GST

GST Council Meet May Signal Major Rejig in Tax Slabs, Cess Policy

From coffee to drones, GST rejig to boost Karnataka's economy

Karnataka is responsible for approximately 71 per cent of India's coffee production in Kodagu, Chikkamagaluru, and Hassan. Tax reforms could cut retail prices by 11–12 per cent and enhance margins for small processors and cooperatives. Tax reforms reduce prices on coffee extracts, instant coffee, UHT milk, paneer, ghee, butter, processed cashew nuts, coir products, and processed fish, with estimated retail price drops of 5–12 per cent based on the product. 1 day ago
Strong Q2 growth, GST reforms to help India's growth expand at 6.6 pc this year: IMF

Strong Q2 growth, GST reforms to help India's growth expand at 6.6 pc this year: IMF

"Economies in the Asia-Pacific region have been resilient in 2025, posting stronger-than-expected economic growth in the first half of the year amid external and domestic challenges. Nevertheless, higher US tariffs and increasing protectionism will likely reduce demand for Asian exports and eventually weigh on growth in the near-term," said the IMF. 1 day ago
Domestic equity markets

Domestic equity markets gain momentum on back of resilient Q1 GDP data: Report

"Sentiment was further boosted as the GST Council simplified the existing four tax slabs (5, 12, 18, 28 per cent) into a two-rate structure of 5 per cent and 18 per cent -- and proposed a special 40 per cent slab for select luxury items such as high-end cars, tobacco, and cigarettes," ICRA Analytics said in its report. 3 days ago
Karva Chauth 2025: GST 2.0 Booster Drives Sales Surge to ₹28,000 Crore

Karva Chauth 2025: GST 2.0 booster drives sales surge to Rs 28,000 crore

Member of Parliament from Chandni Chowk and CAIT Secretary General, Praveen Khandelwal, said that based on the heavy consumer rush seen on Thursday and Friday, along with feedback from across the country, total business on Karva Chauth is expected to reach about Rs 28,000 crore nationwide and around Rs 8,000 crore in Delhi alone. 14 days ago
From sugar to IT exports, GST rejig to boost Maharashtra's economy

From sugar to IT exports, GST rejig to boost Maharashtra's economy

The GST reduction on refined sugar from 12 per cent to 5 per cent will lower sugar prices by around 7 per cent at whole sale level, benefiting India's largest sugar producer-Maharashtra's sugar belt, comprising of Kolhapur, Sangli, Satara, Pune, Solapur, and Ahmednagar. 19 days ago
Govt asks e-commerce firms why prices went up despite GST cuts

Govt asks e-commerce firms why prices went up despite GST cuts

Consumer Affairs Secretary Nidhi Khare recently said the department received more than 3,000 complaints about companies not passing on the GST benefits to buyers. While speaking at an event, Khare mentioned that complaints are coming in every day, and the ministry is forwarding them to the Central Board of Indirect Taxes and Customs (CBIC) for further action. 24 days ago
Govt gets 3,000 complaints of misleading discounts after GST cuts

Govt gets 3,000 complaints of misleading discounts after GST cuts

The government has received nearly 3,000 complaints from consumers about misleading discounts and unfair pricing practices by retailers after the recent cuts in Goods and Services Tax (GST) rates, Consumer Affairs Secretary Nidhi Khare said on Monday. 26 days ago
India's real GDP growth projected to grow at 6.7 pc this fiscal: Report

India's real GDP growth projected to grow at 6.7 pc this fiscal: Report

"With Q1 FY26 real GDP growth at 7.8 per cent and stimulation of demand through GST reforms on the one hand, constrained by global headwinds affecting India's export prospects, both in goods and services, we expect India to still show an annual real GDP growth of 6.7 per cent in FY26," according to the global professional services firm. 26 days ago
Liquor prices in TN may rise as GST hike pushes up costs on packaging, service

Liquor prices in TN may rise as GST hike pushes up costs on packaging, service

Although alcohol itself remains outside the GST framework, the changes under GST 2.0 have affected related inputs. Packaging materials such as bottles, caps, labels, and cartons are now taxed at 18 per cent, compared to the earlier 12 to 15 per cent. Similarly, transportation and logistics services have also been brought under the 18 per cent tax bracket. Sep 24, 2025
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