New Delhi, Sep 4 (IANS) The Goods and Services Tax (GST) Council, in its 56th meeting chaired by Union Finance Minister Nirmala Sitharaman on September 4, approved a cut from 18 per cent to five on major agricultural inputs like tractors, machinery, fertilisers, and irrigation equipment.
Mumbai, Sep 4 (IANS) The domestic equity indices ended the session slightly up on Thursday amid volatility. The Sensex surged over 900 points in opening trade, driven by optimism over GST reforms. However, it lost most of the gains due to profit booking and selling in IT stocks.
New Delhi, Sep 4 (IANS) Union Minister of Commerce and Industry Piyush Goyal on Thursday urged India Inc. to pass on to consumers the benefit of the GST rate cut that has been announced across several categories of goods in order to boost demand and spur growth in the economy.
New Delhi, Sep 4 (IANS) The government's decision to revamp the Goods and Services Tax (GST) structure with three slabs of 5 per cent, 18 per cent and 40 per cent will turn out to be a big benefit for automobile industry and customers as the prices across the segment would go down up to 8.5 per cent, a report said on Thursday.
New Delhi, Sep 4 (IANS) The sweeping changes in Goods and Services Tax (GST) rates announced by the government may have only a minor impact on public finances, with the fiscal burden on the Centre expected to be just Rs 18,000 crore, according to a report by global brokerage Bernstein on Thursday.
New Delhi, Sep 4 (IANS) The Goods and Services Tax (GST) rate cuts in the healthcare sector are a bold step and will go a long way in advancing the vision of a Swasth Bharat underpinning a Samriddh Bharat, said industry experts on Thursday, while hailing the move.
New Delhi, Sep 4 (IANS) The GST tax rate cuts can further lower inflation if companies pass on all benefits to the consumers, allowing the Reserve Bank of India (RBI) to cut repo rate once again by 25 bp in the fourth quarter this year, a report said on Thursday.
New Delhi, Sep 4 (IANS) Stressing that partnership between India and Singapore is rooted in shared values, mutual respect and deep reservoir of trust, Singapore Prime Minister Lawrence Wong on Thursday said that the partnership between two nations is more important in a world marked by great uncertainty and turbulence.
New Delhi, Sep 4 (IANS) Backed by the government's Design Linked Incentive (DLI) Scheme, domestic chip design and IPR are accelerating across critical sectors, from surveillance and energy metering to networking and motor control, the Ministry of Electronics and IT said on Thursday.
Mumbai, Sep 4 (IANS) The Hiranandani Group co-founder and Managing Director, Dr Niranjan Hiranandani, on Thursday hailed the latest overhaul of the Goods and Services Tax (GST) 2.0 as "revolutionary", calling it a "bold and transformative step" taken by the PM Narendra Modi government.
