Category: Business

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GST Council meeting LIVE: Industry bodies hail two-rate slab and other reforms

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GST reforms to provide relief to families, ease compliance for businesses: India Inc India Inc on Thursday hailed the GST Council’s “forward-looking decisions” — moving to two rates of 5 per cent and 18 per cent from 22 September, simplifying refunds and MSME procedures, and exempting individual life and health insurance from the indirect tax…

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Daily working hours allowed to go up from 9 to 10 hours in Maharashtra’s private sector as State cabinet plans to amend laws

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Image for representation only | Photo Credit: Getty Images/iStock The Maharashtra cabinet on Wednesday (September 4, 2025) gave its approval to amend laws that will allow increasing the maximum daily working hours for private sector employees from the present nine to 10 hours. The move is aimed at attracting investments, generating employment and safeguarding workers’…

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Small cars, bikes up to 350 cc to get cheaper as GST reforms kick in

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The GST Council approved limiting slabs to 5% and 18% effective from September 22, the first day of Navaratri. Image for representation only. | Photo Credit: The Hindu Small cars and entry-level bikes are set to get cheaper as the GST Council on Wednesday (September 3, 2025) approved a complete overhaul of the tangled Goods…

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Govt sets up committee to examine tax, export clearance issues of manufacturing sector

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The Government has set up a committee to examine the tax and export clearance issues being faced by manufacturing units and suggest measures to further streamline the system amid high tariffs imposed by the U.S., an official has said. The Committee includes representatives from the Finance Ministry, Department for Promotion of Industry and Internal Trade…

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GST Council approves two-rate tax slab effective September 22

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The Goods and Services Tax (GST) Council, during its 56th meeting, decided to revamp the tax structure into a primarily two-rate system, as proposed by the Central government, Union Finance Minister Nirmala Sitharaman announced on Wednesday. She added that the decisions would come into effect from September 22 for most items. Only tobacco and tobacco-related…

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India, EFTA trade pact to come into force from October 1: Switzerland

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 The two sides signed the Trade and Economic Partnership Agreement (TEPA) on March 10, 2024. File. | Photo Credit: PTI The free trade agreement between India and four-European nation bloc EFTA, which will come into force from October 1, will have legally binding provisions on trade and sustainable development, Switzerland said on Wednesday (September 3,…

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GST Council meet: Jammu and Kashmir CM Abdullah seeks central support for terror-hit economy

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Highlighting the devastating impact of the Pahalgam terror attack on the economy of Jammu and Kashmir, Chief Minister Omar Abdullah on Wednesday (September 3, 2025) sought the Centre’s support to deal with the situation. The Union Territory (UT) was facing a severe fiscal crisis as its public revenues had “collapsed” in the aftermath of…

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GST Council begins key meeting to discuss Centre’s rate cut proposals

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Union Finance Minister Nirmala Sitharaman and Union Minister of State for Finance Pankaj Chaudhary, during the 56th meeting of the GST Council, in New Delhi on September 3, 2025. Several CM’s of States attend the meeting. | Photo Credit: ANI The Goods and Services Tax (GST) Council began its two-day meeting on Wednesday (September 3,…

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