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Auto sector welcomes GST rate cut, urges Centre to focus on electric vehic
Updated : 5 months, 2 weeks ago IST
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.
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GST rate cuts to lift India's GDP by 0.2-0.3% in FY26; stronger push forec
Updated : 5 months, 2 weeks ago IST
The Centre's decision to rationalise GST rates to two slabs - 5% and 18%, applicable from September 22, 2025, is expected to boost the country's GDP by 0.2-0.3% in the financial year 2025-26, according to Bank of Baroda economist Sonal Badhan.
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"Will help each and every family of the country": Union Minister Ashwini V
Updated : 5 months, 2 weeks ago IST
Vaishnaw said that the new GST tax slabs will be effective from the first day of Navaratri, and rates have been reduced for almost every item which is used in the lives of middle-class families.
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"Appreciate Centre for realising its mistake after eight years": P Chidamb
Updated : 5 months, 2 weeks ago IST
Former Union Finance Minister and senior Congress leader P Chidambaram has welcomed the Centre's decision to rationalise GST rates to two slabs, stating that he appreciates the government for "realising" its mistake after eight years of its introduction on July 1, 2017.
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"One Nation, One Tax turned into One Nation Nine Taxes": Mallikarjun Kharg
Updated : 5 months, 2 weeks ago IST
He mentioned that the Congress party had been advocating for reforms in GST for a decade. Kharge claimed that the GST introduced under the NDA government included Tax Slabs of 0%, 5%, 12%, 18%, 28% followed by special rates of 0.25%, 1.5%, 3%, and 6%.
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Dalal street on Fire: Nifty, Sensex surge over 1% as GST cuts spark pre-Di
Updated : 5 months, 2 weeks ago IST
The rally returned to Indian equity markets on Thursday as the government's move to rationalize Goods and Services Tax (GST) rates boosted investor sentiment.
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"Big Diwali gift for every Indian": Industrialist Harsh Goenka on GST rate
Updated : 5 months, 2 weeks ago IST
Industrialist Harsh Goenka has called the recent Centre's decision to slash and rationalise Goods and Services Tax (GST) rates under the NextGen GST framework a "big Diwali gift" for every Indian. The government has slashed GST on daily essentials, healthcare, education, and farming input
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"Phenomenal milestone": Industry associations welcome Next-gen GST reforms
Updated : 5 months, 2 weeks ago IST
Several industry associations have welcomed the Centre's move to rationalise GST rates to two slabs of 5 per cent and 18 per cent.
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"WELCOME but TOO LATE": Chidambaram on GST reforms; questions Centre's mov
Updated : 5 months, 2 weeks ago IST
In a post on X, Chidambaram said the current GST design and rates should not have been introduced in the first place, adding that the opposition had repeatedly warned against these issues for years, but their pleas were ignored.
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"Powering Aatmanirbhar Bharat": Ashwini Vaishnaw lauds PM Modi for GST ref
Updated : 5 months, 2 weeks ago IST
Union Health Minister JP Nadda said that the reduced tax rates will enhance ease of living and help families manage costs.
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Anand Mahindra calls for 'more reforms to unleash consumption, investment'
Updated : 5 months, 2 weeks ago IST
His remark came following the government's announcement of sweeping reductions in Goods and Services Tax (GST) rates on a wide range of essential items, automobiles, agricultural inputs, and electronic appliances.
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Diwali bonanza for consumers: Centre slashes GST rates across sectors, hun
Updated : 5 months, 2 weeks ago IST
Next-generation GST reforms, as announced by Prime Minister Narendra Modi from the ramparts of Red Fort on August 15, represent a strategic, principled, and citizen-centric evolution of a landmark tax framework, which will enhance the quality of life of every last citizen, the press release
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