In a conversation with ET Now, Poonam Upadhyay, Director, Crisil Ratings highlighted that the latest GST rate cuts are set to significantly benefit organized apparel retailers, particularly as the festive and wedding seasons drive spending to peak levels. “This report is largely focusing on the apparel retailers. The growth will differ across different sectors. But…
Finance Minister Nirmala Sitharaman on Wednesday urged farmers to make full use of central government schemes to boost productivity and income, while highlighting the impact of recent GST rate cuts and new rural initiatives announced in the Union Budget. According to information shared by the Finance Minister’s Office on X, Sitharaman was speaking after inaugurating…
The Goods and Services Tax (GST) portal has opened for annual return filing for the financial year 2024-25. With the system now live, taxpayers can begin submitting Form GSTR-9, which captures details of sales, purchases and tax payments made during the year. Larger businesses are also required to file Form GSTR-9C, a reconciliation statement that…
The digital transformation in India’s financial sector is enabling faster and broader access to credit, particularly for small and medium enterprises (SMEs), stated State Bank of India (SBI) Chairman CS Shetty at the Global Fintech Fest 2025 on Wednesday. “Today, I am very proud to say that an SME customer with a loan requirement of up…
This Navratri, India’s festive economy touched new highs, marking its strongest festive sales in more than 10 years, fueled by strong festive demand and the Modi government’s recent GST reforms. It cut tax rates across essential and aspirational goods, making products more affordable and fueling consumer demand. From cars and SUVs to home appliances and…
GST Data October 2025: Collection rises 9% YoY to 1.89 Lk Cr Source link