The manufacturer of auto parts anticipates that the 2025 GST reform would encourage development in tractors and two-wheelers, which account for 40% of its sales. Due to the 2025 GST revisions, the car component industry in India is anticipating a resurgence in demand, and NRB Bearings thinks it is in a prime position to benefit. … Read more
Given that families are undoubtedly spending more and updating more often, the industry predicts that this festival will be among the most promising in recent years for the consumer electronics and home appliances sector. Festive sales are starting to show the effects of the lower GST rates on consumer durables, with merchants seeing a rise … Read more
Introduced in 2017, the most recent version of the GST reduces the number of slabs to just two: 5 percent and 18 percent. With the goal of lowering the cost of everyday necessities and enhancing corporate compliance, the updated goods and services tax (GST) regime, which went into effect on September 22, drastically restructures India’s … Read more
Under the new regulations, developers are now recalculating their project budgets and tax obligations. According to experts, this involves evaluating the impact of input tax credits and updated rates on total cost structures. GST Impact on Housing The implementation of the new Goods and Services Tax (GST) system on September 22 has raised hopes for … Read more
Following multiple quarters of muted urban demand due to increasing inflation, the current holiday season is critical for FMCG companies. Festive Demand Surge Expected With India’s tier 2 and tier 3 cities emerging as the hub of seasonal spending, fast-moving consumer goods (FMCG), e-commerce, and rapid commerce enterprises are expecting a boost in demand as … Read more
IDFC FIRST Bank offers Network18 Reforms Reloaded in order to unravel the change and its effects on final customers and conglomerates in general. In eight years, India is preparing for its first major revision of the Goods and Services Tax (GST). GST Reform Impact Analysis This is a significant move that might alter how companies … Read more
The Finance Minister said that GST 2.0 would have quicker refund procedures as part of the upcoming indirect tax changes. 90% of refunds would be issued automatically under GST 2.0, according to Nirmala Sitharaman. GST reform progress update While the government opposes having many GST slabs, India is not yet prepared to implement a single-rate … Read more
As consumers expecting GST reductions, India’s passenger car sales dropped 9% to 3.2 lakh units in August 2025, according to Siam. Scooters drove a 7% increase in two-wheeler sales to 18.3 lakh units, while three-wheelers saw record August deliveries. Sales may rebound from the fall in the GST rate due to festive demand. Manufacturers sent … Read more
Meity’s proposed incentives include an asset-based GST input tax credit. As long as data center developers satisfy goals for capacity expansion, efficient electricity use, and job creation, the government has suggested a 20-year tax exemption. A new draft of the National Data Center Policy that Business Standard has reviewed and sent to stakeholders for input … Read more
The NDA administration has devised a plan to distribute the advantages of the GST to the general populace ahead of the next assembly elections in Bihar. In order to help women, farmers, young people, and the elderly, the lower tariffs will be in effect starting with Navratri. Vehicles, ordinary goods, and agricultural equipment now have … Read more