The latest rationalisation of GST slabs has sent a quiet but significant signal: tax rates are no longer untouchable. In the past, governments have hesitated to fiddle with tax rates much, on the premise that a bird in the hand is worth two in the bush.
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Jamshyd Godrej, Managing Director of Godrej & Boyce, has said that the Goods and Services Tax (GST) was long overdue and underlined the need for resilience in the face of global disruptions.
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India’s GST Council has finally done what many had hoped for since 2017—simplified the regime and made it more pro-consumption. From 22 September, the goods and services tax (GST) will collapse into two main rates of 5% and 18%, plus a stiff 40% for a narrow set of luxury and ‘demerit’ goods.
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New Delhi, Sep 8 (PTI) The government is working on a comprehensive package to support Indian exporters impacted by a steep 50 per cent tariff imposed by the US, Finance Minister Nirmala Sitharaman has said, asserting a multi-departmental engagement is underway to assess the impact on Indian shipments.
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The Nifty 50 and Sensex started positively, driven by global signals and GST rate cuts, yet concerns linger about sustaining gains. Analysts suggest short-term global trends will dominate, while the GST reforms may boost consumer demand post-September 22.
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The Nifty Auto index climbed 3.4% to 27,220 points, driven by a rally in auto stocks following GST rate cuts. Automakers like Tata Motors and Mahindra announced significant price cuts across key models.
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The Supreme Court clarified that all proceedings pending before the high courts regarding challenges to the new gaming law will now be heard only by the top court, and the high courts will not entertain any petition on related cases.
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New Delhi, Sep 8 (PTI) The Central Board of Indirect Taxes and Customs (CBIC) will be engaging with the insurance industry to work out a transition mechanism for the accumulated input tax credit (ITC) of those policies which have been exempted from tax with effect from September 22, Finance Minister Nirmala Sitharaman has said.
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Audi India has slashed prices across its lineup after GST 2.0 reduced the overall tax on passenger vehicles. Customers benefit between ₹2.60–7.80 lakh, with models like Q3, A4, Q5, A6, Q7, and Q8 seeing major cuts.
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Investing in bonds is essential for portfolio diversification and stability, especially during equity market volatility. Recent economic changes and interest rate trends in India present a favorable opportunity for bond investments, with yields now more attractive than traditional fixed deposits.
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