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
During this, CM Yadav also purchased indigenous clothes from the market and urged the public to opt for swadeshi products, highlighting the swadeshi spirit of empowering the state's and nation's economy.
Declaring the profit share bonus to Singareni Employees today, the Chief Minister said that the GST rate rationalisation will have an adverse impact on the state revenues.
Following the implementation of the revised Goods and Services Tax (GST) rates from today, West Bengal Chief Minister Mamata Banerjee criticised the NDA government and said that all the relief will come from the coffers of state governments, and the central government did not spend a single
Joshi noted that as a Consumer Affairs minister, he expects the new rates to be entirely passed on to the end consumer. To monitor the situation, the government has also established a helpline number.
Key decisions of the 56th GST Council Meeting on coal include: removal of the Rs. 400 per tonne GST compensation cess previously levied on coal, and an increase in GST rate on coal from 5 per cent to 18 per cent.
Speaking at the Network18 Reforms Reloaded 2025 summit in Delhi, Nageswaran said, "The GST 2.0 is a very significant landmark reform. I am very confident that it will provide a very significant boost to domestic demand. In addition to the indirect taxes, there are concessions and relief anno
Locals pointed out that the decision to simplify slabs into primarily 5 percent and 18 percent, while lowering or eliminating GST on several essential commodities, will ease household expenses and create wider economic opportunities.
Rai Kumar Nahar, who is the Chairman of The Poona Merchant Chamber, has pointed out that the previous GST slabs mandated implementation of different kinds of rates which led to mistakes, which will be reduced by the newly brought reforms.
Gurugram (Haryana) [India], September 22: Real estate investments across the nine APAC markets - Australia, Mainland China, Hong Kong, India, Japan, Singapore, South Korea, New Zealand and Taiwan, reached USD 71.9 billion in H1 2025, marking a modest 6% YoY decline amid ongoing trade volatil
BJP MP and Confederation of All India Traders (CAIT) Secretary General, Praveen Khandelwal, lauded the reform, calling it a gift for the common people.