This news post details how Gopal Snacks, a prominent Rajkot-based snack manufacturer, is preparing for stronger growth this year. The company’s strategy is driven by two key factors: a recent GST rate cut and a significant expansion into new markets. The reduction in the Goods and Services Tax (GST) from 12% to 5% is a … Read more
Before the recent GST rate cut, the fertilizer industry in India was facing a major hurdle: a tax imbalance known as an inverted duty structure. Here’s a breakdown of the problem and how the new changes have provided a lifeline to manufacturers. The Problem: Tax Disparity and Working Capital Blockage Previously, fertilizer companies had to … Read more
Proposed GST Cut Could Drop Small Car Prices by 8% A new report by HSBC suggests that if the Goods and Services Tax (GST) on smaller cars is reduced from 28% to 18%, consumers in India could see car prices drop by about 8%. This potential change is part of a broader recommendation to reform … Read more
