Hyundai Motor India Rate Cuts: Hyundai Motor India has announced discounts across its product lineup in the country, effective September 22. The move follows the GST Council’s bumper cuts last week, roughly a fortnight after PM Narendra Modi’s promise of a “big Diwali gift” in the form of substantial price cuts on several items. The GST…
HDFC Life, SBI Life, ICICI Prudential Shares Today: Shares of insurance companies like HDFC Life, SBI Life, and ICICI Prudential were trading higher on Friday after the companies told that the recent GST changes would have little impact on their core business. This comes in the aftermath of GST Council’s 56th meeting on September 3,…
The GST Council’s 56th meeting has paved the way for a simplified tax regime with just two main slabs–5 per cent and 18 per cent– and a special 40 per cent rate exclusively reserved for “sin goods” and ultra-luxury items. Effective September 22, this marks a major overhaul after the removal of the Compensation Cess,…
Can Prime Minister Narendra Modi’s promised “substantial” cuts in goods and services tax (GST) come about sooner than anticipated until now? The GST Council — the top decision-making and GST rate-deciding panel chaired by the Finance Minister — is set to meet on September 3 and 4. This will be the 56th meeting of the…