tax reforms
India's GST Collections Surge 4.6% to Rs 1.96 Lakh Crore in October Despite Rate Cuts
Nov 02, 2025 01:43 am CST
India's GST collections rose by 4.6% year-on-year to Rs 1.96 lakh crore in October, marking the 10th consecutive month above Rs 1.8 lakh crore. Despite recent rate rationalization, strong festive demand has maintained robust tax revenues, while direct tax collections also increased by 6.33% this fiscal year, highlighting positive economic growth trends.
Ladakh's Economy Boosted by GST Reforms: Benefits for Pashmina, Handicrafts, and Tourism Sectors
Oct 22, 2025 02:31 pm CST
The government has announced significant GST reforms reducing rates from 12% to 5% on authentic Pashmina, handwoven woollens, Thangka paintings, and local agricultural products from Ladakh. These changes aim to enhance competitiveness of traditional crafts, support over 10,000 nomadic herders, boost tourism through reduced hotel tariffs, and strengthen markets for products from 6,000 farming families engaged in apricot cultivation and processing.
IMF Chief Praises India's Bold Economic Reforms as Key Global Growth Engine Amid International Challenges
Oct 14, 2025 02:43 pm CST
IMF Chief Kristalina Georgieva has praised India's bold economic reforms including digital identity implementation, tax system overhauls, and digital payment infrastructure during the IMF's semi-annual gathering. While forecasting 6.5% growth for India in 2025-26, she contrasted India's rising economic influence with China's deceleration and expressed concerns about global debt issues affecting developing nations and potential disruptions from renewed US-China trade tensions.
Automobiles To Online Shopping: How GST 2.0 Spurred Consumer Frenzy On Day 1
Sep 23, 2025 07:40 pm CST
A new era for Indian consumers began with the launch of GST 2.0 on September 22, with consumer excitement visible in the markets even before the Navratri festival started.
After PM Modi's GST Utsav Call, M Kharge's "Band-Aid On Deep Wounds" Jab
Sep 22, 2025 12:00 am CST
Prime Minister Narendra Modi today termed the lowering of Goods and Services Tax (GST) rates as the beginning of "GST Utsav", presenting the reforms as a "double bonanza" to households already benefitting from recent income tax exemptions.