GST 2.0 is set to almost triple the share of items taxed at 5 per cent, rising from 54 consumption categories under GST 1.0 to 149 categories under GST 2.0, as per a recent study by FICCI CASCADE. For rural households, the share of exempt and merit goods in their consumption basket will rise
Shah said, "People of Delhi, Diwali and Navratri will be coming soon. Everything you use will now have a GST rate of 0% and 5%, instead of the previous rates of 28% and 18%. I want to tell the mothers and sisters of Delhi that they should be more dominant at home and start shopping more from
The rationalization of GST rates across the renewable energy value chain from 12 per cent to 5 per cent will bring down the cost of clean energy projects, making electricity more affordable and directly benefiting households, farmers, industries, and developers.
Mumbai (Maharashtra) [India], September 16: The GST Council, at its 56th Meeting held on 3rd September 2025, approved the rationalization of GST rates by moving to a two-slab structure of 5% and 18%, abolishing the existing 12% and 28% rates. These revised rates will come into effect from 22
Household budgets across India are likely to see some relief following the recent revision in Goods and Services Tax (GST) rates, according to a report by PwC.
The Government of India has taken a significant step to boost the automobile industry through rationalisation of GST rates across various vehicle categories and components.
Partho Banerjee, Senior Executive Officer, Marketing and Sales, Maruti Suzuki, said that the new GST rates would help customers who want to switch to four-wheelers. "The gift given by our honourable Prime Minister to the customers of India, we hope that those who want to upgrade to 4 wheeler
Consumption in India is expected to register a net gain of nearly Rs 1 lakh crore from September onwards, driven by the recent Goods and Services Tax (GST) rationalisation, according to a report by Bank of Baroda.
Under the new Goods and Services Tax (GST) reforms, a uniform GST of 5% has been introduced for all drones, regardless of whether the camera is integrated or separate and irrespective of whether they are used for commercial or personal purposes, said the Union Ministry of Civil Aviation in a
Mumbai (Maharashtra) [India], September 9: Krishival Foods Limited has welcomed the reduction in the GST rate for nuts, dried fruits and ice cream as confirmed at the 56th GST Council meeting. The GST on products such as Brazil nuts, almonds, pistachios, and other dried fruits has been reduc