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Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Gross GST collection increased 4.6% to about ₹1.96 lakh crore in October driven by festive buying spree despite a cut in GST rates. Goods and Services Tax (GST) rates on 375 items, including kitchen staples to electronics and automobiles, were slashed with effect from…
Read More “GST collections rise 4.6% to ₹1.96 lakh cr in October” »
Prices of kitchen staples to electronics, from medicines and equipment to automobiles, will get cheaper from Monday (September 22, 2025) as the reduced Goods and Services Tax (GST) rates on about 375 items come into effect. In a bonanza to consumers, the GST Council, comprising Centre and States, has decided to reduce tax rates on…
Prices of kitchen staples to electronics, from medicines and equipment to automobiles, will get cheaper from Monday (September 22, 2025) as the reduced Goods and Services Tax (GST) rates on about 375 items come into effect. In a bonanza to consumers, the GST Council, comprising Centre and States, has decided to reduce tax rates on…
Daily essentials and food products will be cheaper from Monday (September 22, 2025), as leading FMCG companies have slashed prices, extending GST cut benefits to consumers. The move is expected to lead to a spike in consumption and a surge in sales during the upcoming festival season, which starts with the Navratra celebrations. FMCG companies…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto More than 75% of the items rural Indians spend money on will face either a nil rate of Goods and Services Tax (GST) or 5% once the new rates come into effect on September 22, according to an analysis published by the Federation of…
Read More “More than 75% of rural monthly expenditure will face nil or 5% rate under GST 2.0” »
Syed Zafar Islam described GST as one of the most transformative reforms in independent India’s history, and noted that GST has even deeper impact than the landmark 1991 liberalisation scheme. File | Photo Credit: Getty Images “The Goods & Services Tax (GST) reforms will provide a major boost to India’s Micro, Small, and Medium Enterprises…
Read More “BJP highlights India’s economic transformation under PM Modi; welcomes GST reforms” »
Honda Motorcycle and Scooter India (HMSI) on Thursday (September 11, 2025) said price of its models up to 350 cc would come down by up to ₹18,800 with it passing on the GST rate cut benefit to customers. The company will pass on full benefits of the recent GST rate reduction to its customers across…
Read More “Honda’s GST rate cut benefit lowers two-wheeler prices up to 350cc by ₹18,800” »
On September 22, India will simplify its GST rates into two main slabs, 5% and 18%, with a special 40% bracket for “sinful” and ultra-luxury goods. Many everyday foods get cheaper. For example, pizza bread will drop from 5% to zero and a long list of sugar-based products, including sugar-boiled confectionery, chocolates, jams, and fruit…
At the 56th meeting of GST Council meeting, the current four-tier structure has been replaced with a two-tier one, with a standard rate of 18% and five per cent, and de-merit rate of 40% on selected few goods and services. | Photo Credit: Getty Images The State Bank of India (SBI) in its latest research…
Read More “GST reforms will cause ₹3,700 crore revenue loss to government: SBI report” »