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Last Updated:September 05, 2025, 19:15 is FM Nirmala Sitharaman to CNN-News18: “At one point in time, they call it Gabbar Singh Tax, another point in time saying, oh, this is fine, but it should have come earlier.” FM Nirmala Sitharaman spoke about how PM Modi had sought GST reforms eight months ago. (PTI File) Finance…
Last Updated:September 04, 2025, 00:16 is ‘Sin goods’ or ‘demerit goods’ are items deemed harmful to health or society and are taxed at the highest rate A special 40 percent slab has been proposed for a select few items such as high-end cars, tobacco and cigarettes. (Image for representation) The all-powerful GST Council on Wednesday…
GST tax rates on common use items ranging from hair oil to corn flakes, TVs, and personal health and life insurance policies were slashed after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax regime. The GST Council approved rate overhaul by limiting slabs to 5 per…
New Delhi: The Goods and Services Tax Council is stipulated to meet on September 3. In its meeting the GST Council is likely discuss ending the compensation cess by October 31, says an IANS news report. The GST compensation cess was set to end on March 31, 2026. Discussions, however, have started to conclude the…
Last Updated:August 20, 2025, 18:21 is The finance minister presents to GoMs from states the Centre’s blueprint for the next generation of GST reforms, describing it as a step towards making India Aatmanirbhar. Union Finance Minister Nirmala Sitharaman on Wednesday addresses the Group of Ministers (GoMs) constituted by the GST Council on Compensation Cess, Health…
Last Updated:August 17, 2025, 23:50 is PM Narendra Modi said the revised GST framework proposed by the Centre has been circulated among states. He sought their cooperation to implement the proposal before Diwali PM Narendra Modi had announced the proposal to reform the GST law during his Independence Day speech on August 15 from the…
From simplification to slab cuts: What to expect from upcoming GST Council meet? India may be heading for changes in its goods and services tax (GST) system since it was introduced eight years ago. The upcoming GST Council meeting, likely to be held in August 2025 after the monsoon session of Parliament, could bring key…