Tag: gst rate cuts

GST rate cuts have been offset by ‘galloping’ inflation: Congress

September 21, 2026 admin

Congress general secretary in charge of communications, Jairam Ramesh. | Photo Credit: Shiv Kumar Pushpakar The Congress said on Monday (September 21, 2026) that the impact of GST rate cuts on a range of commodities was being eroded by “galloping inflation”, with prices of several consumer products returning to pre-cut levels within a year. Congress…

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GST reforms will cause ₹3,700 crore revenue loss to government: SBI report

September 5, 2025 admin

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…

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

September 4, 2025 admin

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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