Corporate India, leaner than ever from efficiency gains forged through indirect tax reforms, faces a fresh challenge as the government’s GST overhaul threatens to lock up cash and lengthen working capital cycles, even as weak demand clouds their growth prospects.
Read MoreThe Indian government has announced a reduction in the indirect tax burden on consumers—to be achieved by rationalizing goods and services tax (GST) rates.
Read MoreIDFC 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 MoreSource: 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 MoreNew 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 MoreGST collections for August 2025 is at ₹1.86 lakh crore, up 6.5 per cent YoY, according to official data.
Read MoreMarket 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 MoreHero 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 MoreReduce GST on automotive tyres, don't treat it on par with luxury goods: ATMA
Read MoreExpert 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.
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