Goods and Services Tax Archives

September 26, 2025 4:25 PM

GST 2.0 a ‘positive tsunami’ for auto industry: Maruti Suzuki

Maruti Suzuki India Ltd (MSIL), the country’s largest passenger vehicle manufacturer, has hailed GST 2.0 as a “positive tsunami” for the auto industry. In an interview with ANI, Partho Banerjee, Senior Executive Officer, Marketing & Sales,...

September 22, 2025 7:43 PM

GST Bachat Utsav: PM Modi urges citizens to support swadeshi products in letter to nation

Prime Minister Narendra Modi on Monday extended festive greetings to the nation as Navaratri began, while also urging citizens to support locally made products and celebrate the launch of the “GST Bachat Utsav” (GST Savings Festival). In a lette...

September 22, 2025 3:46 PM

GST reforms to boost India’s GDP by 0.8%, benefit all sections of society: Hardeep Singh Puri

Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Monday said that the implementation of the new Goods and Services Tax (GST) reforms will not only bring immediate relief to consumers but also boost India’s gross domestic product (GDP)...

September 22, 2025 10:29 AM

GST 2.0 takes effect today, major tax reforms to ease prices for consumers

The Government of India on Monday implemented a major overhaul of the Goods and Services Tax (GST) regime, introducing a simplified two-tier tax system and revised rates for over 375 items, aimed at easing prices for consumers across the country. Un...

September 19, 2025 1:47 PM

GST 2.0 to enhance ease of living, doing business: PM Modi

Prime Minister Narendra Modi on Friday said that the latest Goods and Services Tax (GST) reforms are not just technical adjustments but bold steps aimed at improving the ease of living, ease of doing business, and ease of investing in India. “By l...

September 19, 2025 9:59 AM

GST reduction on drones to encourage wider adoption, boost domestic manufacturing

The government's move to slash the Goods and Services Tax (GST) on unmanned aircraft systems (drones) from the earlier 18–28 percent range to a uniform 5 percent, is expected to accelerate drone adoption across sectors and boost domestic manufactur...

September 12, 2025 1:42 PM

Affordable Vehicles, Stronger Industry: India’s New GST Reforms in Automobiles

India has just implemented a comprehensive set of Goods and Services Tax (GST) reforms targeted specifically at the automobile sector, a move that aims to make vehicles more affordable, support Micro, Small & Medium Enterprises (MSMEs), boost dem...

September 1, 2025 5:04 PM

GST collections rise 6.5% in August to Rs 1.86 lakh crore

India’s Goods and Services Tax (GST) collections rose by 6.5% year-on-year to ₹1.86 lakh crore in August 2025, according to government data released on Monday. This marks the eighth consecutive month that revenues have remained above the ₹1.8 l...

August 18, 2025 1:23 PM

GST overhaul, policy easing to boost consumption, domestic demand in India: Morgan Stanley

A likely overhaul of Goods and Services Tax (GST) rates, coupled with support from other measures such as personal income tax cuts, monetary policy easing, signs of pickup in job growth and improving real wages, improves the outlook for consumption a...

August 15, 2025 9:00 AM

PM Modi promises GST overhaul ahead of Diwali; says the review is need of the hour

Prime Minister Narendra Modi, in a bold Independence Day declaration, announced the formation of a high-level task force to spearhead next-generation reforms across governance, taxation, and public service delivery. Addressing the nation from the Re...