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GST On Air And Water Purifiers To Be Reduced To 5%, Reclassified As Essential Items
The GST Council may consider cutting goods and services tax on air and water purifiers for domestic use from 18 per cent to 5 per cent, reclassifying them as essential items rather than discretionary consumer goods.
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Centre Opposes GST Cut On Air Purifiers, Says 'Pandora's Box Will Open'
The government on Friday opposed tax relief for air purifiers - a plea made to the Delhi High Court citing the horrid toxic smog that has blanketed the city over the past few weeks.
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India Revamps Tax Regime In 2025, New Act Comes Into Effect From April 1
India overhauled its tax regime in 2025 with sharp cuts in Goods and Services Tax (GST) rates and a higher income tax exemption limit, with the spotlight now turning to customs duty rationalisation and procedural simplification in the coming Budget.
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Budget 2026: Why A Higher LTCG Exemption May Help More Than A Lower Tax Rate
For investors watching Budget 2026, the key question may not be how low the rate goes, but how high the exemption cap could rise.
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Rate Cuts, Tax Breaks Could Lift Nifty 50 To 30,000 By 2026: JP Morgan
India's benchmark Nifty 50 index could climb to 30,000 by end-2026, implying an upside of about 15% from current levels, supported by steady fiscal and monetary policy that are expected to fuel demand, JP Morgan said on Wednesday.
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Analytics Firm S&P Global Says India's GDP To Grow By 6.7% In Next Fiscal
India's economy is expected to grow 6.5% in the current financial year, driven mainly by domestic demand, recent tax cuts, and monetary policy easing. The data compiled by S&P Global Ratings also projected growth to rise to 6.7% in the next fiscal
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How Will Americans Receive "$2,000 Tariff Dividend"? Team Trump Explains
The Donald Trump administration in the United States has addressed confusion surrounding the proposed $2,000 (approx. Rs 1,77,000) tariff dividend that the President announced in his recent social media post.
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India Records Decade-High Navratri Sales As GST Cuts Fuel Consumer Boom
India's consumer economy has achieved its highest Navratri sales in over a decade, a surge attributed to the Modi government's NextGen GST reforms, which reduced tax rates and increased product accessibility.
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Eiffel Tower Closed Due To Strikes Across France Against Austerity
Protesters took to the streets of more than 200 towns and cities across France to denounce spending cuts and demand higher taxes on the rich.
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'50% Relief Borne By States': MK Stalin Slams PM Modi Over Delayed GST Cuts
Tamil Nadu Chief Minister MK Stalin on Monday took on Prime Minister Narendra Modi over the timing of the Goods and Services Tax (GST) cuts, accusing the Union government of denying states their rightful funds.
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AC, TV Dealers See Spike In Sales On Day One As Lower GST Rate Takes Effect
As lower GST rates take effect on Monday, sales of air-conditioners, TV sets surged dramatically with buyers rushing to grab cheaper deals offered by retailers at the beginning of the Navratra festival.
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In Arunachal Pradesh, PM Modi's Message On Swadeshi, GST
Prime Minister Narendra Modi interacted with traders and merchants of Arunachal Pradesh as the rationalized Goods and Services Tax came into effect across the country today.
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GST 2.0 Tax Cuts Kick In, What You Need To Know: 10 Points
The Government's second major overhaul of the Goods and Services Tax (GST), referred to as "GST 2.0", comes into effect today, with a wide range of rate cuts.
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After PM Modi's GST Utsav Call, M Kharge's "Band-Aid On Deep Wounds" Jab
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.
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GST 2.0: Mother Dairy Decides To Pass "100% Tax Benefit", Slash Prices
The company said it is passing "100 per cent of the tax benefit to our patrons" as new GST reform comes into effect from September 22.
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GST On Air And Water Purifiers To Be Reduced To 5%, Reclassified As Essential Items
The GST Council may consider cutting goods and services tax on air and water purifiers for domestic use from 18 per cent to 5 per cent, reclassifying them as essential items rather than discretionary consumer goods.
-
Centre Opposes GST Cut On Air Purifiers, Says 'Pandora's Box Will Open'
The government on Friday opposed tax relief for air purifiers - a plea made to the Delhi High Court citing the horrid toxic smog that has blanketed the city over the past few weeks.
-
India Revamps Tax Regime In 2025, New Act Comes Into Effect From April 1
India overhauled its tax regime in 2025 with sharp cuts in Goods and Services Tax (GST) rates and a higher income tax exemption limit, with the spotlight now turning to customs duty rationalisation and procedural simplification in the coming Budget.
-
Budget 2026: Why A Higher LTCG Exemption May Help More Than A Lower Tax Rate
For investors watching Budget 2026, the key question may not be how low the rate goes, but how high the exemption cap could rise.
-
Rate Cuts, Tax Breaks Could Lift Nifty 50 To 30,000 By 2026: JP Morgan
India's benchmark Nifty 50 index could climb to 30,000 by end-2026, implying an upside of about 15% from current levels, supported by steady fiscal and monetary policy that are expected to fuel demand, JP Morgan said on Wednesday.
-
Analytics Firm S&P Global Says India's GDP To Grow By 6.7% In Next Fiscal
India's economy is expected to grow 6.5% in the current financial year, driven mainly by domestic demand, recent tax cuts, and monetary policy easing. The data compiled by S&P Global Ratings also projected growth to rise to 6.7% in the next fiscal
-
How Will Americans Receive "$2,000 Tariff Dividend"? Team Trump Explains
The Donald Trump administration in the United States has addressed confusion surrounding the proposed $2,000 (approx. Rs 1,77,000) tariff dividend that the President announced in his recent social media post.
-
India Records Decade-High Navratri Sales As GST Cuts Fuel Consumer Boom
India's consumer economy has achieved its highest Navratri sales in over a decade, a surge attributed to the Modi government's NextGen GST reforms, which reduced tax rates and increased product accessibility.
-
Eiffel Tower Closed Due To Strikes Across France Against Austerity
Protesters took to the streets of more than 200 towns and cities across France to denounce spending cuts and demand higher taxes on the rich.
-
'50% Relief Borne By States': MK Stalin Slams PM Modi Over Delayed GST Cuts
Tamil Nadu Chief Minister MK Stalin on Monday took on Prime Minister Narendra Modi over the timing of the Goods and Services Tax (GST) cuts, accusing the Union government of denying states their rightful funds.
-
AC, TV Dealers See Spike In Sales On Day One As Lower GST Rate Takes Effect
As lower GST rates take effect on Monday, sales of air-conditioners, TV sets surged dramatically with buyers rushing to grab cheaper deals offered by retailers at the beginning of the Navratra festival.
-
In Arunachal Pradesh, PM Modi's Message On Swadeshi, GST
Prime Minister Narendra Modi interacted with traders and merchants of Arunachal Pradesh as the rationalized Goods and Services Tax came into effect across the country today.
-
GST 2.0 Tax Cuts Kick In, What You Need To Know: 10 Points
The Government's second major overhaul of the Goods and Services Tax (GST), referred to as "GST 2.0", comes into effect today, with a wide range of rate cuts.
-
After PM Modi's GST Utsav Call, M Kharge's "Band-Aid On Deep Wounds" Jab
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.
-
GST 2.0: Mother Dairy Decides To Pass "100% Tax Benefit", Slash Prices
The company said it is passing "100 per cent of the tax benefit to our patrons" as new GST reform comes into effect from September 22.
