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Navratri, GST cuts spark festive shopping boom India witnessed an unprecedented rise in digital transactions as the Navratri festival season coincided with the biggest GST cuts on high-value consumer items. According to RBI data, total electronic payments soared to Rs 11.31 lakh crore on Monday, nearly 10 times the Rs 1.18 lakh crore recorded the…
MUMBAI: From all-night deliveries and hiring more delivery staff to AI-led inventory planning and additional storage facilities, online platforms and logistics companies are pulling out all stops to get you your new phone or that pair of jeans in evershrinking timeframes.Festive season has always been about demand rush but this time, the shopping list has…
NEW DELHI: Finance minister Nirmala Sitharaman on Wednesday said that outcome of GST Appellate Tribunal (GSTAT) must be straightforward with reduced legal frictions, greater simplicity, and should be proactively addressing delays in litigations to ensure better cash flow.“Until now, taxpayers had to navigate different product clarifications on various state interpretations, leading to delays and locked-up…
The GST reform will progressively deliver a positive impact on the Indian economy by enhancing ease of doing business, lowering retail prices and strengthening consumption growth drivers, according to an article in the Reserve Bank of India’s September Bulletin.The bulletin said global uncertainty remained elevated in the wake of US tariffs on major trading partners…
Union finance Minister Nirmala Sitharaman on Wednesday launched the Goods and Services Tax Appellate Tribunal (GSTAT), positioning it as a landmark reform aimed at clearing a massive backlog of tax disputes and strengthening trust between businesses and the administration. The tribunal will begin hearing cases from December, offering what she described as “a true symbol…
MUMBAI: For several small mom-and-pop stores across the country, passing on the benefits of the reduced GST cuts to the consumers immediately is becoming a challenge.For one, they have bought their stock from the distributors at the old rates and selling products to customers at lower rates would mean incurring losses, which many cannot afford….
Consumers who feel they have not received the benefit of the recent Goods and Services Tax (GST) rate cut can now raise complaints through multiple channels, the government said on Tuesday.A set of FAQs released by the Central Board of Indirect Taxes and Customs says that people can call the National Consumer Helpline (NCH) on…
The Central Board of Indirect Taxes and Customs (CBIC) is working on a mechanism to introduce a monetary limit for issuing GST demand notices, in a bid to reduce unnecessary disputes and avoid notices being issued on flimsy grounds, PTI reported citing a senior official on Tuesday.Shashank Priya, Member, CBIC, said the board will soon…
The Government is actively monitoring whether e-commerce platforms are passing on GST rate cut benefits on FMCG and daily essential items to consumers, officials said Tuesday.Following complaints that some online platforms have not fully reflected the reduced GST rates in their pricing, authorities have instructed field formations to track price changes closely. New GST Rates…
Tata Motors and Hyundai Motor India representative image The Indian automobile industry saw record-breaking Navratri 2025 car sales on Day 1, with Tata Motors, Hyundai Motor India, and pre-owned car platform CARS24 reporting good sales.The surge was driven by lower vehicle prices under next-generation GST 2.0 reforms which came into effect on Monday and strong…
