New Delhi, Aug 19 (PTI) The proposed GST reforms through a two-tier tax structure and lower tax rates on household goods will lead to an estimated average revenue loss of Rs 85,000 crore a year, but ...

GST 2.0, as proposed, aims to lower the effective weighted average GST rate to 9.5%, boosting consumption by ₹5.5 lakh crore.

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Sources said Prime Minister Modi keenly heard the inputs and emphasised that job creation and the expansion of small enterprises, especially MSMEs, will remain central to India’s economic strategy.

Prime Minister Modi’s announcement for a sweeping GST rationalisation has put the consumption theme back in the spotlight.

GST reforms are on the horizon. These reforms may bring a two-tier tax structure. Household goods may see lower tax rates. An SBI Research Report suggests a revenue loss of Rs 85,000 crore annually.

Impact of the rate rationalisation on the insurance industry depends on whether the rate cut is implemented with or without ...

1,826 items are now exempted under the sales and service tax, compared with 607 under the goods and services tax.

Markets enjoyed a robust opening to the week yesterday, buoyed by optimism around the government’s proposed Goods and Services Tax (GST) reforms and an upgrade in India’s sovereign credit rating.

Consumer durable firms brace for a tough festive season as they await clarity on a proposed GST cut on ACs and TVs above 32 ...

GST reforms to boost consumption by Rs 1.98 lakh cr but may cause Rs 85k cr revenue loss annually, says SBI Research Report.