GST reforms
Union Agriculture Minister Shri Shivraj Singh Chouhan announced significant GST reforms during a meeting with agricultural machinery representatives, reducing GST rates from 12% and 18% to 5%, effective September 22. This reduction will lower the prices of various agricultural equipment, providing substantial financial relief to farmers. The government aims to
GST reforms
Prime Minister Narendra Modi shared an article by Union Minister Chirag Paswan discussing the latest GST reforms, highlighting their role in enhancing the Ease of Living, Doing Business, and Investing. The reforms lower rates on everyday foods and packaging, making groceries more affordable, supporting MSMEs, aiding farmers, and improving India&
GST reforms
Union Agriculture Minister Shri Shivraj Singh Chouhan will chair a meeting to discuss GST reforms aimed at reducing rates on agricultural machinery from 12-18% to 5%. The meeting will include representatives from various agricultural machinery associations to ensure that the benefits of the GST reduction reach farmers effectively. The rate
India-EU FTA
Union Minister Piyush Goyal announced that India and the EU are committed to finalizing a balanced Free Trade Agreement (FTA) by year-end, which will enhance trade, investment, and innovation in the automotive component sector. The FTA aims to create new opportunities for collaboration and growth, while recent GST reforms are
GST reforms
The Ministry of Food Processing Industries (MoFPI) and the Confederation of Indian Industry (CII) hosted a roundtable with leading CEOs from the food processing sector, where industry leaders pledged to pass on GST benefits to consumers. The discussions centered on the Next-Generation GST Reforms, which simplify the tax structure to
GST reforms
The 56th GST Council meeting in New Delhi, chaired by Finance Minister Nirmala Sitharaman, announced significant reductions in GST rates for various mining-related items. Key changes include lowering GST from 12% to 5% for marble, granite, sand lime bricks, and essential household items like aluminum milk cans and cooking utensils.
Textiles
The Ministry of Textiles held a consultative meeting with MSME textile exporters, chaired by Union Minister Giriraj Singh. The meeting focused on market diversification, domestic consumption, and the impact of recent GST reforms. Singh highlighted the resilience of India's textile sector, which is valued at USD 179 billion
GST reforms
The Ministry of Electronics and IT has announced significant reductions in Goods and Services Tax (GST) rates on various consumer electronics and ICT hardware, aimed at promoting domestic manufacturing, supporting MSMEs, and enhancing affordability for consumers. Key reductions include GST cuts on air conditioners, TVs, monitors, and renewable energy devices,
GST reforms
The recent reduction in GST rates for agricultural and dairy sectors is hailed as a transformative reform by Union Agriculture Minister Shivraj Singh Chouhan. The changes are expected to lower costs for farmers, enhance profits, and promote sustainable practices. Key benefits include reduced GST on agricultural machinery, solar-powered equipment, bio-pesticides,
GST reforms
The Government of India has announced significant reforms in the Goods and Services Tax (GST) aimed at empowering youth, promoting fitness, and enhancing ease of living. Key changes include reducing GST on gyms and fitness centers from 18% to 5%, bicycles from 12% to 5%, and sports goods from 12%
GST reforms
Prime Minister Narendra Modi emphasized the transformative effects of the latest GST reforms, known as #NextGenGST, on India's manufacturing sector. The initiative introduces simplified tax slabs and streamlined digital compliance, aiming to enhance domestic production and competitiveness. Modi described the reforms as a game-changer for manufacturers, with lower
GST reforms
Prime Minister Narendra Modi reaffirmed the government's commitment to empowering Micro, Small and Medium Enterprises (MSMEs) in India, highlighting the importance of recent GST reforms under the #NextGenGST initiative. These reforms aim to ease credit access, expand market linkages, and reduce operational burdens, thereby strengthening MSMEs, which are