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Last Updated:September 18, 2025, 13:49 is GST Council led by Nirmala Sitharaman unveils GST 2.0 with three-rate structure, and major rate cuts. Here are the latest FAQs on GST 2.0 notifications. GST 2.0 FAQs. The new GST changes are going to be effective September 22, 2025. The GST Council, led by Finance Minister Nirmala Sitharaman,…
New Delhi: Finance Minister Nirmala Sitharaman announced on Wednesday that the next-generation GST reforms are expected to inject Rs 2 lakh crore into the Indian economy, giving consumers more money in their pockets through lower taxes. She also noted that several companies are already passing on the benefits of the GST cut to customers ahead…
Last Updated:September 13, 2025, 13:03 is Hindustan Unilever Ltd reduces prices on Kissan Jam, Horlicks, Lux soap and Dove shampoo in line with the government’s decision to cut GST rates. Check latest rates. HUL said fresh stock carrying the revised maximum retail price (MRP) or higher grammage packs is being dispatched to markets. Hindustan Unilever…
New Delhi: The GST Council has approved major reforms to speed up refunds and ease compliance for businesses. According to Sanjay Kumar Agarwal, Chairman of the Central Board of Indirect Taxes and Customs (CBIC), identified and risk-evaluated taxpayers will now be able to receive GST refunds within seven days—without any officer’s intervention. Speaking to IANS,…
New Delhi: Consumption in India is set to receive a major boost of nearly Rs 1 lakh crore from September onwards, driven by the recent Goods and Services Tax (GST) rationalisation, according to a Bank of Baroda report. The bank estimates a net gain to consumption of Rs 0.7–1 lakh crore—equivalent to about 0.2–0.3 percent…
New Delhi: The recent reduction and rationalisation of Goods and Services Tax (GST) slabs — bringing them down to two and exempting certain categories, including health and life insurance premiums — had been under discussion for nearly 18 months, Union Finance Minister Nirmala Sitharaman said at an NDTV summit on Tuesday. Sitharaman stressed that the…
New Delhi: India Inc revenue will likely grow 6-7 per cent this fiscal because of the reduction in the goods and services tax (GST) rates, as per Crisil Intelligence’s latest report. However, the anti-profiteering rule in the GST system may prevent companies from seeing a major increase in profit margins, the report added. …
New Delhi: Starting 22nd September 2025, GST on individual life and health insurance policies will no longer apply, marking a major relief for millions of policyholders across the country. This move is set to reduce the cost burden of essential coverage and expand access to financial protection. The exemption covers a wide range of products,…
Last Updated:September 04, 2025, 08:34 is GST rate cut on groceries, medicines, restaurant meals, hotel stays and flights could ease monthly budget pressures for Indian households From your kitchen staples to bathroom essentials, the GST Council has slashed rates on a wide range of daily use products. India’s indirect tax system is undergoing its biggest…
New Delhi: The upcoming changes to the Goods and Services Tax (GST), likely to be announced on Thursday, should trigger a decisive, consumption-led turn in India’s growth cycle, a report said on Wednesday. This adds to earlier stimulus measures like welfare spending and monetary easing, and has secondary benefits like formalisation. According to Emkay Global…