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GST RATE RESTRUCTURING
GST Council meeting rescheduled to October 7 due to BRICS summitThe GST Council meeting has been rescheduled to October 7 due to the BRICS summit. This meeting will occur after a gap of over a year for t...- The 'trustworthy' changes in the lives of India's middle classDigital payments and tax reforms have significantly altered middle-class spending habits. GST has streamlined consumption taxes, impacting ...
- Home sales cool, prices climb: Is India's housing market getting too expensive?India's residential housing market saw sales decline by 6.1% YoY in Q2 2026, while average prices rose 1% QoQ to Rs 10,153 per sq ft. Led b...
- India may rationalise most customs tariffs by Budget 2027-28, Nirmala Sitharaman saysIndia's finance minister announced plans to streamline customs tariffs, aiming for a significant overhaul by the fiscal year 2027-28. This ...
- Tamil Nadu spends too much; Bengal earns too little: A tale of two deficitsTamil Nadu and West Bengal ended 2023-24 with revenue deficits, but their fiscal challenges differ significantly. Tamil Nadu's deficit stem...
- 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...
- India Inc revenue to grow 7% this fiscal on GST restructuring, but profit margins may remain flat: CrisilCrisil Intelligence expects India Inc’s revenue to grow 6–7% this fiscal, driven by GST rate cuts boosting consumption, especially in FMCG,...
- GST rejig to give consumption a big push; food and durable goods to turn cheaper: BoB ReportThe Indian government is poised to simplify the GST structure, reducing tax slabs and rates on key consumer goods. This overhaul, expected ...
- Proposed GST rate tweaks on automobiles to end classification disputesThe Centre is planning sweeping GST reforms that could lower taxes on automobiles, now taxed up to 50% including cess. Under the proposal, ...
- Hero Moto, Maruti, Tata Motors and other auto stocks jump up to 8%. How a GST rate cut may impact themShares of auto companies like Tata Motors, Hero MotoCorp and Maruti Suzuki rose sharply. This is due to anticipation of a GST rate reductio...
- Congress seeks GST official discussion paper on the proposed restructureThe Congress party has urged the government to release an official discussion paper on the proposed GST restructure, dubbed "GST 2.0." The ...
- GST Compensation Cess Future: Group of Ministers proposes merger with taxesThe GoM on GST discussed merging compensation cess with GST. States suggested no new items should be added during this transition. Compensa...
- Why GST restructuring is the need of the hourIndia is one of the few countries to have opted for a more intricate structure, featuring four or more tax slabs. GST slabs in India are 0%...
- GST: Rate changes and reliefThe 47th GST Council meeting addressed the inverted duty structure and removed several exemptions but deferred a decision on wider slab rec...
- No feedback sought from states on GST rates: Finance ministryThe ministry in a statement on Monday said deliberations of the panel of ministers to rationalise GST rates are ongoing and the report has ...
- Union Budget 2021: SCAI asks government intervention for the retail sector recoveryThe Shopping Centres and organised modern retail sector has been a major contributor to the country’s GDP and employment generation.Being a...
- RBI extends provisions of restructuring of MSME loans for borrowers with loan upto Rs 25 crA restructuring framework for MSMEs that were in default, but were standard on January 1, 2020 is already in place.
- Working with RBI on need for loan restructuring: FM Nirmala Sitharaman“The focus is on restructuring. Finance ministry is actively engaged with RBI on this. In principle, the idea that there may be a restructu...
- Realtors expect debt restructuring up to Rs 1 lakh crore, tax sops for homebuyers in Budget"Liquidity shortage continues to cause distress in real estate. Hence, a one-time restructuring scheme with moratorium on principal and int...
- Despite Constitutional amendments, GST Bill might have to wait till winter sessionOnce the government arrives at a consensus with the empowered committee and GST Council, Congress will insist giving a ‘legislative framewo...
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