Tag: GST rationalisation

To be or not to be: With GST tailwind, Monetary Policy Committee likely to hold rates 

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To be or not to be: With GST tailwind, Monetary Policy Committee likely to hold rates 

The three-day closed-door Monetary Policy Committee (MPC) meeting, which commenced on Monday (September 29, 2025), has raised hopes of a rate cut. The October policy comes within weeks of a cut in Goods and Services Tax (GST) and at a time when demand is likely to be created in the domestic market amid the…

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GST 2.0 is a gamechanger, boon for common man: Finance Minister Nirmala Sitharaman in Visakhapatnam

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GST 2.0 is a gamechanger, boon for common man: Finance Minister Nirmala Sitharaman in Visakhapatnam

Finance Minister Nirmala Sitharaman. File. | Photo Credit: Bijoy Ghosh Finance Minister Nirmala Sitharaman on Wednesday (September 17) said that the GST reforms will bring ₹2 lakh crore into the hands of the common man. Addressing a gathering in Visakhapatnam, Ms. Sitharaman added that the GST Council decision aims to reduce the tax burden on…

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GST Council approves two-rate tax slab effective September 22

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GST Council approves two-rate tax slab effective September 22

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

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

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

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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GST rationalisation: Tyre industry seeks lower GST rates

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GST rationalisation: Tyre industry seeks lower GST rates

Image used for representative purpose only. | Photo Credit: M. Periasamy Automotive Tyre Manufacturers Association (ATMA), a representative body of six large tyre companies in India accounting for over 90% of tyre production, has sought for lower GST rates in the proposed GST rate rationalisation exercise. At present, all major categories of automotive tyres attract…

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