New Delhi [India], September 26: In a significant move aimed at boosting the automobile sector, the Government of India has recently announced a reduction in Goods and Services Tax (GST) rates across various vehicle categories. This change is expected to make vehicles more affordable, especi
India's Goods and Services Tax (GST) 2.0, has been hailed as a "GST booster shot" for consumption-led growth, with major reliefs announced for sectors including FMCG, MSME, textiles, automobiles, healthcare, insurance, electronics and construction, noted a report by the Union Bank of India.
"After the new changes, families will be able to save a lot of money. There will be a tax reduction on daily-use items, which will help the customers and shopkeepers. PM Modi has also appealed to adopt 'Swadeshi' products. We should use products made in India in our daily lives and also duri
"On registration, we have gone to and fro. Earlier, we had a very simplified system, and because of its misuse, we made it tighter again. However, there have now been complaints from small traders, particularly small operators. We are rolling out a new scheme from November 1, 2025," the Spec
Chhattisgarh Chief Minister Vishnu Deo Sai on Monday welcomed the newly implemented Goods and Services Tax (GST) reforms, stating that the changes will benefit all sections of society by reducing prices on essential items and improving economic accessibility.
The Government has announced major changes in Goods and Services Tax (GST) rates to make tourism more affordable, strengthen public transport, and provide relief to artisans.
While the government hails it as a landmark reform, the Opposition criticises it as inadequate and a "historic blunder" being corrected after eight years.
The reform in the Goods and Services Tax structure, which was approved during the 56th meeting of the GST Council earlier this month, has come into effect from today. The current four-rate system has been replaced with a streamlined two-slab regime of 5% and 18%. A separate 40 per cent sl
The reform in the Goods and Services Tax structure, which was approved during the 56th meeting of the GST Council earlier this month, took effect from today. The current four-rate system will be replaced with a streamlined two-slab regime of 5% and 18%. A separate 40 per cent slab has been r
The reform in the Goods and Services Tax structure, which was approved during the 56th meeting of the GST Council earlier this month, is set to come into effect from today. The current four-rate system will be replaced with a streamlined two-slab regime of 5% and 18%. A separate 40 per cent