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Central govt's revenue loss due to GST rate reduction will be Rs 3700 cror
Updated : 5 months, 3 weeks ago IST
The revenue loss of the central government due to the recent GST rate reduction will be around Rs 3,700 crore in FY26, as higher growth and a boost in consumption have reduced the impact on revenues, according to a report by the State Bank of India (SBI).
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Piyush Goyal slams Opposition's 'better late than never' swipe at GST reva
Updated : 5 months, 3 weeks ago IST
Reacting to the Opposition's 'better late than never' swipe at the latest Goods and Services Tax revamp, Union Minister of Commerce and Industry Piyush Goyal said these remarks only demonstrate their ignorance. He said that Prime Minister Narendra Modi made the GST a success story over the
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"Until human behaviour changes...": Union Minister Nitin Gadkari urges pub
Updated : 5 months, 3 weeks ago IST
"Until human behaviour changes, we will not achieve success in this mission (to reduce road fatalities)," he said, urging every Indian citizen to become sensitive, disciplined and committed to following traffic laws under the "Vision Zero" initiative aimed at eliminating preventable road dea
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UP students, housewives thank PM Modi for reducing GST rates during Navrat
Updated : 5 months, 3 weeks ago IST
Speaking to ANI, Swati Gupta, a housewife in Aligarh, expressed her happiness over the prime minister's decision to reduce GST during Navratri, as these new rates will be levied from September 22 this year.
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GST cut on dairy products will encourage wider adoption of milk products:
Updated : 5 months, 3 weeks ago IST
The government's recent move to reduce Goods and Services Tax (GST) rates on dairy products has been welcomed by the country's leading dairy cooperatives, which said the step would encourage wider adoption of milk products and support millions of farmers.
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"Will reduce burden on common consumers": Rajasthan CM Bhajanlal Sharma ca
Updated : 5 months, 3 weeks ago IST
Rajasthan CM asserted that the decision will not only make the tax system more straightforward but also transparent.
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"Will help each and every family of the country": Union Minister Ashwini V
Updated : 5 months, 3 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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Cement and steel GST rate cuts to boost real estate, as it accounts for ne
Updated : 5 months, 3 weeks ago IST
The central government's decision to reduce the Goods and Services Tax (GST) on cement and steel has been hailed as a game-changing move by leaders from the real estate industry.
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"Reduced to formality": Jairam Ramesh questions GST Council's role followi
Updated : 5 months, 3 weeks ago IST
The Congress MP said that Union Finance Minister made major announcements following the GST council meeting; however, the decisions were proclaimed by PM Modi during his Independence Day speech.
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"Powering Aatmanirbhar Bharat": Ashwini Vaishnaw lauds PM Modi for GST ref
Updated : 5 months, 3 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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Next-gen GST reforms: Purchasing cars, bikes, tractors gets cheaper
Updated : 5 months, 3 weeks ago IST
In the automobile segment, GST on petrol and petrol-hybrid cars, as well as LPG and CNG variants not exceeding 1200 cc engine capacity and 4000 mm length, has been reduced from 28 per cent to 18 per cent.
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Next-gen GST reforms: Health, life insurance made tax-free, several medica
Updated : 5 months, 3 weeks ago IST
These reforms, cleared by the GST Council, are expected to reduce the cost of essential medical items and health-related financial services.
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