GST Archives - Page 2 of 4

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 18, 2025 9:18 PM

GST rate cuts on 11 Bengal-specific items will boost state’s economy: Sitharaman

Union Finance Minister Nirmala Sitharaman on Thursday said that while citizens across the country would benefit from the GST rate cuts, 11 Bengal-specific items had been brought under the 5 per cent tax slab to support the state’s economy and its p...

September 11, 2025 3:51 PM

GST reforms in mining sector to boost housing and small enterprises

The 56th meeting of the GST Council, chaired by Union Finance and Corporate Affairs Minister Nirmala Sitharaman, has approved a series of tax rate changes aimed at easing costs for households, boosting the housing sector, and supporting small-scale e...

September 10, 2025 1:22 PM

GST rate cut to spur credit growth of banks, NBFCs: Report

The incremental credit flow of banks is expected to rise to Rs.19-20.5 lakh crore in FY2026 from Rs.18 lakh crore in FY2025 which represents a year-on-year (YoY) growth of 10.4-11.3 per cent for banks in the current financial year compared to 10.9 pe...

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...