GST
GST reforms transformative, will ensure tax certainty: CBIC chief
GST reforms proposal announced this week will be ‘transformational’ for India’s indirect tax system, CBIC chairman Sanjay Kumar Agarwal told ET in an interview.
GST 2.0: India’s bold tax reforms and the push for self-reliance
The reforms, dubbed GST 2.0, were positioned as a citizen-centric evolution aimed at simplifying taxation, reducing burdens on the common man, and fostering economic growth.
Real estate sector tepid toward GST rate cuts on inputs
The reduction in Goods and Services Tax on items such as cement, steel, marble, granite blocks, which are used in construction and housing sector has been received with tepid enthusiasm by the builder community, which feels that the government should have addressed the issue of input tax credit and provided incentives to boost affordable housing.
Reduced GST rates likely to lower inflation by about 25 bps: Deutsche Bank
Deutsche Bank said while the GST rates rationalization can come as a useful offset to the tariff-related downside risks to growth. However, it also stated that it is too early to adjust its long-held 6.5 per cent year-on-year (y-o-y) growth forecast for FY26 and FY27.
Plea to slash GST to 5% on copper sulphate used in arecanut farming
Stakeholders in the arecanut sector have asked the Government to bring down GST on copper sulphate, which is used as a fungicide in many plantation crops, to 5 per cent from the existing 18 per cent.
Only 5% And 18% GST Slabs From September 22. 40% For Super Luxury Items
The complicated GST slabs that gave headaches to small traders after the flagship tax overhaul came into effect, was cleaned up by the government today, leaving only two slabs — 5 and 18 per cent.
Apparel industry players have raised concerns about the increase of GST rate on garments priced above ₹2,500 from 12 per cent to 18 per cent.
GST Council raises rate on coal to 18% with removal of compensation cess
At its 56th meeting, the GST Council announced sweeping rate reductions across a range of goods and services. However, coal stood out as one of the few exceptions.
GST rate rationalisation to bring down thermal coal prices
The GST rate rationalisation is expected to soften the price of thermal coal, which accounts for more than 70 per cent of India’s power generation. This is a move that will reduce cost of power generation.
GST exemption on insurance products to cost ₹9,900 crore
GST exemption on insurance is estimated to cost ₹9,900 crore, sources said. States cautioned that insurance companies should not make windfall gains.
After Tata Motors & Renault, Mahindra Cuts SUV Prices By Rs 1.56 Lakh To Pass On GST Reduction
In order to pass on the GST rate cut, Mahindra & Mahindra on Saturday announced a price reduction of up to Rs 1.56 lakh on sports utility vehicles (SUVs) like Scorpio, XUV700, Thar and Bolero.
Tata Motors to Mahindra, carmakers start announcing new car prices after GST rate cut
Major automakers including Tata Motors, Mahindra & Mahindra, and Renault India have announced price cuts across their passenger vehicle portfolios after the Goods and Services Tax (GST) Council slashed rates on cars and auto components earlier this week.
The Central government may lose around Rs 10,664 crore in Integrated Goods and Services Tax (IGST) revenues after the latest round of GST rate rationalisation, according to an assessment by the Global Trade Research Initiative (GTRI).
No GST relief for Indian media industry
The GST Rate rationalisation exercise saw rate cuts for over 400 products and services, but the GST rate for broadcasters remained the same at 18%. Ahead of the latest GST Council meeting, broadcasters had made a pitch for lowering the GST rate from 18% to 5%.
GST 2.0: Concerns over states’ revenue losses ‘premature’, says CEA V Anantha Nageswaran
Chief Economic Advisor (CEA) V Anantha Nageswaran feels that the Centre’s goods and services tax (GST) reforms will boost consumption in India.
99% of goods under GST either in zero, 5% or 18%; only 1% taxed as sin goods: FM Sitharaman
Union Finance Minister Nirmala Sitharaman said that 99% of all goods and services being taxed under GST are now either in zero, 5%, or 18%, and only 1% is being taxes as demerit or sin goods.
GST reforms got nothing to do with any external factors: Ashwini Vaishnaw
Works for the recently-unveiled next-generation GST reforms had started around one-and-a-half years ago, and it has nothing to do with any external factors, Union minister and BJP leader Ashwini Vaishnaw told reporters on Saturday while addressing a press conference from the party headquarters.
Offline Utility for ITR-5 for AY 2025-26 is available for filing
Offline utility for ITR-5 is released on 06.09.2025 –
Excel Utilities for filing updated returns in ITR-5, 6 and ITR-7
Excel Utilities for filing updated returns in ITR-5, 6 and ITR-7 for the AYs 2021-22 and 2022-23 as per Finance Act, 2025 are available now for filing.
Book: Historical Rates Reform in GST 2.0
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