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Consumer goods companies are racing against a two-week deadline to transition to the new dual-slab Goods and Services Tax (GST) regime, aiming to minimize disruption and financial loss for retailers and distributors.
Union Finance Minister Nirmala Sitharaman wrote to finance ministers of all states, expressing gratitude for their support and active role in helping implement the landmark overhaul of the goods and services tax (GST) regime.
Automobile dealers could face significant financial losses as the government clarifies that compensation cess credits cannot be transitioned or refunded under the current GST law.
TO SORT OUT implementation issues across sectors, from auto to textiles and fertilisers, arising in the wake of the GST 2.0 rate rationalisation, the Cabinet Secretariat has called for an inter-ministerial meeting on Monday, according to senior government officials.
Leading e-commerce players, Walmart-owned Flipkart and Amazon, will kick off their flagship festive season sales on September 23, just a day after the recently announced GST rate cuts come into effect
About the Webinar: Topic Impact Analysis of 56th GST Council meeting Recommendations Faculty CA Saradha Hariharan Date 12.09.2025 Time 3…
Works for the recently-unveiled next-generation GST reforms had started around one-and-a-half years ago, and it has nothing to do with any external factors, Union minister and BJP leader Ashwini Vaishnaw told reporters on Saturday while addressing a press conference from the party headquarters.
Union Finance Minister Nirmala Sitharaman said that 99% of all goods and services being taxed under GST are now either in zero, 5%, or 18%, and only 1% is being taxes as demerit or sin goods.
Chief Economic Advisor (CEA) V Anantha Nageswaran feels that the Centre’s goods and services tax (GST) reforms will boost consumption in India.
The GST Rate rationalisation exercise saw rate cuts for over 400 products and services, but the GST rate for broadcasters remained the same at 18%. Ahead of the latest GST Council meeting, broadcasters had made a pitch for lowering the GST rate from 18% to 5%.
