GST

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. 5 hours 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. 2 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. 2 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. 7 days ago
Dulquer Salmaan, Prithviraj Sukumaran's Houses Raided Over Luxury Car Tax Evasion

Dulquer Salmaan, Prithviraj Sukumaran's houses raided over luxury car tax evasion

Among the notable sites are the residences of actors Prithviraj and Dulquer Salmaan, highlighting the operation's wide-ranging scope. According to the officials, they will seize the vehicles, and notices will be served to those from whom the vehicles are seized and they will be asked to produce the relevant papers of the vehicles. 8 days ago
GST reform to boost GDP by Rs 20 lakh crore: Ashwini Vaishnaw

GST reform to boost GDP by Rs 20 lakh crore: Ashwini Vaishnaw

He gave several examples of lower tax rates, including the following: cement, which previously had a 30 per cent tax, is now subject to an 18 per cent tax; sanitary pads, which were previously subject to a 13 percent tax, are now completely exempt; footwear, which was previously subject to an 18 percent tax, is now only 5 per cent; refrigerators are now only 18 percent taxed; and detergents are no longer taxed. 8 days ago
GST reforms have reduced the tax burden on people: Nirmala Sitharaman

Govt warns firms against not passing GST cuts to consumers

"If we feel reduced GST hasn't been passed on, it will be treated as an unfair practice. We will take class action against those who don't pass on GST benefits," she said, assuring that consumer complaints will also be addressed promptly. 9 days ago
Sensex, Nifty open with gains as potential rate cut in US boosts sentiment

Stock market opens marginally lower, Nifty IT down 2.68 pc

As of 9.26 am, the Sensex was down 189 points, or 0.23 per cent at 82,772 and the Nifty was down 40 points, or 0.16 per cent at 25,286. Sensex and Nifty had opened with dips of 0.40 per cent and 0.33 per cent respectively, but later cut down on the losses. 9 days ago
GST 2.0 to enhance ease of living & ease of doing business: PM Modi

GST 2.0 to enhance ease of living & ease of doing business: PM Modi

The Prime Minister was responding on X to an article written by Union Minister Chirag Paswan on the GST 2.0 reforms that will kick in on September 22, just ahead of the festive season, to reduce the prices of over 90 per cent goods sold in markets across the country. 12 days ago
After GST rate cut, govt waives mandatory re-labelling of medicines

After GST rate cut, govt waives mandatory re-labelling of medicines

"All manufacturers/ marketing companies selling drugs/ formulations shall revise the Maximum Retail Price (MRP) of drugs/formulations (including medical devices). The manufacturers/ marketing companies shall issue a revised price list or supplementary price list to dealers and retailers for display to consumers, and to State Drug Controllers and the Government, reflecting the revised GST rates and revised MRP," the NPPA said. 14 days ago
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