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New Delhi: The taxable value of all supplies under GST surged by a robust 15 per cent during September-October this year, compared to the same period in 2024 due to sharp increase in consumption triggered by the tax rate cuts on goods across sectors that kicked in from September 22, according to official sources. The…
New Delhi: India’s retail inflation is expected to fall further in October, supported by a high base effect, easing food prices, and the full impact of recent GST reforms, a new report has said. The data compiled by Union Bank of India suggests that inflationary pressures will only rise gradually in the coming months. The…
Shoppers across India have received a welcome surprise ahead of the festive season. The Central Government has officially notified a major reduction in Goods and Services Tax (GST) rates, set to take effect from September 22, well before Diwali, making this Dussehra even more special for consumers. The key highlight of this revision is the…
New Delhi: Starting September 22, shopping bills across India may look a little different as the new Goods and Services Tax (GST) rates kick in. While the revised rates are expected to bring relief for consumers, they also come with a word of caution—buyers need to pay close attention when picking up packaged goods. Two…
The GST Council, led by Finance Minister Nirmala Sitharaman, has announced major tax cuts on popular electronic items. Starting September 22, the new 5 per cent and 18 per cent GST rates will apply to four key categories—air conditioners, televisions larger than 32 inches (including LED and LCD models), monitors and projectors, and dishwashing machines….
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 government has made a big change in the Goods and Services Tax (GST) structure. In its 56th meeting held on Wednesday, the GST Council, chaired by Finance Minister Nirmala Sitharaman, approved the rationalisation of tax rates. The 12 per cent and 28 per cent slabs have been scrapped, and now a two-tier…
Mumbai: The Federation of Automobile Dealers Association (FADA) has urged the government for faster implementation of the proposed GST rationalisation reforms. Even as the festive season is approaching, customers are delaying car purchases in expectation of a GST rate cut, and these delays could turn festive sales into a “whitewash” period, NDTV Profit reported, citing…
New Delhi: In a landmark move to simplify the Goods and Services Tax (GST) system, the Central Government has proposed eliminating the existing 12 percent and 28 percent GST slabs, retaining only 5percent and 18 percent, sources confirmed on Friday. According to officials, about 99 percent of items currently taxed at 12 percent will move…
Last Updated:August 15, 2025, 12:29 is Prime Minister Modi announced “next-generation GST reforms” by Diwali to ease the tax burden on households and small businesses. The GST Council will rationalise tax slabs. Prime Minister Narendra Modi during his 12th Independence Speech from the ramparts of the Red Fort. Next GST Council Meeting: On the ramparts…