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GST CESS INCREASE
As GST turns 10, focus shifts to AI-led compliance, faster refunds, simpler tax processesIndia's Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The government is leveraging AI, data sharin...- ITC's packaged foods business crosses $2 billion in revenueITC's packaged food business soared past $2 billion in FY26, with overall FMCG consumer spending reaching Rs 37,000 crore. This growth was ...
- Tokenised gold: A new way to invest in gold or a risky bet? What Indian investors need to know before investingTokenised gold is emerging as a new investment option in India. It uses blockchain to represent physical gold digitally. Investors can trad...
- India’s gold hunger stays unshaken as higher duties fail to close the import floodgatesIndia's insatiable thirst for gold remains resilient even in the face of increased import duties. Prior to the tax increase, there was a no...
- 12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
- Gold imports from Dubai may rise after duty hike: GTRIIndia's recent hike in import duties on gold and silver opens the door for enhanced trade relations with Dubai. Thanks to the India-UAE tra...
- India rolls out new gold math with import duty hike. Who will foot the bill?India has sharply raised import duties on gold and silver to 15% from 6% to curb demand, protect the rupee and preserve foreign-exchange re...
- Gold volume growth may dip 10–15% after duty hike, say jewellersIndia's gold and silver import duty hike may affect jewellery sales volumes initially. Industry leaders believe demand will stay strong due...
- Why gold’s Rs 10,000 spike after import duty increase is a one-off moveGold and silver prices staged a sharp comeback on Wednesday, with MCX futures for both metals surging nearly 6% in a single session after t...
- Gold jewellery to get costlier: Here's how much more you need to pay on your next purchaseIndia has significantly raised import duties on gold and silver. This move aims to reduce foreign exchange outflow and ease pressure on res...
- NMDC hikes iron ore prices by Rs 200 tonneState-owned NMDC has raised iron ore lump and fines prices by Rs 200 per tonne, effective immediately. Baila lump ore is now priced at Rs 5...
- GST 2.0 Inverted duty structure hurts FMCG, Pharma: Expert flags concernsIndian enterprises are navigating challenges posed by the Goods and Services Tax. The inverted duty scenario is particularly affecting FMCG...
- Indirect tax mop-up tops FY26 target, but pan masala cess misses the markIndia's indirect tax collections for fiscal year 2025-26 have surpassed the government's target. Customs, excise, and GST revenues showed s...
- Prices of SUVs and MPVs to go up 2% following the GST cess increaseThe GST Council in India has raised the cess on utility vehicles (UVs) by 200 basis points from 20% to 22%, leading to a price rise of 2% f...
- GST Council extending cess levy beyond 5 years would worry business: ExpertsDeloitte India Partner M S Mani said any decision to extend the cess beyond five years in order to fund the present compensation deficit co...
- Another cess coming? GST Council may approve imposition of Sugar cessImposition of Sugar cess could mean that not just sugar, but prices of products like sweets, confectioneries, chocolates etc. which use sug...
- Government notifies GST cess hike on mid and large cars, SUVsThe GST Council on September 9 had decided to hike cess on mid-size cars by 2%, on large cars by 5% and on SUVs by 7 per cent to bring tax ...
- Government notifies increase in cess ranging from 2-7% on motor vehiclesCess on mid-sized cars would go up by 2% to 17%, taking the total tax incidence to 45% from 43% now (28% GST + 7% cess).
- Auto shares advance despite GST cess hikeThe increased GST cess on mid- and high-segment cars approved by the GST Council will come into effect from Monday.
- Cabinet may consider ordinance on GST cess hike tomorrowPresently, large motor vehicles, SUVs, mid-segment cars, large cars, hybrid cars and hybrid motor vehicles attract a cess of 15 per cent on...
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