Getting GST 2.0 to run like a well-oiled machine
What will ensure the success of GST 2.0 is the bedrock of trust — between the government, industry and consumers Source link
Tag: GST reforms
Coal Ministry says GST reforms to address input tax credit anomalies, levels playing field for all coal variants
Image for representational purposes only. | Photo Credit: Reuters The Coal Ministry, in a statement issued on Monday (September 22, 2025), said that the reforms finalised at the 56th Council of the meeting, most of which came into force on September 22, would help rationalise tax burden across all grades of coal to ensure “equitable…
News GST rates LIVE: GST rate cuts set to kick in today; goods and services to be cheaper
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…
News GST rates LIVE: GST rate cuts set to kick in today; goods and services to be cheaper
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…
Soaps, powder, coffee, diapers, biscuits, ghee, oil to be cheaper as cos extend GST 2.0 benefits
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…
More than 75% of rural monthly expenditure will face nil or 5% rate under GST 2.0
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” »
Revised GST rates from September 22 has a West Bengal influence, says Union Finance Minister
Union Finance Minister Nirmala Sitharaman speaks about the new GST reforms at an event in Kolkata. | Photo Credit: Debasish Bhaduri Highlighting that the second generation GST reforms will boost the economy by increasing demand, Union Finance Minister Nirmala Sitharaman on Thursday (September 18, 2025) said that the determination of September 22 as the date…
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…
BJP highlights India’s economic transformation under PM Modi; welcomes GST reforms
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” »
GST reforms will boost consumption, economy: Finance Minister Sitharaman
Union Finance Minister Nirmala Sitharaman during an interview with PTI, in New Delhi, on September 7, 2025. | Photo Credit: PTI Finance Minister Nirmala Sitharaman has expressed confidence that revenue buoyancy driven by spurt in consumption will take care of the estimated GST shortfall of ₹48,000 crore following reduction in tax rates on a host…
Read More “GST reforms will boost consumption, economy: Finance Minister Sitharaman” »