Auto sales in January 2026 were at their highest since the festive season last year as the momentum brought on by GST rationalisation sustained for vehicles of all shapes and sizes. Auto sales in January 2026: A total of 27,22,558 vehicles were registered on the government’s VAHAN portal last month—up 17.61% over the year-ago period. […]
India’s medium-term growth trajectory can be lifted further through a new wave of structural reforms, Chief Economic Adviser V Anantha Nageswaran said, highlighting land, education, energy taxation and farm-sector changes as critical areas for pushing the economy towards a higher growth path. Speaking to ET Now following the release of the Economic Survey, Nageswaran said […]
Policy reforms such as the Real Estate (Regulation and Development) Act (RERA), Goods and Services Tax (GST), and the Housing for All mission have helped formalise the real estate sector. Backed by these measures, the sector entered a sustained upcycle from September 2021, reflected in improved sales driven by higher household savings being channelled into […]
Godrej Consumer Products Ltd. has guided for double-digit growth in October-December as disruptions brought on by GST reforms eased. Godrej Consumer Products retails FMCG goods, which have seen a reduction in GST rate to 5% as part of a rationalisation move in 2025. (Handout) “We remain confident of a gradual improvement in consumption over coming […]
India’s GST collections is showing a marginal improvement as the impact of GST 2.0 continued to weigh on domestic indirect-tax revenue. India’s net GST revenue, after accounting for refunds, rose 2.2% year-on-year to ₹1.45 lakh crore in December 2025. (Mint) Gross GST collection rose 6.1% to over ₹1.74 lakh crore in December 2025, as against […]
NEW DELHI: The government on Wednesday formally annulled the vestige of compensation cess on sin goods such as cigarettes and tobacco products from the Goods and Services Tax regime as decided by the 56th GST Council on September 3. The 56th GST Council decided to remove compensation cess in a phased manner until the remaining […]
In 2025, the GST Council implemented substantial tax cuts on construction materials: cement was reduced from 28% to 18%, bricks, tiles, and sand from 18% to 5%, paints and varnishes from 28% to 18%, and marble and granite blocks to 5%. Even modest reductions of 2–3% proved significant for middle-income homebuyers, especially when combined with […]
Surat-based Amit Rastogi booked an under-construction flat for ₹85 lakh. The developer levied GST at 5% on each installment, increasing the overall cost of the property. Since the value exceeded ₹50 lakh, Amit was also required to deduct 1% TDS on every payment and deposit it using Form 26QB. Before buying a property, homebuyers should […]
Union Home Minister Amit Shah, on December 19, said that the Real Estate (Regulation and Development) Act (RERA) has helped streamline the real estate sector, while also safeguarding the interests of homebuyers. Union Home Minister Amit Shah said on December 19 that RERA has helped streamline the real estate sector while safeguarding the interests of […]
The year 2025 has been favourable for real estate from a taxation perspective. Simplified capital gains rules and streamlined GST have brought greater clarity for homebuyers, prompting even fence-sitters to consider making a purchase. Here’s a closer look. Simplified capital gains rules and streamlined GST brought greater clarity for homebuyers in 2025, (Representational Image) (Pexels […]