"On registration, we have gone to and fro. Earlier, we had a very simplified system, and because of its misuse, we made it tighter again. However, there have now been complaints from small traders, particularly small operators. We are rolling out a new scheme from November 1, 2025," the Spec
"For 8 years, the country was looted by imposing wrong GST. Businesses were wiped out and the common people's income was limited. They kept on saying 'One Nation One Tax' but imposed five slabs. Businesses were wiped out and the common people's income was limited, and now 8 years later they
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.
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.
The sweeping GST reforms unveiled on September 3, among others, have provided a substantial relief on health care, with taxes being either fully exempted or brought down to the lowest slab.
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
Defence Minister Rajnath Singh approved the Defence Procurement Manual (DPM) 2025 to further streamline, simplify, enable and rationalise the revenue procurement process in the Ministry of Defence and cater to the emerging requirements of the Armed Forces in the era of modern warfare.
Auto component industry leaders on Friday voiced optimism over the recent GST rationalisation and the free trade agreements (FTAs) the government is working on.
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.
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.