IDFC FIRST Bank is among private sector banks authorised for GST collections, reaffirming its commitment to offering universal banking solutions and comprehensive financial services to the wider ecosystem.
Read More
Maruti Suzuki, Tata Motors, Hyundai Motor, and Mahindra & Mahindra — auto makers have seen their sales dip this August compared to last year. Here, we examine whether the likely GST slab rejig could brighten prospects.
Read More
Reduce GST on automotive tyres, don't treat it on par with luxury goods: ATMA
Read More
Source: https://taxguru.in/goods-and-service-tax/bcas-proposes-next-gen-gst-reforms-simplify-tax-system.html
In a significant move to streamline India’s Goods and Services Tax (GST) framework, the Bombay Chartered Accountants Society (BCAS) has submitted a representation to the Finance Minister, Nirmala Sitharaman, the GST Council Secretariat, and the Central Board of Indirect Taxes & Customs (CBIC). This communication, dated August 30, 2025, outlines a series of “next-generational” reforms aimed at simplifying compliance and aligning with the vision articulated by Prime Minister Narendra Modi during his 79th Independence Day address. The proposals are categorized into substantive and procedural suggestions, covering structural reforms, rate rationalization, and ease of living.
Read More
Hero MotoCorp, Maruti Suzuki, and Eicher Motors stood out in August with substantial gains amid a weak market. Hero MotoCorp surged 20%, Maruti Suzuki 17.3%, and Eicher Motors 11.6%, buoyed by expectations of GST cuts and favorable economic conditions.
Read More
Market outlook: The imposition of a 50% tariff on Indian imports by the US from August 27 has crystallized the worst-case scenario. According to Emkay, the direct impact appears limited at ~0.5% of GDP in FY26, with negligible effect on the earnings of listed companies.
Read More
New Delhi, Sep 1 (PTI) The long-term success of Goods and Services Tax (GST) lies in moving towards a single nationwide tax rate, and that GST 2.0 must act as the stepping stone by keeping to just two slabs – 5 per cent and 18 per cent – while capping the peak rate firmly at 18 per cent, not 40 per cent, a report said.
Read More
Expert view: As global economic shifts loom, Indian stock markets may experience volatility. Expert insights reveal how US tariffs, domestic demand, and government reforms will shape the near-term landscape.
Read More
GST collections for August 2025 is at ₹1.86 lakh crore, up 6.5 per cent YoY, according to official data.
Read More
The tax rate restructure proposals mainly include compressing the four-rate GST structure into a two-rate regime, with most of the products and services getting shifted to lower slabs.
Read More