Business news

Jan 1, 1970
Piyush Goyal urges India Inc. to pass on entire GST rate cut to consumers

Pass on entire GST rate cut to consumers: Piyush Goyal tells India Inc.

Piyush Goya expressed gratitude to the Prime Minister for this initiative, which he believes will create a win-win situation for both businesses and consumers. He urged the industry to ensure that every rupee saved through the GST reduction is passed on to consumers, emphasizing that under the new structure, GST on several categories has been reduced to as low as 5 percent. Sep 4, 2025
Over 150 products may see rate cut in GST Council meet this week

Bold step: Industry experts hail GST reforms in health sector

In a landmark move, the GST Council, chaired by Finance Minister Nirmala Sitharaman, on Wednesday rationalised the indirect tax structure, cutting 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 cent slabs. Sep 4, 2025
Union Finance Minister Nirmala Sitharaman

NextGen GST reform: Transformative leap for India's economic future

The NextGen GST reforms represent a bold reengineering of India's tax landscape, balancing simplicity, inclusivity, and economic competitiveness. By addressing structural inefficiencies, reducing consumer costs, and empowering businesses, they lay the groundwork for sustained growth, writes Major General Dilawar Singh. Sep 4, 2025
Number of Jan Dhan accounts crosses 55 crore, FM Sitharaman tells banks to reach out more

Explained: How GST rate rejig is going to boost businesses, empower common man

"Food preparations not elsewhere specified will attract a GST rate of 5 per cent. Bread was already exempt, while pizza bread, roti, porotta, paratha, etc., attracted different rates. All Indian breads, by whatever name called, have been exempted even though only a few goods have been mentioned by way of illustrative example," the ministry said. Sep 4, 2025
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