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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…
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…
The Union Government expects the new GST reforms to spur spending by making goods and services more affordable, leaving people with greater disposable income. Fille (representational image) The Goods and Services Tax (GST) is set for its most significant revamp since 2017. Beginning September 22, 2025, the country will adopt a simplified two-tier tax system….
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…
Read More “GST Council approves two-rate tax slab effective September 22” »
Image for representation only | Photo Credit: Getty Images/iStockphoto The Group of Ministers (GoM) on Rate Rationalisation, formed by the Goods and Services Tax (GST) Council, has decided to accept the Centre’s two-rate structure proposal for GST and will be recommending this to the GST Council, the chairperson of the GoM and Bihar Deputy Chief…
Read More “GoM on rate rationalisation approves Centre’s two-rate GST proposal” »