GST Archives - DD India

September 4, 2025 6:38 PM

GST rationalization brings most dairy products to nil or 5% rate

In a move to support India’s dairy sector, the 56th GST Council on Wednesday approved a rationalization of GST rates on milk and milk products. Under the new structure, which will take effect from September 22, most dairy items are now either exemp...

September 4, 2025 4:04 PM

Piyush Goyal urges India Inc. to pass on entire GST rate cut to consumers

Union Commerce and Industry Minister Piyush Goyal on Thursday called on India Inc. to ensure that the full benefit of the recent GST rate cut is passed on to consumers, saying it would boost demand and drive economic growth. Speaking at the Bhar...

September 4, 2025 3:40 PM

GST reforms can further lower inflation, allow RBI to cut repo rate by another 25 bps this year

The recent GST tax rate cuts can help lower inflation if companies pass on the benefits to consumers, potentially allowing the Reserve Bank of India (RBI) to reduce the repo rate by another 25 basis points in the fourth quarter of this year, an HSBC ...

September 4, 2025 8:53 AM

Next-gen GST reforms: Health, life insurance made tax-free, several medical essentials made cheaper

The landmark next-generation GST reforms that were announced on Wednesday include significant relief to citizens in the healthcare and insurance sectors. One of the biggest announcements is the complete removal of GST on individual health and life in...

September 4, 2025 8:45 AM

‘Will boost economic growth, support India’s vision of Atmanirbhar Bharat’: Hardeep Puri lauds GST reforms

Lauding the Centre's landmark decision to slash and rationalise GST rates, Union Minister Hardeep Puri on Thursday said that these changes will boost economic growth and further support India's vision of 'Atmanirbhar Bharat'. In a post on X, the Uni...

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 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...

August 1, 2025 6:24 PM

GST collections rise 7.5% in July to Rs 1.96 lakh crore

India’s Goods and Services Tax (GST) collections rose to Rs 1.96 lakh crore in July, up 7.5 per cent from the same month of the previous year, according to government data released on Friday. The increase was driven by higher revenue from both dom...

July 22, 2025 10:59 AM

GST at Eight Years: Report Highlights Growth in Revenue and growing Women’s Inclusion in Formal Economy

There are over 1.52 crore active Goods and Services Tax (GST) registrations and one-fifth of registered GST taxpayers in India now have at least one woman, and 14 per cent of registered taxpayers have all female members (on the basis of the constitut...

January 24, 2025 9:33 PM

Natural gas, aviation fuel likely to come under GST: Hardeep Puri

Union Petroleum and Natural Gas Minister Hardeep Puri stated on Friday that there is an increasing consensus on bringing natural gas under the Goods and Services Tax (GST) regime. However, he refrained from specifying a timeline for this development....