Latest News, Updates & Breaking Headlines
GST 2.0 kicks in today: Prime Minister Narendra Modi-led NDA government’s next-generation GST reforms come into effect on Monday, September 22, marking the launch of GST 2.0. The GST 2.0 overhaul aims to simplify taxation and reduce the financial burden on households, businesses, and farmers, bringing relief just in time for the festive season. This…
NEW DELHI: On the eve of the month-long festival season, which begins with the first day of Navratri, PM Narendra Modi on Sunday made a strong pitch for people to take advantage of the “Bachat Utsav” (savings festival) starting Monday, when the next generation GST reforms roll out, helping reduce prices, lower compliance and accelerate…
NEW DELHI: Prime Minister Narendra Modi on Sunday hailed the new GST reforms scheduled to rolled out on September 22. In his address to the nation, the prime minister congratulated the nation on the “GST Bachat Utsav”, claiming that the country is taking an important step towards Aatmanirbhar Bharat.Over his more than ten years in…
A new Aadhaar-based framework has been rolled out for cooperative banks, paving the way for them to offer authentication and eKYC services that had long remained out of reach due to compliance and cost hurdles.Announcing the initiative at a workshop in New Delhi on Friday, Cooperation Ministry Secretary Ashish Kumar Bhutani said the move will…
Arunachal Pradesh has witnessed a dramatic rise in Goods and Services Tax (GST) collections, with revenue climbing over 700 per cent in six years to nearly Rs 1,900 crore in 2023-24 from just Rs 227 crore in 2017-18, Deputy Chief Minister Chowna Mein said on Friday.Speaking at a BJP programme on GST reforms in Namsai…
During the Outreach and Interaction Program on Next Gen GST Reforms, FM Sitharaman highlighted that post-tax reforms. (PTI photo) GST rate cuts impact: Finance Minister Nirmala Sitharaman on Wednesday said that GST rate cuts announced by the Modi government, effective September 22, will inject Rs 2 lakh crore into the economy.“With this new gen tax…
Insurers will no longer be able to claim input tax credit (ITC) on Goods and Services Tax (GST) paid on commissions and brokerage for individual health and life insurance policies from September 22, the Central Board of Indirect Taxes and Customs (CBIC) clarified on Tuesday. The move comes ahead of the implementation of the new…
MUMBAI/NEW DELHI: Welcoming SC’s order in Waqf Amendment Act, Union minister Kiren Rijiju said Monday the judgment has validated govt’s case for significant reforms in waqf laws, emphasising the amended Waqf Act remains fully operational.Rijiju who piloted the legislation in Parliament emphasised that govt in its affidavit said the Act had been drafted with due…
Union finance minister Nirmala Sitharaman speaking at a joint conclave of trade and industry associations in Chennai (Picture credit: PTI) Union finance minister Nirmala Sitharaman on Sunday described the latest Goods and Services Tax (GST) reforms as a huge victory for every Indian, saying they would ease the tax burden on citizens while giving a…
