The government’s latest GST rate reforms seek to resolve long-standing classification disputes over everyday food items such as popcorn, parathas, and paneer. These items have frequently been caught in tax litigation over whether...
Karnataka Chief Minister Siddaramaiah hailed the consensus reached among eight opposition-ruled states on GST reforms, calling it a step toward creating a more balanced and cooperative tax regime. The collective stance emphasizes the...
Chief Economic Adviser (CEA V. Anantha Nageswaran) has said that recent GST reforms, combined with the upcoming festive season, could provide a significant lift to consumer demand and overall economic activity. Speaking on...
According to a new report by Ambit Capital, a GST rate reduction has a significantly higher multiplier effect on the economy compared to income tax cuts. While income tax relief boosts disposable income...
State governments have urged the Centre to adopt tough measures to prevent profiteering by businesses in the wake of GST rate cuts. While the reform is designed to ease prices for consumers and...
The government is considering a major GST rate cut on food and textile items, aiming to ease the burden on households while boosting demand in two of India’s most critical consumption-driven sectors. The...
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