Who will win big in PM Narendra Modi’s “big Diwali gift” of “next-generation GST reforms”? According to Zee Business research, in the country’s vast and highly competitive automobile space, companies like M&M, Maruti Suzuki, TVS Motor Company, Bajaj Auto, and Tata Motors are set to be the biggest beneficiaries. Tractor manufacturers such as Escorts Kubota and…
Zee Business Managing Editor Anil Singhvi lauded a mega tax cut package delivered by the GST Council on Wednesday, shortly after Finance Minister Nirmala Sitharaman announced tax relief on hundreds of consumption items to spur domestic demand in a rare 10 pm press conference in the national capital. At its 56th meeting, the Council —…
Late on Wednesday, the GST Council introduced a new 40 per cent special GST slab, after concluding a full day’s meeting. The new rate of 40 per cent — the highest under the indirect tax system launched in 2017 so far — targets sin and ultra-luxury goods, including pan masala, gutkha, cigarettes and other tobacco…