The GST Council’s decision to slash tax rates on everyday essentials and personal-use products ahead of the festive season is expected to revive domestic consumption, lift rural demand, and strengthen growth in the FMCG sector, industry leaders said on Thursday.According to news agency PTI, FMCG companies plan to pass on the benefits to consumers either…
A survey shows employers expect a sharp increase in benefit costs for next year, and many will want workers to shoulder more of the burden. Source link
The Goods and Services Tax (GST) Council, chaired by Union finance minister Nirmala Sitharaman, on Wednesday announced the most extensive revamp of the indirect tax system since its rollout in 2017.The reform introduces a simplified two-slab structure of 5% and 18%, alongside a new 40% slab for luxury and sin goods.The new rates, except for…
U.S. farmers need to sell their incoming crop, and China needs to buy it in case its main alternative, Brazil, has a flood or drought. But their trade war prevents a deal. Source link
Representative image (AI image) NEW DELHI: The GST Council on Wednesday approved a sharp hike in taxes on sin and luxury goods, creating a new 40 per cent slab for items such as tobacco, pan masala, aerated drinks and premium vehicles. The move marks a major restructuring of the indirect tax system, as the government…
Your next plate of hilsa may well have its origins in Bharuch, Gujarat, rather than the usual fishing grounds of West Bengal or Bangladesh. According to ET, Bharuch has delivered a record 4,000 tonnes of hilsa across the country during July–August, at a time when imports from Bangladesh have yet to begin this year and…
Takeshi Niinami said he never used the products in Japan, where officials are investigating whether they are banned under the country’s strict drug laws. Source link
The comprehensive GST modifications have been regarded by market analysts as a “consumption revival bombshell”. (AI image) GST rate cuts announced by the Modi government have served as a booster shot for the Indian economy and markets, with consumption driven growth expected to aid the economy at a time when it is faced by 50%…
MCX Gold has been showing a consistent upward trend, reflecting strong bullish momentum in recent sessions. (AI image) Gold and silver price prediction today: Gold prices are exhibiting a bullish trend and silver is also continuing the positive bias, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. He shares his views…
File photo: Industrialist Anand Mahindra (Pictur ecredit: ANI) Industrialist Anand Mahindra has welcomed the sweeping Goods and Services Tax (GST) rate cuts announced on Wednesday, urging policymakers to accelerate further reforms to strengthen India’s economy.Mahindra framed the GST cuts as a step in the right direction but stressed that this should mark the beginning of…
