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India cuts consumption taxes, simplifies structure into two slabs
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The change in GST rates will have an impact on the earnings of the government Business News (Today Samaj), Business Desk: The Indian government took a big step on September 4 and changed the GST rates. After this change, the Finance Minister announced that there will now be two slabs of GST rates. With this, the maximum GST will be 18 percent, which was 28 percent earlier. The objective of the central government was to protect the Indian industr…
Amber Enterprises, Trent among key winners of GST-driven demand upswing - GAGA INDIA
Menu Account Indian Stocks Portfolio (PMS) Unlisted Shares Mutual Fund USA Stocks ₿ Crypto Forex Bonds Fixed Deposit Real Estate Training Videos Equity Training Upstox Demo Intraday Demo MF Demo India’s retail sector is poised for a consumption-led revival as the GST Council’s recent decision to rationalize tax slabs promises to lower prices across a wide spectrum of goods. Effective September 22, the new structure simplifies t…
India cuts consumption taxes, simplifies structure into two slabs
INDIA announced a major cut in consumption taxes on Wednesday, days after the United States imposed steep tariffs on Indian goods.India's finance minister Nirmala Sitharaman said the Goods and Services Tax (GST) structure would be simplified from four slabs to two, with reductions across several sectors. In some cases, levies have been reduced by more than half.The tax changes will make a range of consumer goods, including soap bars and motorbik…
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