GST reforms to propel India’s FY26 GDP growth to 7.4% : NIPFP
NEW DELHI : The Indian Economy is expected to grow by 7.4 per cent in the current financial year, as the effect of goods and services tax (GST)
18 per cent GST on garments leaves textile industry, consumers worried
NEW DELHI : As the wedding season draws near, lovers of ready-to-wear traditional Indian attire are bracing for a financial pinch. The recent decision to hike GST from
CTA Apparels welcomes reduction in GST rates on Textiles & Apparel
DELHI NCR : CTA Apparels has welcomed the Government of India’s decision to reduce Goods & Services Tax (GST) rates on select textile and apparel categories. The reforms
Construction permits, GST, labor laws among top challenges for MSMEs: Assocham advocates reforms
NEW DELHI : Industry body Assocham has called for reforms in national and state-level policies to ease the regulatory regime for MSMEs in the country. In its latest
Ministry of Finance Year End Review 2024: Department of Revenue
NEW DELHI : In the year 2024, the Central Board of Direct Taxes (CBDT) and Central Board of Indirect taxes and Customs (CBIC), under the Department of Revenue,
Mandatory multi-factor authentication for E-Way Bill and E-Invoice Generation: GST compliance update
NEW DELHI : Taxpayers with an aggregate annual turnover (AATO) exceeding ₹100 crore have been required to use multi-factor authentication (MFA) since August 2023. According to an advisory
Retailers urge FinMin and GST Council not to go for higher 35% tax rate
NEW DELHI : Indian Sellers Collective, an umbrella body of trade associations and sellers across the country, has urged the finance minister and the GST Council not to
CMAI warns of 100,000 job losses, MSME closures due to GST hike on apparel
NEW DELHI : The Clothing Manufacturers Association of India (CMAI) has raised concerns regarding the rate-rationalisation proposal put forward by the Group of Ministers (GoM), chaired by Bihar
Union Govt to reduce tax on marine diesel oil to boost coastal & inland shipping
NEW DELHI : The Union Government is looking to reduce the tax on marine diesel oil (MDO) by building consensus to bring it under the Goods and Services
India says it plans to simplify GST rate regime in coming months
NEW DELHI : India is working on simplifying the country’s sales tax regime by introducing three slabs instead of the existing four rates, a top tax official said.