With the GST on key FMCG products slashed to 5% from September 22, the industry is preparing for a major transition. Companies are grappling with old stock printed with higher MRPs and are urging the government to allow sales at discounted prices to prevent waste worth over ₹2,000 crore. While...
The government’s decision to slash GST rates on key dairy products has been hailed as a landmark reform that promises benefits across the value chain. Effective September 22, 2025, the tax cut lowers consumer prices on essentials like butter, ghee, paneer, and cheese, while boosting farmer earnings and strengthening the...
In a landmark move, the Indian government, through the 56th GST Council meeting held on September 3, 2025, in New Delhi, has approved sweeping reforms to the Goods and Services Tax (GST) structure. Chaired by Hon’ble Union Finance Minister Smt. Nirmala Sitharaman, the council focused on simplifying the tax regime,...
India’s proposed GST 2.0 reforms seek to streamline the indirect tax system by merging slabs, lowering rates on consumer goods, and simplifying compliance. The reforms are expected to spur consumption, ease inflationary pressures, and strengthen India’s global competitiveness. Yet, consensus remains challenging due to the federal nature of GST, with...
The Group of Ministers (GoM) submitted its second report to address the taxation issues related to online gaming during the 50th GST Council meeting. Reviewing the report, GST Council has made the decision that online gaming, horse racing, and casinos will be subject to a tax rate of 28%. Online...
It is being hoped that India’s domestic civil aviation sector will show signs of a revival over the coming months. But given developments like the emergence of a new mutant of COVID-19 virus, is this really possible? The COVID-19 induced travel curbs since March 23, 2020, have significantly dented the...
IIM Bangalore’s Prof. Amar Sapra suggests that before implementing digitisation of the logistics network, companies should endeavour to maximise the benefits from traditional supply chain planning – planning production well, keeping the right level of safety stock, high fill rate, route optimization, etc. Also, the technology adoption should be consistent...
Prof. Sundaravalli Narayanaswami, IIM Ahmedabad, believes that India needs a national standard for smart and intelligent logistics – developed and commissioned through the state. Furthermore, the country should develop a good vendor base that can develop interoperable, cohesive and bespoke solutions as well as trained manpower to cater to the...
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