Finance

Pahalgam terror attack: Nirmala Sitharaman cuts short US-Peru visit

Nil GST on life, health insurance to boost affordability, consumption

The move comes as part of the broader GST rationalisation, which merged the 12 per cent slab with 5 per cent and subsumed the 28 per cent into 18 per cent. Health and life insurance, which earlier attracted 18 per cent GST, have now been moved to the nil tax category. Sep 8, 2025
CBIC denies viral claims on GST transition benefits from Sep 22, calls message misleading

CBIC denies viral claims on GST transition benefits from Sep 22, calls message misleading

"It has come to notice that an informal message claiming to be from Chairman CBIC is being widely circulated on social media, claiming that certain transition benefits under GST will be applicable from September 22 on issues related to unutilised cess credit, ITC of exempted supplies and new price adjustment provisions. It is hereby informed that such claims are factually incorrect and misleading," CBIC said in its post. Sep 7, 2025
'GST 2.0 a Huge Gift to People,' Says Ashwini Vaishnaw, Hails PM Modi's New Reforms

'GST 2.0 a Huge Gift to People,' Says Ashwini Vaishnaw, Hails PM Modi's New Reforms

The GST 2.0 reforms, approved by the 56th GST Council, aim to simplify the tax structure by transitioning from a multi-slab system to a primary two-slab system of 5 per cent and 18 per cent, effective from September 22, 2025. This overhaul is designed to make essential goods and services more affordable, reduce the compliance burden on businesses, and stimulate consumption-led economic growth. Previously, the GST structure comprised four slabs of 5 per cent, 12 per cent, 18 per cent, and 28 per cent. Sep 6, 2025
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
Indian stock market ends lower amid US tariff jitters, Sensex declines 765 points

GST Reforms Fuel Market Confidence Despite Global Headwinds

"However, the rally lost momentum toward the end of the week as investors turned cautious due to profit booking and external headwinds. A spike in the 10-year Indian government bond yield also raised concerns about the fiscal position in light of the GST reforms," said Vinod Nair, Head of Research, Geojit Investments Ltd. Aug 23, 2025
Prev 1 2 3 4 5 6 7 8 9 10 Next