Search For "two slabs"
'Decision not just for Bihar, but for whole country': MoS Finance Pankaj C
Updated : 5 months, 1 week ago IST
Union Minister of State (MoS) for Finance, Pankaj Chaudhary, took a jibe at the Opposition and said that the move to rationalise GST rates to two slabs of 5 per cent and 18 per cent has not been brought for the Bihar Assembly polls.
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"What Rahul Gandhi says is right, the govt takes time to accept his sugges
Updated : 5 months, 1 week ago IST
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.
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"Significant and substantial step": BJP leader Dilip Ghosh hails GST refor
Updated : 5 months, 1 week ago IST
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.
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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, 1 week 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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"Appreciate Centre for realising its mistake after eight years": P Chidamb
Updated : 5 months, 1 week 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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"Will bring happiness to everyone..": Uttarakhand CM lauds new gen GST
Updated : 5 months, 1 week ago IST
Uttarakhand Chief Minister Pushkar Singh Dhami welcomed the Centre's new generation GST, calling it a "historic decision" that will benefit everyone, reducing it to two slabs of 5% and 18% and applicable from September 22, 2025. ji, the Central Government's commitment is to implement a new
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"Phenomenal milestone": Industry associations welcome Next-gen GST reforms
Updated : 5 months, 1 week 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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"Will stimulate consumer demand, enhance state revenue efficiency": PHDCCI
Updated : 5 months, 1 week ago IST
"The implementation of GST rate rationalisation from September 22 marks a significant milestone in India's tax reforms. By simplifying the structure, these measures will not only stimulate consumer demand but also enhance state revenue efficiency--creating a virtuous cycle of growth, stabili
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Sitharaman announces significant simplification in GST to dual rate struct
Updated : 5 months, 1 week ago IST
In a significant simplification in the GST regime, which will benefit the common man, Finance Minister Nirmala Sitharaman on Wednesday announced consolidation of 12% and 18% slabs into a dual rate structure of 5% and 18% besides 40% for sin goods.
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"Major next-generation reform": BJP's Praveen Khandelwal ahead of 56th mee
Updated : 5 months, 1 week ago IST
He also expected that the two-slab structure would simplify tax compliance and reduce the burden. The proposed GST structure includes two slabs: 5% and 18%. This aims to streamline the current four-slab system, which provides for rates of 5%, 12%, 18%, and 28%.
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"Purchase of fertilisers, pesticides might get exemption": Bhupinder Singh
Updated : 6 months, 4 weeks ago IST
"They have proposed two slabs: one 5 per cent and the other 18 per cent. Still, there are multiple slabs till 28 per cent. Eighteen per cent applies to fertilisers and pesticides. So, it might get an exemption in this decision. However, there won't be much in it. We will see when the full sc
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