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Business

India's GDP growth prediction is raised by Morgan Stanley, which also...

New Delhi, Sep 1: Morgan Stanley has raised its forecast for India’s GDP growth in 2025-26 on the back of the robust 7.8 per cent growth in the April-June quarter and expects the forthcoming cuts in GST to spur domestic demand, which would offset the decline in exports due to the US tariff...
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Business

India is still the fastest-growing economy, and GST reforms could mitigate the...

New Delhi, Aug 28: The upcoming Goods and Services Tax (GST) reforms, which aim to cut rates and boost private consumption, could offset the US tariff impact, BMI, a Fitch Solutions company, said on Thursday, adding that India is likely to remain one of the fastest-growing emerging market...
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Business

GST 2.0 will increase tax collection, enhance consumption, and reduce inflation

New Delhi, Aug 20: A consumption boost of Rs 5.5 lakh crore will generate an additional Rs 52,000 crore in GST revenue in FY26, easily offsetting the projected revenue loss of Rs 45,000 crore from GST 2.0 reforms, according to a report on Wednesday.GST 2.0 could unleash a consumption boost,...
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Business

GST amendments to boost consumers' disposable income: Expert

New Delhi, Aug 16: The government's plan to overhaul the Goods and Services Tax (GST) structure will give Indian consumers more disposable income, potentially boosting demand and overall consumption in the economy, said Najib Shah, former Chairman of the Central Board of Excise and Customs...
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National

Central GST Ludhiana finds Rs 62 crore in tax fraud and detains two

Chandigarh, July 31: Based on specific intelligence, Central GST Ludhiana in Punjab on Thursday said it has conducted investigation against multiple firms in the field of audio-video productions and unearthed GST evasion of Rs 62 crore and arrested two people.Prima facie, it appears that these...
Assam GST officials detect 352 fake firms linked to Rs 1,400 Cr Input Tax Credit scam
Assam

Assam GST officials detect 352 fake firms linked to Rs 1,400 Cr Input Tax Credit...

Of the total Rs 1400 crore fake ITC detected in Assam, Rs 1200 crore were shown transferred to other states.
Govt invites public suggestions on draft Registration Bill 2025
National

Govt invites public suggestions on draft Registration Bill 2025

New Delhi, May 27: The Centre's Department of Land Resources has prepared a draft 'The Registration Bill 2025' to align it with a modern, online, paperless and citizen-centric registration system for immovable property and other transactions.Once enacted, the Bill will replace the...
GST Council’s next meeting likely to discuss rate rationalisation, compensation cess
Business

GST Council’s next meeting likely to discuss rate rationalisation, compensation...

With a focus on simplifying the indirect tax regime and addressing anomalies in the existing Goods and Services Tax (GST) rate structure, the GST Council is likely to take up rate rationalisation and the future of compensation cess in its next meeting
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