Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Thursday, rallying strongly on the back of sweeping GST rate cuts announced by FM Nirmala Sitharaman.
56th GST Council Meeting LIVE Updates: GST rates on common use items ranging from hair oil to corn flakes, TVs, and personal health and life insurance policies have been slashed
Finance Minister Nirmala Sitharaman announces major GST rate cuts, simplifying slabs to 5 percent and 18 percent, while US tariffs on Indian goods threaten export growth.
Multiple brokerages have expressed positive outlooks for the consumer goods sector
Sensex and Nifty traded higher on Thursday as investors cheered the government’s sweeping Goods and Services Tax (GST) overhaul
The move aligns the place of supply with the recipient’s location, granting export status and benefits to IT, consulting, BPO, and digital service providers.
The changes in GST rates on services and goods other than cigarettes, chewing tobacco products like zarda, unmanufactured tobacco and beedi will be effective from September 22, as per recommendations of the GST Council in its 56th meeting.
Trading volumes reached 146.02 lakh shares worth ₹613.74 crore by 10:15 AM, with 66.24 per cent of traded quantity being deliverable trades
Vande Bharat is set to introduce its first-ever sleeper train, which will run from Delhi to Patna via Prayagraj in Uttar Pradesh before the festival of Diwali.
UHT milk, paneer, pizza bread, rotis, and khakhras will now have zero tax after GST 2.0, reduced from 5 per cent. Parathas and parottas, previously taxed at 18 per cent, are now in the nil bracket.
GST On Cars And Bikes: This is your last time to buy premium bikes and cars at 28% rate, before it increases to 40%; here's all you need to know about 56th GST meeting's outcome.
Industry expects spike in demand as aspirational appliances become more affordable in time for the festive season
The GST Council has clear confusion on popcorn tax. Now, the only distinction that remains is whether sugar is added (to attract 18% tax) or not (5%).
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