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The all-powerful GST Council at its meeting in Chandigarh this week is likely to make changes in goods and services tax (GST) rates on a handful of items and may go with the officers panel's recommendations to maintain status quo in…

Sales of stationery products, packaged snacks, confectionery, and shoes have picked up this month with students returning to school and college campuses — many after a gap of more than two years — in most states. Physical reopening of…

The GST department may soon issue a host of clarification on certain vexed issues in tax rates, including exemptions to assisted reproductive technology (ART) or in vitro fertilization (IVF) as well as applicability of GST on payment of…

High inflation that has impacted FMCG industry growth continues to remain a key challenge in the near term, with continued geopolitical tensions and extended global supply chain disruptions posing “key downside risks” for the year ahead,…

Advancing monsoon and decline in rain deficiency over the past one week will help accelerate revival of rural demand, fast-moving consumer goods (FMCG) industry executives and analysts have said. "It's clear that the good monsoon trend…

The BSE Sensex lost about 3,000 points to close at 51,360, whereas the Nifty50 index plunged close to 990 points to settle below the 15,300 mark during the week. Both indices are a little shy of entering the bear zone. According to the…

A panel of state ministers on GST rate rationalisation on Friday failed to reach a consensus as some members opposed changes to tax slabs and rates, sources said. The Group of Ministers will, however, present a status report to the GST…

The panel of ministers on GST rate rationalisation is scheduled to meet on June 17 to discuss possible tweaking in tax rates, sources said. The Group of Ministers (GoM) is likely to discuss possible changes in the tax slab, they said,…

Nearly two-thirds of the fast-moving consumer goods segment, including biscuits, snacks, shampoo and bottled soft drinks, expanded by double-digit percentage in volumes in the February-April period. Yet, the overall market fell 1% year…