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NEW GST SCHEDULES
Service output index to debut next month with FY25 baseIndia is set to launch the Index of Service Production (ISP) next month, a crucial new monthly indicator mirroring the Industrial Productio...- Mahindra's SUV output dips up to 15% in June amid supply chain worker crunch; XUV 7XO, Thar production hitMahindra & Mahindra is experiencing a significant drop in SUV production. A shortage of contract workers is affecting key parts suppliers. ...
- India's new GDP yardstick: What changed, what did not, and what every investor should now read differentlyIndia changed the base year used to measure its economy from 2011-12 to 2022-23. The first full-year provisional numbers under the new yard...
- Rs 10.9 lakh crore burden: Iran shock can take a load off India's backRising oil prices triggered by the Iran conflict are pushing India to accelerate its shift away from fossil fuels, with the government fast...
- India should increase investment in R&D to 2 per cent of GDP: Niti AayogNiti Aayog has urged India to boost research and development investment to two percent of GDP within five years. The report suggests restor...
- India’s influencer marketing industry to reach Rs 5,000 crore by 2027 as creator economy formalises: Kofluence reportThe creator economy in India is swiftly evolving into a robust and organised sector. Brands are stepping up their accountability, while cre...
- 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...
- GST Council should consider lowering tax on household insecticides to 5 pc: EY-HICA reportA new report recommends lowering the Goods and Services Tax on household insecticides. The current 18 percent rate could be reduced to 5 pe...
- West Bengal elections 2026: The real numbers test for Mamata Banerjee’s command & BJP’s pitchWest Bengal is heading into a high-stakes Assembly election scheduled in two phases on April 23 and April 29 across all 294 seats, with cou...
- How secured loans can open new doors to credit-based growth for MSMEsSecured loans offer MSMEs a pathway into the formal credit system, eliminating the need for years of audited financials or a long operation...
- West Asia conflict: Early signs of stress visible across sectors, says FICCI reportThe report emphasises that this crisis, while being challenging, also presents an opportunity for India to accelerate structural reforms ai...
- New GST rate and HSN code list: FinMin notifies latest slab rates in seven schedulesThe Ministry of Finance has revised the GST rate framework, effective September 22, replacing the June 2017 notification. This new structur...
- GST Council meeting scheduled for June 22 in New DelhiThe 53rd meeting of the GST Council is slated to convene on June 22, 2024, in New Delhi, following the inauguration of a new government. Pr...
- NPPA fixes ceiling prices of 814 scheduled formulations"Price of drugs where partial increase is expected due to roll out of GST will not be passed on to consumers as NPPA is working out a mecha...
- Trademarks, goodwill will face GST of 18%Since intangibles such as trademarks and goodwill do not find a mention in the schedule they would fall in the category of residual entry, ...
- Civil aviation ministry seeks deferment of GST implementationAccording to a senior ministry official, the deferment has been sought as airlines are not yet ready with their systems to be in compliance...
- Prices of many essential drugs to rise up to 2.29% post-GSTThe government has fixed GST rate of 12 per cent on most of the essential drugs as against the current tax incidence of around 9 per cent.
- Logistics stocks surge up to 7% ahead of GST Council meetSectoral representatives of civil aviation and railways will make presentations at the two-day meeting of the GST Council.
- States agree on issues related to GST: Jayant SinhaMinister of State for Finance Jayant Sinha said, will be "insulated" from the impact of GST on their revenues and gradually the new tax reg...
- GST introduction may be delayed by up to a yearThe lack of preparedness for the new tax regime may delay the introduction of GST by by up to a year.
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