Tag: GST reforms

FM Sitharaman addresses GoMs, explains the importance of the Centre’s GST proposals

August 20, 2025 admin

Union Finance Minister Nirmala Sitharaman. File. | Photo Credit: PTI Union Finance Minister Nirmala Sitharaman on Wednesday (August 20, 2025) addressed the three Groups of Ministers set up by the Goods and Services Tax (GST) Council to emphasise the importance of the Centre’s proposed reforms to the GST system, including the rate rationalisation efforts. The…

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Sensex jumps over 1,000 points, Nifty tops 24,953.50 level buoyed by proposed GST reforms

August 18, 2025 admin

A view of the Bombay Stock Exchange in Mumbai. | Photo Credit: PTI Benchmark indices Sensex and Nifty surged in early trade on Monday (August 18, 2025), buoyed by plans for big bang reforms in the GST regime by Diwali and S&P upgrading India’s sovereign credit rating. Auto, consumer discretionary and consumer durables stocks propelled…

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Major GST shake-up: 12% and 28% slabs to be axed

August 15, 2025 admin

The Centre has proposed to reduce the number of slabs under the Goods and Services Tax system, retaining the 5% and 18% slabs, while introducing a lower concessional rate below 1% and a high “sin rate” of 40% on just five to seven items each, according to official sources. This would entail entirely doing away…

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