File photo: Union minister Piyush Goyal (Picture credit: ANI) Union commerce and industry minister Piyush Goyal has assured that the reduction in Goods and Services Tax (GST) rates will directly benefit the common man, with industries across sectors committing to pass on the gains.Speaking to news agency ANI, Goyal said, “We have received assurance from…
Representative Image (AI-generated) Life Insurance Council, a forum for stakeholders in the sector, has requested the GST Council and the finance ministry to reduce GST on agents’ commissions from 18% to zero. The request comes after GST on premiums and reinsurance were brought down to zero.The council feels that if agents’ commissions continue to attract…
Top stocks to buy (AI image) Stock market recommendations: According to Bajaj Broking Research, the top stock picks for September 5, 2025 are Adani Ports, and Jayaswal Neco Industries. Here’s its view on Nifty and Bank Nifty:Index View: NIFTYBenchmark Indices witnessed a recovery in the first half of the current week and formed a high…
The central government’s revenue loss from the recent GST rate cuts is projected to be only around Rs 3,700 crore in FY26, cushioned by stronger consumption and higher tax collections, according to a report by the State Bank of India (SBI).As per news agency ANI, the report noted that while the government, based on FY24…
While headwinds persist from continued FII outflows and uncertainty around the US trade deal, the recent GST reforms are expected to boost consumer demand. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Friday as the market continued to react positively to GST rate cute announcements….
BENGALURU: In a move to lower costs and remove longstanding ambiguities, the GST Council simplified the tax structure for unmanned aerial vehicles (UAVs). Commercial drones now attract 5% GST, while military drones, flight motion simulators, high-performance batteries and communication equipment, such as software-defined radios have been fully exempted. At the same time, GST on aircraft…
File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump on Thursday signed an executive order implementing tariff cuts under an agreement with Japan announced in July, lowering duties on Japanese automobile imports and formalising a $550 billion investment pledge.According to news agency Reuters, the order reduces the tariff on Japanese autos…
NEW DELHI: Prices of air conditioners, large-screen televisions and dishwashers will see reductions from Sept 22, with the industry expressing confidence of a consumption boost as well as higher penetration across the country.According to initial estimates prepared by industry analysts, AC prices will come down by around 8% as companies factor in the GST rate…
NEW DELHI: The GST Council has taken several decisions to ease the refund and registration process aimed at promoting ease of doing business and helping trade and industry.The Council simplified the GST registration scheme for small- and low-risk businesses.The Council has recommended introduction of optional simplified GST registration scheme, under which registration would be granted…
NEW DELHI: Flying comfortably will cost a little more in commercial airlines and a lot more on personal aircraft from Sept 22. GST on non-economy class – premium economy, business and first cabins – has been hiked from 12% to 18%. GST on economy class remains unchanged at 5%. Given the inelastic demand in the…
