fit India: Sundays on Cycle’

Speaking at the nationwide ‘Fit India: Sundays on Cycle’ initiative in New Delhi, Mandaviya said cycling promotes both fitness and sustainability while reinforcing the government’s call for Swadeshi.

September 7, 2025

GST Rate Cuts from Navratri to Drive Growth, Ease Household Burden: Ashwini Vaishnaw

The minister explained that rationalised GST would stimulate consumption, which in turn would create a “virtuous cycle” in the economy. “Even a 10% rise in consumption could add Rs 20 lakh crore to GDP,” he said.

September 6, 2025

GST Reforms to Cut Farming Costs and Boost Output, Says Union Minister Shivraj Singh Chouhan

“Our aim is to reduce the cost of production in farming and increase production. The farmers of the country will get a big benefit from the GST reforms,” he said.

September 6, 2025

GST reforms most positive for footwear, quick restros, FMCG, grocery retailers: Report

In a report, it has painted a particularly bullish picture for footwear, QSRs, FMCG, and grocery retailers.

September 6, 2025

Indian agriculture sector rejoices in GST reforms; farmers set to benefit big as demand explodes

Dev Garg, Vice President, IREF, stated that the Goods and Services Tax (GST) has led to a surge in positive sentiment about the Indian economy.

September 6, 2025

“Step in the direction of ensuring an Atmanirbhar Bharat”: Piyush Goyal lauds GST reforms

Goyal emphasised that the collective resolve of 140 crore Indians will drive the country towards becoming a 'Viksit Bharat' by 2047.

September 4, 2025