Reduction in GST rates have higher multiple effect on economy, than cut in income tax: Report

Aug 28, 2025

A decline in the Goods and Services Tax (GST) rate has a higher multiplier effect of 1.08x compared with direct taxes, according to a...

GST reforms in Pharma sector are huge demand boosters: Piyush Goyal

Sep 04, 2025

Commerce Minister Piyush Goyal today said that the latest reforms in the Goods and Services Taxes (GST) in the Pharma sector are huge demand...

GST decreased number of taxes, increased transparency: PM Modi

Jun 30, 2021

New Delhi [India], June 30 : Terming the Goods and Services Tax (GST) a "milestone in the economic landscape of India", Prime Minister Narendra...

Prices may cool down soon as tax cuts take effect; Inflation expected at 3.1% in FY26: BoB report

Sep 13, 2025

Prices of everyday goods and services could start to come down in the coming days, as recent cuts in indirect taxes by the government...

Single rate GST structure possible once India achieves Income Parity, says CBIC Chairman

Sep 08, 2025

India could move towards a single Goods and Services Tax (GST) rate structure once the country achieves income parity across different segments of society,...

Bill to align some provisions of CGST Act with Tribunal Reforms Act passed by Lok Sabha

Dec 20, 2023

A bill to align certain provisions of the Central Goods and Services Tax Act, 2017 with the Tribunal Reforms Act, 2021 was passed by...