The Indian agriculture sector has hailed the restructuring of Goods and Services Tax (GST), as the Indian Rice Exporters Federation (IREF) on Saturday said that the reform will help the farmers due to the enhanced demand.
The US-India Business Council (USIBC) has extended its appreciation to Prime Minister Narendra Modi, the GST Council, and the Ministry of Finance for implementing the restructured Goods and Services Tax (GST), adding that the move will enhance the business environment and attract global investment.
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.
