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The government introduced GST reforms to rectify the affordability, improve mobility, promote healthier lifestyles and strengthen key industries. The financial burden on households has been lowered from reducing the GST rates on gyms and fitness centres, two-wheelers and small cars, while moving forward with its long-term objective of encouraging healthy living, affordable transportation and better […]
The Retail Distribution Chemists Alliance (RDCA) in Delhi, with the introduction of GST 2.0 scheduled for September 22, 2025, has raised concerns for the financial burden the transition will place on pharmaceutical distributors and retailers. RDCA president Sandeep Nangia has requested urgent support from pharmaceutical partners to ensure a smooth transition and uninterrupted medicine supply. […]
In India, the Goods and Services Tax (GST) system represents a significant step in easing the collection of taxes on goods and services. An update has been launched by the government called GST 2.0, which revises the way taxes are structured to make the system simpler to comprehend, transparent, and effectively suited to the requirements […]
The Goods and Services Tax (GST) rates have been nearly implemented, and three out of four consumers believe that companies will reduce prices to reflect these changes, according to a survey conducted by LocalCircles. In the survey, it was discovered that on the grounds of the earlier experiences, nearly 42% of the respondents were just […]
The Federation of Telangana Chambers of Commerce and Industry (FTCCI) has outlined the importance of bringing petrol and diesel under GST while hailing the Goods and Services Tax (GST) rate rationalisation as a landmark step for a simpler and more inclusive tax regime. FTCCI leaders, led by its president R.Ravi Kumar, while asking for a […]
You should not delay or be deprived of the benefits of a bonus, renewal discounts, or even coverage continuity if your individual life or health insurance policy is due for renewal before September 22. Premiums will be reduced after that specific data because of the proceeds of the GST council to scrap the 18% tax, […]
The Federation of Karnataka Chambers of Commerce and Industry (FKCCI) greeted the new GST reforms, stating that they will be effective for the industry, trade sector, and consumers. GST Council member B.T. Manohar mentioned that the overall revision will benefit the common man. The request to reclassify goods under the Harmonised System of Nomenclature (HSN) […]
Under the chairpersonship of the Union Finance & Corporate Affairs Minister, Smt. Nirmala Sitharaman, the 56th meeting of the GST Council was held in New Delhi. With regard to changes in GST tax rates, providing relief to the common man, the aspirational middle class people, and introducing measures for the facilitation of trade in GST, […]
A comprehensive overhaul of India’s consumption tax has been approved by the Goods and Services Tax (GST) Council. This reform, the first since its introduction in 2017, significantly reduces duties on essential household items, medicines, small cars, and appliances. The changes will impact a wide range of products, including toothpaste, insurance, tractors, and cement. The […]
