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
"As a result, more money will remain in the hands of the common people, thereby increasing their purchasing power," Mahanta said according to a statement.
"I welcome the reduction. The other truth is that it has been done eight years too late. We have always advocated a single rate, with a small plus or minus. This is a huge progress over the six or seven rates they had. In the course of time, I believe, it will come down to a single rate,"
In a statement, Assam BJP Spokesperson Debojit Mahanta stated that nearly 99 per cent of goods currently taxed at 12 per cent GST would now come under 5 per cent GST. As a result, more money will remain in the hands of the common people, thereby increasing their purchasing power.
Breetzke accomplished this feat during his side's second ODI against England at Lord's on Thursday. In the match, Breetzke went on to score 85 in 77 balls, with seven fours and three sixes at a strike rate of over 110. However, an absolute peach of a delivery from pacer Jofra Archer meant he
"The GST rationalisation is a progressive step towards making products and services more affordable for consumers, easing operational complexity of doing business, lowering inflation and driving consumption growth across the retail sector. This will serve as a big booster to India's econo
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"India's economy is entering a new era under the visionary leadership of Prime Minister Modi. This is not just a tax reform but a decisive and important step towards making India a leading economy in the global market with a high growth rate. Hearty congratulations to PM Modi and Union Finan
The final ticket prize for an IPL match, which has a base prize of Rs 1,000, will now be upto Rs 1,280-1,400, as per ESPNCricinfo. This raise puts the IPL in India's highest GST bracket, alongside casinos, race clubs, or any place featuring casinos or race clubs.
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