The latest GST rate reductions aim to boost consumption, but data show India is already operating near peak demand levels
In the immediate aftermath of the GST rate cuts, here are the main questions facing the economy, business and investors
GST saw a Glorious Structural Turnaround this week and many other acronyms
India's much-anticipated GST reforms arrived early as a Diwali gift, but sector-specific nuances in the new rate structure created mixed market reactions despite the overall consumer benefits
The aim is to make renewable energy more affordable for developers as well as consumers
The overall verdict is that it is certainly positive for urban consumption, particularly in the mass consumption categories, where stress has been most visible
The GST Council has launched a revamped indirect tax system that aims to make everyday items cheaper
The churn in GST rates may lead to companies not cutting prices, leading to disappointment on the consumption front. Cutting taxes on this commodity could change the equation, however
The statement on popcorn was issued after request from Uttar Pradesh to clarify the classification and GST rate applicable on popcorn mixed with salt and spices, they added
The GoM was initially scheduled to submit its report by December 31, 2024
Indirect taxes are being bloated by inflation which is not a good thing
Among the central ministries, the Finance Ministry is fighting the highest number of cases in court. As of July 2023, the ministry was embroiled in over 1.5 lakh cases. Time and again, budgetary announcements are made to reduce the number of tax disputes pending in court.
Liquidity in the system on March 18 was estimated to be in deficit of around Rs 72,918.47 crore, as per Reserve Bank of India data.
The company has said it has to do with matters relating to industry-wide issues
Those who cried wolf over PMLA’s net extending to GST have not only misread its intention, worse they may end up diverting attention from a long due reform of the anti-money laundering law