Indian Rupee Recovers Early Losses on GST Reforms Optimism

Advertising sector demands GST reforms to cut friction and unlock liquidity

New Delhi: Prime Minister Narendra Modi’s recent announcement of new reforms under the Goods and Services Tax (GST) regime has sparked anticipation across industries, including advertising and marketing. The advertising sector currently falls under the 18% slab.  While GST, introduced in 2017, was designed to simplify India’s tax structure, the advertising sector has continued to grapple with multiple interpretations, delayed refunds, and comple…

Nathealth welcomes PM’s announcement on GST reforms; Calls for standardised GST at 5% and input credit for healthcare - Express Healthcare

NATHEALTH, an apex body representing the Indian healthcare industry, has welcomed Prime Minister Narendra Modi’s recent announcement on forthcoming GST reforms, calling it a timely opportunity to revisit the healthcare sector’s tax framework. NATHEALTH has recommended that GST input slabs for healthcare should be standardised at 5 per cent, and wherever GST output payments are applicable, providers should be permitted to claim input credit. Heal…

Indian Rupee recovers early losses on GST reforms optimism

The Indian Rupee (INR) bounces back against the US Dollar (USD) during late trading hours on Wednesday after a weak opening. The USD/INR falls back to near 87.10 on optimism that the announcement of Goods and Services Tax (GST) reforms by the Indian government will boost consumption.