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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…
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” »
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” »
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” »
The GST Council’s decision to bring down the GST on individual life and health insurance policies from 18% to zero will make more families opt for medical cover, said analysts and industry executives. Insurance cover will ease burden on families when medical inflation is rising sharply and is unchecked, they said. However, they pointed out that…
Read More “Zero GST on insurance will increase coverage, says industry” »
While the goods and services tax (GST) rate cuts authorised by the GST Council on Wednesday (September 3, 2025) night brought cheer to the auto, insurance, consumer appliances, pharmaceuticals, and renewable energy sectors, among others, some of that was tinged with reproach. Some other industries are outright upset with the tax changes. GST Council meeting…
Representative image | Photo Credit: Getty images/iStockphoto The healthcare industry has welcomed the government’s move to reduce GST on medicines and medical devices, calling it a progressive reform that will directly benefit patients by lowering treatment costs, improving affordability, and expanding access to essential medical technologies. While healthcare services provided by doctors, hospitals, and diagnostic…
Representative image | Photo Credit: Getty Images/iStockphoto The airline industry has slammed the decision to raise GST on premium economy and business class air travel, which has been raised from 12% to 18% as “disappointing” “This increase runs counter to the efforts of Indian carriers, which have been investing in their premium products to enhance…
Read More “Increase in GST for premium air travel disappointing: IATA” »
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…
Read More “GST Council meeting LIVE: Industry bodies hail two-rate slab and other reforms” »
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…
Read More “FM Sitharaman addresses GoMs, explains the importance of the Centre’s GST proposals” »