FMCG Strategy Post-GST: Quantity Hike Over Price Cut, Amidst Ambiguity The article discusses the strategy adopted by Fast-Moving Consumer Goods (FMCG) companies following the GST 2.0 rate rationalization: increasing the product quantity (grammage) in smaller packs rather than reducing the Maximum Retail Price (MRP). However, this strategy faces legal ambiguity. The FMCG Strategy: Quantity… Read More »
Government Must Look Beyond GST to Deepen Insurance Penetration: IBA-I The Insurance Brokers Association of India (IBA-I) has urged the government to implement additional reforms beyond the recent GST rate rationalization to truly expand and deepen insurance penetration across the country. IBA-I’s Core Argument Limited Impact of GST Cuts: While the removal of GST on… Read More »
Pharma Market Grows Despite Distributor Hesitation Post-GST Revision The Indian Pharmaceutical Market (IPM) recorded robust growth in September, even as a section of distributors temporarily curtailed purchases following the government’s GST rate revisions. Key Growth and Market Dynamics Overall Market Growth: The Indian Pharma Market registered a growth of 7.3% in September 2025. GST Impact… Read More »
Festive Boost: Nuts and Dried Fruits Consumption Expected to Rise After GST Cut to 5% The consumption of nuts and dried fruits is anticipated to surge during the current festival season following the government’s decision to cut the Goods and Services Tax (GST) rate on these items from 12% to 5%. Key Impact and Benefits… Read More »
Multi-line Insurers See Muted Growth Post-GST Waiver on Health Policies The article reports that multi-line general and health insurance companies have recorded subdued or muted growth following the government’s major GST rate rationalization, which included an exemption on individual life and health insurance premiums. Reasons for Muted Growth Impact on New Business: While the GST… Read More »
GST Cuts May Not Significantly Boost Urban Festive Spending: Ambit Report A report by Ambit suggests that festive season spending this year is expected to be subdued in urban regions and may not receive a substantial boost from the recent GST rate cuts. Reasons for Sluggish Urban Demand Stagnant Disposable Income: The primary… Read More »
Manipur GST Ordinance Notified: Second Amendment of 2025 The government has formally notified the Manipur Goods and Services Tax (Second Amendment) Ordinance, 2025. Key Details Enactment: The Ordinance has been notified to introduce amendments to the Manipur Goods and Services Tax (GST) Act, 2017. Purpose: These amendments align the state’s GST law with changes… Read More »
57th GST Council Meeting: Focus Shifts to Compliance and Procedural Easing The upcoming 57th GST Council meeting is expected to shift its focus from major tax rate changes (after the GST 2.0 rationalization) to easing compliance burdens and implementing procedural reforms for businesses. Key Areas Expected to be Addressed Simplifying Compliance for Taxpayers:… Read More »
GST Rate Cuts: Empowering Kerala’s Economy from Spices to Seafood The recent GST reforms, which include substantial rate reductions (mostly from 18% or 12% down to 5%) across key products, are designed to boost Kerala’s traditional economy by improving affordability, enhancing export competitiveness, and strengthening local livelihoods. Key Sectoral Gains from Tax Rationalization Plantation… Read More »
Section 74 of the CGST Act requires proof of fraud, not just suspicion based on a supplier’s actions or unverified intelligence reports. Issue Can the GST authorities validly invoke the harsh provisions of Section 74 of the CGST Act, 2017, and deny Input Tax Credit (ITC) based on an unverified intelligence report and the subsequent… Read More »