Diwali Retail Sales Hit ₹6 Trillion Record
India's festive season witnesses unprecedented retail growth as reduced GST rates boost consumer spending, with CAIT data revealing remarkable economic resurgence.
Category : Search result: GST shortfall
India's Oil Imports Set to Surge as Refineries Resume
India's crude oil imports are poised for significant growth as major refineries complete maintenance. Discover how GST cuts and global market dynamics are shaping the energy sector.
Indian Pharma Q2 Preview: Steady Growth Amid Challenges
India's pharmaceutical sector gears up for Q2 FY25 with projected 5-7% revenue growth, navigating US pricing pressures and domestic GST reductions while maintaining stable profitability.
High GST Dips Bengaluru's Deepavali Ethnic Wear Sales 30%
Bengaluru's festive season sees significant drop in ethnic wear sales as 12% GST on items above ₹1000 dampens shopping spirit. Retailers report 30% decline despite festive discounts.
India's ₹1.5L Cr GST Shortfall: Who Pays?
Massive GST revenue gaps force honest taxpayers to bear burden of widespread evasion. Analysis reveals systemic flaws in India's tax infrastructure and compliance challenges.
GST Cut on Affordable Clothing: 200 bps Revenue Boost for Retail
In a major relief for consumers and retailers, GST rates on apparel below ₹2,500 have been significantly reduced. This strategic tax cut is projected to boost sectoral revenue by 200 basis points, revitalizing India's fashion retail industry and making fa
GST reform to boost organised apparel retail by 200 bps
Major GST reforms in the apparel sector are set to drive significant growth for organized retailers while creating challenges for unorganized players. CRISIL Ratings reveals how tax rationalization will reshape India's fashion retail landscape.
India's GDP Growth Could Reach 8% by 2025-26
Exclusive insights into India's economic trajectory: Discover how strategic GST reforms, RBI policies, and fiscal management could propel the nation to 8% real GDP growth by 2025-26. Learn what this means for investors and taxpayers.
GST 2.0: India's Next Tax Revolution Unveiled
Discover how India's upcoming GST reforms promise to streamline logistics, boost revenue, and create a more business-friendly tax environment ahead of the festive season.
Festive Sales & GST Cuts Boost Indian Consumer Spending
India's retail sector witnesses significant growth as festive sales and government tax reductions fuel consumer spending across key categories including mobile phones, apparel, and FMCG products.
GST Rate Cuts Hinted to Boost Festive Season Sales
Finance Minister Nirmala Sitharaman signals potential GST reductions to ease consumer burden and stimulate festive season spending. Analysis of impact on prices and economy.
GST Cut Drives Dhanteras Sales Boom in Ranchi
Ranchi witnesses unprecedented Dhanteras sales as GST reduction on key items fuels festive buying spirit. Jewellery and electronics lead the retail boom.
Zomato parent gets ₹64 crore UP tax notice
Uttar Pradesh tax authorities slap Zomato's parent company with a massive ₹64.17 crore notice over alleged GST discrepancies. Get the complete breakdown of the tax demand and company's response.
GST Reforms Spark FMCG Boom in India
India's FMCG sector experiences unprecedented growth as GST reforms boost consumer spending. Major companies like HUL, ITC, and Nestlé expand operations and set ambitious targets amid economic optimism.
Goldman Sachs: Rate Cuts by Year-End, GST to Boost Credit
Goldman Sachs forecasts RBI rate cuts starting October 2024, with GST reforms driving significant credit growth and economic expansion in India.
CBIC Extends GSTR-3B Deadline to Oct 25
In a major compliance relief for businesses, CBIC extends GSTR-3B filing deadline to October 25, 2023. Get all details about the extension for monthly and quarterly filers and what it means for Indian taxpayers.
GST 2.0 Brings Price Stability to Pune Diwali Markets
Pune's Diwali markets experience unprecedented price stability under GST 2.0, bringing relief to shoppers and sellers alike. Discover how simplified tax structures are transforming the festive shopping experience.
CEAT Awaits GST Cut Benefits in Coming Quarters
CEAT's Managing Director reveals how recent GST rate reductions on tyres will drive growth, boost demand, and enhance profitability in the automotive sector. Exclusive insights on market recovery and future strategy.
India's Retail Inflation Set to Cool in October
India's retail inflation is projected to decline significantly in October, driven by high base effect and GST reform impacts, offering relief to consumers and policymakers.
GSTR-3B Deadline Extended to October 25
Indian businesses get crucial relief as government extends GSTR-3B return filing deadline. Learn how this extension benefits taxpayers and simplifies GST compliance.
GST Reform Triggers Market Surge and Consumer Confidence Boost
India's reformed GST structure is driving unprecedented market growth and consumer confidence surge as rationalized tax slabs boost purchasing power across key sectors.
GST cuts bring bigger price drops on 30 essentials
In a major relief for Indian consumers, the recent GST rate cuts have resulted in bigger-than-expected price reductions on 30 daily-use items. The government is actively monitoring markets to ensure benefits reach common people.
GST Rate Cut Benefits Fully Passed to Consumers: FM
Finance Minister Nirmala Sitharaman announces complete pass-through of GST rate reduction benefits to consumers, highlighting government's commitment to consumer welfare and economic transparency.
Dhanteras 2023: Record-breaking sales in cars, electronics, jewellery
This Dhanteras witnessed unprecedented consumer spending with cars, electronics, and jewellery seeing massive demand. GST cuts and festive spirit drive Indians to splurge like never before.
GSTR-3B Deadline Extended to October 25 by CBIC
In a major relief for businesses across India, the CBIC has extended the GSTR-3B filing deadline for September 2023. Get all the crucial details about the new due date, eligibility, and what this means for taxpayers.
GST Cuts Boost Economy: Common Man Benefits
Union Ministers reveal how strategic GST reductions are putting money back in citizens' pockets while boosting consumption and driving investment growth across India's economy.
GST Reforms Fuel ₹20 Lakh Cr Electronics Consumption Boom
Union Minister Ashwini Vaishnaw reveals massive electronics consumption surge driven by GST reforms, with domestic manufacturing hitting ₹14 lakh crore and exports soaring.
Govt monitors 54 items for GST cut benefits
Indian government actively monitors price transmission of GST-reduced goods. 54 items under scrutiny to ensure businesses pass tax benefits to consumers effectively.
GSTR-3B Deadline Extension Urged Amid Diwali Festivities
Institute of Chartered Accountants requests GST portal deadline extension for GSTR-3B filing due to Diwali holidays. Critical compliance relief sought for businesses nationwide.
Rural Banks Boost Credit in Semi-Urban & Rural India
Finance Ministry directs regional rural banks to accelerate lending in underserved areas amid growing demand. GST rate rationalization for banking services could further boost financial inclusion mission.
Page 1 of 2