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Tag: GST Reforms

Festive Expectations on Retail Sales
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Festive Expectations Drive Strong Momentum In Retail Sales

Retail sales in July 2025 registered an 8% year-on-year growth, sustaining the third consecutive month of steady momentum in the 7–8% range. This marks a clear improvement compared to the slower 3–5% growth seen in the early part of the year. The numbers indicate that consumer confidence is gradually returning, with households beginning to spend […]

Next-Generation GST Reforms Boosts India’s Textiles sector
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Next-Generation GST Reforms Boosts India’s Textiles sector

The textiles industry warmly welcomes the recommendations of the 56th Meeting of the GST Council held in New Delhi on 3rd September 2025, in pursuance of the Next-Generation GST reforms announced by Hon’ble Prime Minister Narendra Modi on 15th August 2025, describing them as a citizen-centric and strategic evolution of India’s tax framework. In the true spirit […]

CMAI & RAI Share Their Views on Proposed GST Reforms
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CMAI & RAI Share Their Views on Proposed GST Reforms

Rahul Mehta, Chief Mentor of the Clothing Manufacturers Association of India (CMAI), shared his views on the proposed GST reforms – Based on media reports, we understand that the objective of the GST reforms is to reduce the number of slabs, thereby bringing ease in operating GST and making products for mass consumption cheaper by placing them […]

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