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Union Finance Minister Nirmala Sitharaman with Jammu and Kashmir Chief Minister Omar Abdullah, Haryana Chief Minister Nayab Singh Saini, Karnataka Chief Minister DK Shivakumar, Delhi Chief Minister Rekha Gupta, State Finance Ministers and other dignitaries after a group photograph during the 57th Goods and Services Tax (GST) Council Meeting at Bharat Mandapam, in New Delhi…
The Centre will propose a five-pronged plan for the next set of reforms to the Goods and Services Tax (GST) system at the upcoming GST Council meeting on October 8, according to sources in the Ministry of Finance. These reforms are aimed at automating and easing a lot of the current administrative bottlenecks in the…
Read More “Centre to propose five-pronged reform plan at GST Council meeting on October 8” »
The Centre will propose a five-pronged plan for the next set of reforms to the Goods and Services Tax (GST) system at the upcoming GST Council meeting on October 8, according to sources in the Ministry of Finance. These reforms are aimed at automating and easing a lot of the current administrative bottlenecks in the…
Read More “Centre to propose five-pronged reform plan at GST Council meeting on October 8” »
Image for representational purposes only. | Photo Credit: istock/imacoconut The GST Council’s recommendation to reduce the taxation rate on renewable energy devices, relating to solar, wind and biogas, and on parts required to manufacture them, from 12% to 5% has been welcomed by the industry as a step towards spurring domestic manufacturing by easing capital expenditures….
The goods and services tax overhaul is set to deliver major price cuts for car buyers this festive season across segments as the entry-level and mid-segment cars priced up to ₹14 lakh see upto 13% reduction in GST and cess making them more attractive to a price sensitive segment, and high-end cars with engines above 1200…
Read More “Diwali cheer for car buyers after GST cut across segments” »
GST reforms to provide relief to families, ease compliance for businesses: India Inc India Inc on Thursday hailed the GST Council’s “forward-looking decisions” — moving to two rates of 5 per cent and 18 per cent from 22 September, simplifying refunds and MSME procedures, and exempting individual life and health insurance from the indirect tax…
Read More “GST Council meeting LIVE: Industry bodies hail two-rate slab and other reforms” »
Highlighting the devastating impact of the Pahalgam terror attack on the economy of Jammu and Kashmir, Chief Minister Omar Abdullah on Wednesday (September 3, 2025) sought the Centre’s support to deal with the situation. The Union Territory (UT) was facing a severe fiscal crisis as its public revenues had “collapsed” in the aftermath of…
Union Finance Minister Nirmala Sitharaman and Union Minister of State for Finance Pankaj Chaudhary, during the 56th meeting of the GST Council, in New Delhi on September 3, 2025. Several CM’s of States attend the meeting. | Photo Credit: ANI The Goods and Services Tax (GST) Council began its two-day meeting on Wednesday (September 3,…
Read More “GST Council begins key meeting to discuss Centre’s rate cut proposals” »
Benchmark equity indices Sensex and Nifty closed higher in a volatile session on Wednesday (September 3, 2025), driven by a rally in metal stocks and optimism related to the GST Council meeting. After oscillating between highs and lows, the 30-share BSE Sensex jumped 409.83 points or 0.51%, to settle at 80,567.71. During the day, the…
Read More “Stock markets bounce back amid volatility; Sensex closes higher 410 points” »
The 30-share BSE Sensex declined 153.28 points to 80,004.60 in early trade. The 50-share NSE Nifty dipped 46.4 points to 24,533.20. File | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty declined in early trade on Wednesday (September 3, 2025), tracking weak global market trends and relentless foreign fund outflows. Caution also prevailed in…
