GST

GST rate cuts boost festive sales, reflect positive market sentiment: FM Sitharaman

Speaking at the inaugural event of the new CGST Bhawan in Ghaziabad, FM Sitharaman said that the next generation GST reforms will make this system even more efficient, equitable and growth-oriented.

21 hours ago

From coffee to drones, GST rejig to boost Karnataka's economy

Karnataka is responsible for approximately 71 per cent of India's coffee production in Kodagu, Chikkamagaluru, and Hassan. Tax reforms could cut retail prices by 11–12 per cent and enhance margins for small processors and cooperatives. Tax reforms reduce prices on coffee extracts, instant coffee, UHT milk, paneer, ghee, butter, processed cashew nuts, coir products, and processed fish, with estimated retail price drops of 5–12 per cent based on the product.

21 hours ago

Strong Q2 growth, GST reforms to help India's growth expand at 6.6 pc this year: IMF

"Economies in the Asia-Pacific region have been resilient in 2025, posting stronger-than-expected economic growth in the first half of the year amid external and domestic challenges. Nevertheless, higher US tariffs and increasing protectionism will likely reduce demand for Asian exports and eventually weigh on growth in the near-term," said the IMF.

23 hours ago

Car sales more than doubled to over half a million units: FM Sitharaman on GST 2.0

Also, during the period of Diwali shopping, e-commerce and quick-commerce platforms recorded sharp demand increases, "with premium products and instant-delivery services driving growth and festival spend extending beyond major cities", the Finance Minister said.

2 days ago

FM Sitharaman highlights surge in Diwali sales to all-time high of Rs 6.05 lakh crore

This marks a 25 per cent jump over the 2024 festive sales of Rs 4.25 lakh crore from the Navratri to Diwali period and is the highest-ever sales in India's trading history, according to Research and Trade Development Society, the research wing of CAIT.

2 days ago

Domestic equity markets gain momentum on back of resilient Q1 GDP data: Report

"Sentiment was further boosted as the GST Council simplified the existing four tax slabs (5, 12, 18, 28 per cent) into a two-rate structure of 5 per cent and 18 per cent -- and proposed a special 40 per cent slab for select luxury items such as high-end cars, tobacco, and cigarettes," ICRA Analytics said in its report.

2 days ago

FIEO launches Global Tender Services to help Indian exporters go global

It is a subscription-based, real-time tender aggregation platform providing Indian businesses with access to over 15,000 live international tenders daily, sourced from more than 8,000 verified channels across over 150 countries.

6 days ago

Dhanteras estimated to record Rs 1 lakh crore worth of trade: Praveen Khandelwal

On this day, people purchase gold, silver, utensils, vehicles, electronic goods, idols of Lakshmi and Ganesha, and other auspicious items."In today's times, people also buy mobile phones, laptops, and other electronic gadgets as symbols of progress and prosperity," he said.

6 days ago

Karva Chauth 2025: GST 2.0 booster drives sales surge to Rs 28,000 crore

Member of Parliament from Chandni Chowk and CAIT Secretary General, Praveen Khandelwal, said that based on the heavy consumer rush seen on Thursday and Friday, along with feedback from across the country, total business on Karva Chauth is expected to reach about Rs 28,000 crore nationwide and around Rs 8,000 crore in Delhi alone.

14 days ago

From sugar to IT exports, GST rejig to boost Maharashtra's economy

The GST reduction on refined sugar from 12 per cent to 5 per cent will lower sugar prices by around 7 per cent at whole sale level, benefiting India's largest sugar producer-Maharashtra's sugar belt, comprising of Kolhapur, Sangli, Satara, Pune, Solapur, and Ahmednagar.

19 days ago

J&K economy set for lift as GST changes benefit handicrafts, tourism sectors

This relief strengthens artisan and farmer livelihoods, encourages exports, and drives employment, ensuring sustainable growth while preserving the region's rich heritage, according to an official document.

20 days ago

Milk, electronics, LPG lead GST-related consumer grievances on NCH

CCPA's analysis revealed that GST rate was reduced from 28 per cent to 18 per cent on TVs, monitor, dishwashing machines, ACs as part of GST reforms. Goods such as laptops, refrigerator, washing machine etc are already at 18 per cent.

21 days ago

India's growth firmly anchored in domestic factors amid global volatility: FM Sitharaman

"We are in a shifting global landscape which resembles a zero-sum approach. Indian economy is resilient and continues to grow sustainably," FM Sitharaman said while delivering an inaugural address at the 'Kautilya Economic Conclave 2025' in the national capital.

21 days ago

Govt asks e-commerce firms why prices went up despite GST cuts

Consumer Affairs Secretary Nidhi Khare recently said the department received more than 3,000 complaints about companies not passing on the GST benefits to buyers. While speaking at an event, Khare mentioned that complaints are coming in every day, and the ministry is forwarding them to the Central Board of Indirect Taxes and Customs (CBIC) for further action.

23 days ago

Govt gets 3,000 complaints of misleading discounts after GST cuts

The government has received nearly 3,000 complaints from consumers about misleading discounts and unfair pricing practices by retailers after the recent cuts in Goods and Services Tax (GST) rates, Consumer Affairs Secretary Nidhi Khare said on Monday.

25 days ago

India's real GDP growth projected to grow at 6.7 pc this fiscal: Report

"With Q1 FY26 real GDP growth at 7.8 per cent and stimulation of demand through GST reforms on the one hand, constrained by global headwinds affecting India's export prospects, both in goods and services, we expect India to still show an annual real GDP growth of 6.7 per cent in FY26," according to the global professional services firm.

25 days ago

LIC Sees ₹1,100 Crore Inflows as Nil GST Life Insurance Relief Takes Effect

The insurer drew inflows of over Rs 1,100 crore in a single day, according to reports. This development is significant as LIC usually receives around Rs 5,000 crore of monthly premium income from retail policyholders.

26 days ago

Steps like GST reforms and citizen-first infrastructure showcase commitment to citizens: PM Modi

"Narendra Modi's inspirational professionalism and impeccable work ethic are making the difference on the ground, and the way his discipline, which turns vision into durable systems, sets the PM apart," Hardeep Puri wrote on X.

27 days ago

Liquor prices in TN may rise as GST hike pushes up costs on packaging, service

Although alcohol itself remains outside the GST framework, the changes under GST 2.0 have affected related inputs. Packaging materials such as bottles, caps, labels, and cartons are now taxed at 18 per cent, compared to the earlier 12 to 15 per cent. Similarly, transportation and logistics services have also been brought under the 18 per cent tax bracket.

Sep 24, 2025

RBI urges banks to step up efforts to return crores in unclaimed deposits

Balances in savings and current accounts that remain inoperative for ten years, or term deposits not claimed within ten years from the date of maturity, are classified as unclaimed deposits and subsequently transferred by banks to the DEA fund maintained by the central bank.

Sep 24, 2025