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September 4, 2025 5:30 PM
374
The IMC Chamber of Commerce and Industry has welcomed the Government’s recent decisions on rationalization of Goods and Services Tax (GST) rates. Mr. Arvind Bhansali, Chairman of IMC’s Indirect Taxation Committee, said the move to simplify GST slabs from four (5%, 12%, 18%, 28%) to two simplified ra...
September 4, 2025 11:44 AM
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The Confederation of All India Traders (CAIT) has termed the recent GST reforms and restructuring of tax rates as historic and revolutionary. It said that these reforms will not only benefit small traders, consumers, and India’s economy but will also simplify the tax structure and significantly boos...
September 4, 2025 8:04 AM
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Industry bodies have welcomed the next generation GST reforms, saying that the simplification of the tax set-up will help in ease of doing business. The Confederation of Indian Industry - CII said that the two rates of 5 per cent and 18 per cent will simplify refunds and MSME procedures. It also hai...
September 4, 2025 8:32 AM
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The GST Council has approved the rate rationalisation with a focus on the common man, labour-intensive industries, farmers and agriculture, health, and key drivers of the economy. Briefing the media in New Delhi last night, Finance Minister Nirmala Sitharaman said that the Goods and Services Tax on ...
September 4, 2025 7:52 AM
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Prime Minister Narendra Modi has hailed the next-generation reforms in GST announced by Finance Minister Nirmala Sitharaman. In a social media post, Mr. Modi said that the government has decided to cut GST rates, which will benefit the common man, farmers, MSMEs, middle-class, women and youth. He ad...
September 4, 2025 6:52 AM
362
Minister of State for Information and Broadcasting, Dr. L Murugan, has said that Prime Minister Narendra Modi had set the tone for the next generation reforms on the 79th Independence Day. He said that Mr. Modi had decided to give the benefit before the Diwali festival. Speaking about GST refor...
September 3, 2025 7:39 PM
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In the Indian bullion market, 24 Karat Gold was trading over half a per cent up at 1,06,800 rupees per 10 grams, and Silver was trading flat at 1,24,400 rupees per kilogram, a short while ago. At the Multi Commodity Exchange, gold for October contract was trading over half a per cent up at 1,06,341 ...
September 3, 2025 6:32 PM
352
In the Forex market, the rupee today appreciated by nine paise to close at 88 rupees and six paise against the US dollar amid positive domestic equities, softening of crude oil prices and weak US dollar index. The dollar index, which indicates US dollar's strength against a basket of six other leadi...
September 3, 2025 5:15 PM
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Benchmark domestic equity indices rose over half a per cent today. The markets had opened on a flat note and remained largely range-bound during intra-day trade. However, both the indices secured remarkable gains during last hour of trade. The Sensex gained 410 points, to close at 80 thousand and 56...
September 3, 2025 12:00 PM
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The 56th Meeting of the GST Council is underway in New Delhi. Union Finance Minister Nirmala Sitharaman is chairing the two-day meeting. The Council is expected to deliberate on India’s next-generation GST reforms, including rationalisation of tax rates and simplification of compliance. Finance Mini...
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Last Updated: 12th Oct 2026
