Mint

Centre proposes new GST rates of 5%, 18%; cigarettes to attract 40% tax under revamped regime — Check details here

The agency report also mentions that 99% of the items which are currently falling under the 12% tax bracket are proposed to be shifted to the 5% tax slab in the revamped structure. According to the ...
Indiatimes

GST 2.0 is here! What the new tax reforms mean for you - 10 things to know

Effective September 22, 2025, the Modi government's GST 2.0 simplifies taxation with two slabs (5% and 18%), benefiting households, businesses, and farmers. Essentials become cheaper, life insurance ...
The Financial Express

5% GST for medical devices more a bane than a boon: Industry

The MedTech association AiMeD on Tuesday warned against the possible changes in the goods and services tax (GST) rates, stating that it could impact the competitiveness of domestic device makers. Most ...
India Brand Equity Foundation

Next-Gen GST: Powering India’s Investment and Demand Surge

An in-depth look at how Next-Gen GST is driving investments, boosting demand, supporting digital infrastructure, and ...
Business Today

GST revamp: Centre plans 2 slabs — 5% and 18%, 40% special rate only for 7 goods

The Goods and Services Tax Council is likely to meet in September or October to discuss the next generation of reforms in the indirect tax levy, which includes the Centre’s proposal to rationalise ...
moneycontrol.com

Centre proposes 5 and 18% rates under revamped GST regime: Sources

The central government is of the view that there should be only two GST slabs – 5 percent and 18 percent – for the purpose of simplicity, widening the tax base, and ease of compliance. According to ...
The Hindu

Congress demands States be compensated for five years after GST rate cuts

Welcoming the rationalisation of Goods and Services Tax (GST) rates, the Congress on Thursday (September 4, 2025) said the BJP celebrates record collections “as if collecting taxes from common people ...
Forbes

What Is GST? 5 Things You Need To Know

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Pexels The Goods and Services Tax (GST ...
The Financial Express

‘It’s GST 1.5,’ Cong says wait for ‘true GST 2.0’ continues, demands compensation for states

BJP has 'mentally retired' Nitish Kumar, says Kharge amid CWC meet; Cong passes resolution on Bihar SIR, vote theft, Gaza (Reuters) With the GST Council approving a complete overhaul of the Goods and ...
Mint

Harsh Goenka lauds government's GST reforms, calls them ‘big Diwali gift’; netizens say ‘spectacular!’

RPG Enterprises Chairman Harsh Goenka on Wednesday lauded the major overhaul of India's indirect tax regime by the GST Council, calling it a “big Diwali gift”. Taking to X, Goenka wrote, “Big Diwali ...
Business Line

‘GST rate cut to accelerate shift to packaged foods’

Lower GST rates on packaged foods under the recently announced GST 2.0 regime could drive consumers towards formal, packaged formats, especially in cereals / pulses / flour and dairy category, ...
Hosted on MSN

Congress terms GST overhaul ‘GST 1.5’; says wait for ‘true GST 2.0’ continues

New Delhi: With the GST Council approving a complete overhaul of the Goods and Services Tax (GST) regime, the Congress on Thursday termed it a “GST 1.5” and said time alone will tell whether it would ...