- 27 Aug 2025 05:54 PM
- New
GST Burden on Consumers: Income-Wise Data Not Maintained
Source: https://taxguru.in/goods-and-service-tax/gst-burden-consumers-income-wise-data-maintained.html
The Indian Ministry of Finance, in a Rajya Sabha unstarred question, addressed the claim that the bottom 50% of consumers bear the same Goods and Services Tax (GST) burden as the middle 30%. The Ministry stated that it does not maintain income group-wise GST collection data, making it impossible to confirm or deny the claim directly. The response clarified that GST is a consumption tax, collected by suppliers from consumers. To mitigate the tax impact on essential items, the government has exempted goods and services of mass consumption, such as unpackaged food grains, fruits and vegetables, education, and healthcare. Additionally, items like edible oil, life-saving medicines, and fertilizers are taxed at a reduced rate of 5%. This tiered system is intended to lower the tax incidence on everyday necessities.
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- 25 Aug 2025 06:35 PM
- New
Market strategy: GST reforms could trump tariff worries, drive next leg of stock market rally, says Emkay Global
Market strategy: Emkay Global added KFin Technologies to its model portfolio, increased weights in Maruti Suzuki, Shriram Finance, and Mphasis, while exiting Bharti Airtel and Motilal Oswal.
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- 25 Aug 2025 06:29 PM
- New
Indian Medical Association supports governments GST relief on essential medicines
The Indian Medical Association (IMA) has welcomed the Goods and Services Tax (GST) Council's decision to reduce GST on several cancer-related and other essential medicines, calling it an essential move to make healthcare more affordable for millions of patients across India. The association expressed its gratitude to the Council and the Government of India in a press release.
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- 25 Aug 2025 06:18 PM
Stocks to buy for short term: From Concor to Cipla— Jigar Patel of Anand Rathi recommends 3 shares
Stocks to buy for the short term: The Nifty 50 index gained for the second week due to GST reform optimism and an S&P credit rating upgrade. Jigar Patel recommends buying three shares, including Concor and Cipla, for short-term gains, with specific target prices and stop-loss levels provided.
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- 25 Aug 2025 06:13 PM
India’s online gaming ban: Are our policymakers really listening?
The government’s Promotion and Regulation of Online Gaming Bill, 2025, approved by both Houses of Parliament, aims to promote e-sports and social games while banning real money gaming (RMG)—or games that involve stakes purchased with money, directly or indirectly, including by means of virtual assets.
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- 25 Aug 2025 06:39 PM
Fitch forecasts India's GDP growth at 6.5% for FY26, affirms ‘BBB-’ rating amid solid growth | 5 Points
Ratings agency Fitch has affirmed India's sovereign rating at ‘BBB-’ with a stable outlook, and forecasts 6.5 per cent of GDP growth in FY26, it said on August 25.
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- 25 Aug 2025 06:04 PM
Vegetable oils body IVPA urges govt to lift GST refund restrictions
New Delhi, Aug 24 (PTI) Vegetable oil industry body IVPA has urged the government to lift restrictions on tax credit refunds in place since July 2022, saying the curbs are straining working capital and deterring investment in the sector.
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- 23 Aug 2025 05:35 PM
The week in charts: India’s RCEP re-entry, job cuts at banks, GST revamp, ethanol blending debate
From the Centre’s proposed ban on online gaming to India’s possible return to an eastern trade bloc, a slowdown in private banks’ hiring, and a reboot of the GST regime—here are this week’s key numbers.
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- 23 Aug 2025 05:28 PM
Tax cuts and GST reforms are closer than you think
GST Council to consider tax rate cuts, reforms on 3 and 4 September, so that consumers planning purchases during the festival season get the benefits.
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- 23 Aug 2025 05:33 PM
Best of the week: Tariffs, bees, and ripple effects
Billionaire villages, India-China are getting closer, and Ola Electric's missing chairman
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