The 56th GST council meeting decided to rationalise GST rates to two slabs of 5 per cent and 18 per cent by merging the 12 per cent and 28 per cent rates.
On behalf of the people of Gujarat, Chief Minister Bhupendra Patel thanked Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for significantly reducing GST rates on essential goods and services of daily use.
"This will be very helpful for the middle class in the coming times. When there will be savings, they will be able to invest in other places, so in the coming times, this will bring a huge boost to the economy. I thank the Prime Minister," the Union Minister said here, thanking Prime Ministe
Union Minister of Commerce and Industry, Piyush Goyal, on Thursday, said that the reduction in GST rates will provide a tremendous and unprecedented boost to consumption demand. While addressing the Bharat Nutraverse Expo 2025, he noted that the industry can now aspire for a much greater vol
Lower GST on automobiles is set to make vehicles more affordable for buyers and create new opportunities for sellers. As per a Crisil Intelligence report, the revised GST slab to 18 per cent from 28 per cent will benefit the auto sector and boost domestic sales.
Speaking to ANI, Swati Gupta, a housewife in Aligarh, expressed her happiness over the prime minister's decision to reduce GST during Navratri, as these new rates will be levied from September 22 this year.
Delhi Chief Minister Rekha Gupta on Thursday praised the GST council's decision to cut Goods and Services Tax (GST) rates, and said it will help all small and large businesses to operate with great stability.
Industry associations and trade bodies across sectors have welcomed the Goods and Services Tax (GST) rate cuts announced by the government. Speaking to ANI, representatives from various sectors stated that the reforms would make the Indian industry more competitive and directly benefit consu
Sunil Vachani, Chairman of Dixon Technologies, has hailed the recent GST reforms as "path-breaking", predicting a major boost for the consumer electronics sector.
The government's recent move to reduce Goods and Services Tax (GST) rates on dairy products has been welcomed by the country's leading dairy cooperatives, which said the step would encourage wider adoption of milk products and support millions of farmers.
The 56th GST council meeting decided to rationalise GST rates to two slabs of 5 per cent and 18 per cent by merging the 12 per cent and 28 per cent rates.
The auto industry has welcomed the GST Council's decision to rationalise tax rates, calling it a landmark reform that will boost affordability, spur demand, and accelerate India's transition to sustainable mobility.