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New Delhi: Reduction in the Goods and Services Tax for room air conditioners (RAC) is set to lower consumer prices up to Rs 3,000, beyond the anticipated cost increase from new energy efficiency norms, a report said on Thursday. The GST reduction on sub-2-tonne RACs is likely to bring down prices by approximately 6–8 per…
New Delhi: From 22 September 2025, revised GST rates on several goods and services have come into effect, based on the GST Council’s decisions. The changes aim to simplify rates, remove anomalies, and make the system easier for both businesses and consumers. The GST reform includes a historic reduction in taxes on over 390 items….
New Delhi: The new Goods and Services Tax (GST) regime with sweeping tax reforms are coming into effect today. The GST 2.0 which was approved by the GST Council earlier this month will now be segregated into a simplified two-tier tax system replacing the previous four-slab system. This will lead to rate revision of over…
New Delhi: The Department of Consumer Affairs has taken steps to align the National Consumer Helpline (NCH) with the Next-Gen GST Reforms 2025 approved during the 56th meeting of the GST Council. To address the expected consumer queries and complaints on NCH following the implementation of revised GST charges, rates and exemptions effective from 22 September 2025, a dedicated category has…
Last Updated:September 21, 2025, 18:05 is Prime Minister Narendra Modi said GST 2.0 will ease business, boost investment, and help people save Rs 2.5 lakh with combined GST and Income tax cuts PM Modi said the GST reforms would boost the ease of doing business in the country. (PTI File) Prime Minister Narendra Modiwhile addressing…
Last Updated:September 21, 2025, 09:09 is GST 2.0 Effective Date: GST reforms led by Nirmala Sitharaman start September 22, merging slabs to 5 percent, 18 percent, and 40 percent for sin goods. New rates of GST 2.0 will become effective from tomorrow, September 21. GST Reforms 2025 List: Goods and Services Tax (GST) reforms are…
New Delhi: The Finance Ministry on Tuesday issued a list of frequently asked questions (FAQs) to provide a more detailed explanation on the tax rate cuts that have been announced as part of the GST 2.0 reforms. Q1. Is it required to recall and re-label MRP on medicines already in the supply chain before 22nd…
New Delhi: In good news for consumers, milk has become cheaper by Rs 2/litre as Mother Dairy announced slashing of prices. This comes close on the heels of next-generation reforms in the Goods and Services Tax (GST). The reduced prices will come into effect in a week’s time from now, preferably September 22, by when…
Last Updated:September 14, 2025, 16:04 is Nirmala Sitharaman announces major GST reforms in Chennai, reducing most goods to 5 percent slab from September 22, aiming to boost consumption and ease living for Rising Bharat. The GST rationalisation will boost consumption in the country and push investments, says Finance Minister Nirmala Sitharaman. Finance Minister Nirmala Sitharaman…
New Delhi: Under the new rates, Marble and travertine blocks and Granite Blocks will now attract GST rate of 5% compared to the earlier rate of 12%. This reduction in GST rates will benefit the housing sector as these marble and granite are used largely in housing industry. Granite and marble extraction are happening in…