Meanwhile, the Ministry of Textiles said in a statement that the exemption includes the removal of both the 5% Basic Customs ...

The proposed GST reforms through a two-tier tax structure and lower tax rates on household goods will lead to an estimated ...

The development highlights the urgency with which the central government is pursuing the tax reform that is expected to give ...

To boost consumer spending, the BJP-led Central government is reportedly mulling simplifying the Goods and Services Tax (GST) structure by reducing the number of slabs, If approved, the new slabs will ...

MUMBAI: Small car prices may decrease by up to 10% if the applicable tax slab is reduced from 28% to 18%. As part of the ...

Investing.com -- Indian Prime Minister Narendra Modi signalled a major reset of India’s goods and services tax, proposing to fold the 12% and 28% slabs into 5% and 18%, while creating a new 40% rate ...

SBI Research estimated that the effective weighted average GST rate has come down from 14.4% at the time of inception to 11.6 ...

HSBC noted that under a new regime, the government may consider reducing the tax on smaller cars to 18 per cent from 28 per cent, while for larger cars, a "special rate" of 40 per cent could be ...

The move is expected to grant some measure of relief to domestic textile and apparel manufacturers grappling with potential ...

The Indian textile industry has welcomed the government decision to waive customs duty and Agriculture Infrastructure and ...

The Indian textile industry receives a significant boost with the government's recent waiver on cotton import duties. This ...