Implemented on 1st July 2017, GST i.e. Goods and Service Tax is a multi-stage tax system that aims to comprehensively replace and consolidate all indirect taxation systems in India, like VAT (Value Added Tax) and more. The seeds of its conception were sown in 2000, by Atal Bihari Vajpayee, the then Prime Minister of India. Earlier, there used to be different tax regimes, varying state-wise. Under the current system, there are 4 categories of GST, namely Central GST, which is levied on intra-state supply of products and services, State GST, which is charged on intra-state sale of the same, Integrated GST, which is calculated on inter-state transactions and UTGST, which is levied on supply of goods and services within an UT. Under the GST system, each taxpayer is allocated a 15-digit distinctive code, namely GSTIN, which is provided based on the state you live in and your PAN card number. As per rules, any business with an annual turnover of Rs 20 lakhs or more should be registered under this system. The taxation rates are determined by the GST council in predetermined slabs, namely 5%, 12%, 18%, and 28%. Some products are also exempted from this list. More
Many merchants say they prefer a phased approach by starting with staples like flour, pulses, soap and extend cuts to the rest over weeks or months, depending on cash flows and demand
The company said in a statement that it expects second quarter revenue to grow in mid-single digits, with operating profit to grow at a similar pace
The auto component maker expects the 2025 GST overhaul to spur growth in tractors and two-wheelers, which contribute 40% of its revenue.
While strict cost caps has forced private insurers to pass GST burden to agents, PSUs like LIC, New India Assurance, Oriental and United India have decided to absorb loss
Large-screen television sets, water purifiers, dishwashers, washing machines and fashion wear — tier 2 and 3 towns are loading their shopping carts like never before
Understanding how GST rate reductions impact prices can help buyers make smarter spending decisions.
The retailer plans to increase its inventory priced below Rs 1,000, from the current 15 percent to 20 percent and experiment with more variety, CFO Anand Agarwal tells Moneycontrol
Collections have stayed above Rs 1.8 lakh crore for nine straight months
The Rs 2.7 lakh crore dividend transfer from the Reserve Bank of India has helped provide some cushion, but international agencies are expecting a slippage in this year's fiscal deficit.
According to ED, the accused issued bogus GST invoices, fraudulently generating and passing on fake Input Tax Credit valued at over Rs 734 crore.The fraud spans three states and involves 135 shell companies
CBIC is collecting pre and post-rationalisation GST data to identify instances where the benefits of the tax cut are not being passed on.
Lower prices after the GST cut, pent-up demand, and festive season sales should support growth
Major automakers like Maruti Suzuki, Hyundai, and Tata Motors reported car sales in rural areas rising between 100% and 133% compared with the pre-GST period
Expanding VAP contribution and ice-cream capacity position HFL for operating leverage-led earnings acceleration
Inflation’s low but urban consumption is tepid, investment cycle is yet to pick up and geopolitical uncertainty is a dampener. Fiscal support’s come through GST rate adjustments. Monetary policy needs to complement it
The Modi government brought in transparency in the data concerning Non-Performing Assets (NPA), said the Union minister, adding that the government infused Rs 3.10 lakh crore capital in the banking sector.
Through power-packed panels and exclusive conversations, the forum explored how GST 2.0 can transform industries, empower enterprises, unlock new opportunities, and accelerate Bharat’s rise on the global stage.
Industry believes that this festival will be one of the most promising in recent years for the consumer electronics and home appliances market, as families are definitely spending more and upgrading quicker.
Kerala’s CPI could fall 1.37 percentage points; overall impact may lower national inflation by nearly 1 percentage point
Railway PLB gets Modi govt nod after GST bonanza: Spotlight on DA hike, 8th Pay Commission update
In Moneycontrol Pro Panorama September 23 edition: Indian IT faces the blues with new H1B visa rule, GST cuts brought to fuel demand but is consumption at par, India must harness AI potential to boost trade, redesigning UPI infra important to bring new phase of digital economy, and more
Shashank Priya, special secretary and CBIC member, says focus is on consolidating GST 2.0 reforms; industry told to adjust to cess burden for now
Markets are swinging on global headlines — from US tariffs and visa curbs to policy changes at home. With GST cuts set to influence corporate earnings, Samir Arora, Founder of Helios Capital, shares how these shifts are shaping investor sentiment, how foreign flows are reacting, and which sectors he believes are worth holding — and which to avoid.
Lower taxes on essentials and aspirational products create household relief, stimulate consumption, and unlock sectoral opportunities
The economist said small changes such as changing three words in a law could ease most of the pains of businesses