The Indian government’s GST 2.0 came into force from Monday, marking a major change in the tax rates across good and services.
Tag: GST
Next-gen GST reforms to boost growth, ease business, says PM Modi
A day before reduced GST rates come into effect, Prime Minister Narendra Modi on Sunday, September 21, made a strong pitch for promoting ‘swadeshi’ goods and asserted that the next generation GST reforms will accelerate India’s growth story, increase ease of doing business and attract more investors. In his address to the nation, Modi said […]
Finance Minister Sitharaman opens up on GST 2.0, touching ‘lives of all 140 crore people’
Nearly 400 products – from soaps to cars, shampoos to tractors and air conditioners – will cost less when the rejig of the GST is effective from the first day of Navaratri on September 22. Premium paid on individual health and life insurance will be tax-free. A third rate of 40 percent has been earmarked for a small list of sin goods and ultra-luxury items.
Singapore: Infosys fined over SGD 97,000 by IRAS for GST lapse
The company acknowledged receipt of official communication regarding the penalty and clarified that the development does not have any material impact on its financials, operations, or overall activities.
