5 h. ago "Historic Decision": Amit Shah, Rajnath Singh Laud PM Modi For GST Reforms

Union Home Minister Amit Shah lauded Prime Minister Narendra Modi for the GST reforms and called it a "historic decision" to cut tax rates.

Politics

6 h. ago Big Relief For Farmers As GST Slashed To 5% For Key Agricultural Tools

Tax rate for key farming equipment such as drip irrigation system and sprinklers and their nozzles have been bumped down to 5%.

Politics

6 h. ago New GST Reform Will Boost Consumer Sentiment, Industry Confidence: Deloitte

The GST revamp that slashes tax rates on goods and services into a simplified two-slab structure addresses deeper structural changes, prioritising the "real drivers of the economy", says Deloitte...

Politics

6 h. ago Relief For Essentials, Heavier Tax On Luxury As GST Council Approves Two

The changes will take effect from Sept. 22, with phased implementation for certain items.

Politics

6 h. ago "Does Congress Want Tobacco Taxed At 5%?" N Sitharaman On 40% GST Question

Finance Minister Nirmala Sitharaman on Wednesday announced a sweeping reduction in Goods and Services Tax (GST) rates on a wide range of essential items, automobiles, agriculture inputs, and...

Politics

6 h. ago Sin Tax For Cigarettes, Rate Reduction For Bidis, Here's Why

The heart of that answer lies with the rural economy.

Politics

7 h. ago Breaking News Live Updates: 'Will benefit common man,' says PM Modi hailing 'next

Breaking News Live Updates: 'Will benefit common man,' says PM Modi hailing 'next-generation' reforms in GST  The Times of India

Politics

7 h. ago India slashes consumption tax on hundreds of items to spur domestic demand

India slashes consumption tax on hundreds of items to spur domestic demand  Reuters

Politics

7 h. ago GST Implication To Be Rs 48,000 Crore, Not Right To Call It Loss: Official

The government's sweeping move to rationalise the Goods and services Tax may not lead to a loss, Revenue Secretary Arvind Shrivastava told reporters this evening as the new, simplified tax slabs were...

Politics

7 h. ago No GST On Individual Life, Health Insurance, 33 Lifesaving Drugs

The changes will take effect from Sept. 22, with phased implementation for certain items.

Events

7 h. ago What Gets Cheaper And Costlier From September 22 Under Revised GST Rates

The GST Council on Wednesday approved historical changes to India's indirect tax structure - adopting a 5 per cent and 18 per cent tax structure - and several daily-use goods will become cheaper from...

Politics

7 h. ago GST Rates For Auto: EVs To Face 5% Tax, Hybrid Cars 18%, Luxury Bikes 40%

Motorcycles below 350 cc engine will be taxed at 18% under the revised GST framework.

Transport

8 h. ago GST Reforms Structural, Will Benefit Middle Class: Nirmala Sitharaman

GST reforms are not just for rationalising rates but structural too, Nirmala Sitharaman said on Wednesday, adding that the decision of the GST Council has been taken with full consensus and all...

Politics

8 h. ago GST Council Meeting: Small Cars, Motorcycles Now In 18 Percent Slab

Small cars and motorcycles with engines up to 350 cc will now have their GST reduced from 28 percent to 18 percent.

Transport

8 h. ago Toothpaste, Butter, Eraser: What Is Now Under 5% GST Or Is Now Exempt

Toothpaste, Butter, Eraser: What Is Now Under 5% GST Or Is Now Exempt

Politics

8 h. ago Toothpaste, Butter, Eraser: What Is Under 5% GST Or Is Now Exempt

The Goods and Services Tax Council, chaired by Finance Minister Nirmala Sitharaman, announced a major change that only two rates will remain from September 22 - 5 per cent and 18 per cent, eliminating...

Politics

8 h. ago GST Sees Biggest Overhaul As Tax Slabs Cut To 5%, 18%; New Rates Effective Sept 22

The total revenue loss on account of GST reduction is pegged at around Rs 48,000 crore annually.

Politics

8 h. ago From Toothbrushes To Kitchenware, Daily Essentials To Get Cheaper With 5% Rate

Items in the 12% bracket including dairy items, pre-packaged snacks, utensils, baby essentials and sewing machines and their parts will also see rates reduced to 5%.

Events

8 h. ago Individual Life And Health Insurance Policies To Be Exempt From GST

The GST on health and insurance products, which stood at 18 per cent, has been cut to zero, in a major revamp of the GST rate structure.

Events

8 h. ago Tobacco Products, Carbonated Beverages: What Comes Under 40% GST

The GST Council, chaired by Finance Minister Nirmala Sitharaman, cut the current four slabs down to two - scrapping the 12 per cent and 28 per cent rates, while retaining the 5 per cent and 18 per...

Politics