GoM Proposes Early Phase-Out Of Compensation Cess

The ministerial panel recommended to end compensation cess by Oct. 31, sources said.

BMI, a Fitch Solutions company, said India is likely to remain one of the fastest-growing emerging market economies in Asia through this decade.

Jefferies has upgraded Hero MotoCorp to 'Hold' from Underperform while it retained Underperform on Hyundai India Ltd. and Tata Motors Ltd.

High-margin goods like gold, tobacco, and alcohol are heavily taxed, creating strong incentives for smuggling and tax evasion.

Chairman and Managing Director Kuldip Singh explained that the company’s aftermarket business, which contributes around Rs 400 crore in revenue, will benefit significantly from the GST rate reduction.

Agriculture and dairy should remain protected sectors in India to safeguard interests of small farmers and entrepreneurs, says Jayant Krishna of the Centre for Strategic and International Studies.

In a separate statement, the Association of Indian Medical Device Industry sought retaining of 12% GST for majority of consumables and 5% rate on costly equipment.

In a major GST rate rationalisation move, a proposal to exempt health insurance and a bulk of goods from GST is expected to come up when the GST Council meets early next month.

Over the past six months, the Finance Ministry has been quietly working behind the scenes, holding several internal meetings and reviewing GST rates item by item.

The GST Council that comprises of the Centre and states will take a collective decision on the proposal to cut tax slabs.

This is a major breather, especially for the AC segment as the sales were impacted by early onset of monsoon, said Nilesh Gupta, director of Vijay Sales.

Eternal, which comprises four major businesses -- Zomato, Blinkit, District, and Hyperpure -- said it will file appeals against the tax demand orders.

Cement Stocks: Analysts at Nomura see the GST cut as structurally positive for the industry, as it would make premium and Category A products more affordable for customers

The GST Council is expected to meet on Sep 3rd-4th, 2025 to finalize the new rate structure, If finalised, the new rates can be notified in a few days.