ConsumerBenefits

GST Reforms to Transform India’s Economy, Says Piyush Goyal

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GST Reforms to Transform India’s Economy, Says Piyush Goyal

GST Reforms Set to Transform India’s Economy, Boost Products, and Benefit Consumers: Piyush Goyal The Indian government’s recent GST reforms will provide a “tremendous and unprecedented boost” to the economy by increasing consumption and creating a win-win situation for both businesses and consumers, said Union Minister of Commerce and Industry Piyush Goyal. Speaking at the … Read more

The New GST Regime: How Inverted Duty Structure Fixes Will Lower Your Bills

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The New GST Regime: How Inverted Duty Structure Fixes Will Lower Your Bills

The upcoming new GST regime aims to correct inverted duty structures and prevent the pile-up of Input Tax Credit (ITC), which can lead to lower prices and better quality for consumers. What is an Inverted Duty Structure? An inverted duty structure happens when the tax rate on inputs (raw materials) is higher than the tax … Read more