Watch: What has changed in GST & what does it mean?
The GST Council has slashed rates across essentials, healthcare, agriculture, study materials, and vehicles, moving towards a simpler 2-rate structure.
Economy
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Centre to keep vigil to ensure GST benefits passed fully to consumers, says Piyush Goyal
File photo of Union Minister Piyush Goyal | Photo Credit: ANI The Centre will keep vigil to ensure that the benefits of GST rationalisation are passed on fully to consumers, Union Minister Piyush Goyal said on Friday (September 5, 2025), stating that the industry has given him assurance that the entire fall in taxes on…
GST reforms will cause ₹3,700 crore revenue loss to government: SBI report
At the 56th meeting of GST Council meeting, the current four-tier structure has been replaced with a two-tier one, with a standard rate of 18% and five per cent, and de-merit rate of 40% on selected few goods and services. | Photo Credit: Getty Images The State Bank of India (SBI) in its latest research…
Swipe now, pay forever | Credit card debt in India is no longer a silent crisis
On the ‘Credit Cards India’ subreddit, a user writes, “Lost my job, ₹80k in credit card debt, no income. What are my options?” Another says, “Drowning in credit card debt (ICICI, Axis, HDFC, Federal) — no income, no support. Please help.” A third asks, “Struggling with EMIs. Is foreclosure a good idea?” These are just…
Imposed tariffs against India for purchasing Russian energy products: Trump administration tells U.S. Supreme Court
File picture of U.S. President Donald Trump. | Photo Credit: Reuters The Trump administration has told the U.S. Supreme Court that it imposed tariffs against India for purchasing Russian energy products “to deal with a preexisting national emergency regarding Russia’s war in Ukraine” and as a “crucial aspect” of the President’s push for peace in…
GST cut on drugs, medical devices will provide relief to patients and their families, says healthcare industry
Representative image | Photo Credit: Getty images/iStockphoto The healthcare industry has welcomed the government’s move to reduce GST on medicines and medical devices, calling it a progressive reform that will directly benefit patients by lowering treatment costs, improving affordability, and expanding access to essential medical technologies. While healthcare services provided by doctors, hospitals, and diagnostic…
GST has become simpler; new rates to be effective from first day of Navratri: PM Modi
Prime Minister Narendra Modi addresses the gathering during a meeting with National Awardee Teachers at his official residence in New Delhi. | Photo Credit: X/@NarendraModi via PTI GST 2.0 is a double dose of support and growth for the nation and the next-generation reforms have been done to support India’s progress in the 21st century,…
What essential products are cheaper and costlier after GST rationalisation?
gst,Goods and Services Tax | Photo Credit: shylendrahoode The Goods and Services Tax Council approved rate cuts for several food products, consumer electronics, products in the agriculture sector, renewable energy, textile, health and more on Wednesday (September 3, 2025). After the rationalisation, the GST system is now made of two rates – 5% and 18%…
GST Revamp: Who benefits? Full item-wise roundup
Finance Minister Nirmala Sitharaman on Wednesday (September 3, 2025) unveiled tax cuts for hundreds of consumer items – from soap to cars – in the biggest overhaul of the Goods and Services Tax (GST), set to take effect from September 22. Briefing reporters after a marathon daylong GST Council meeting, Ms. Sitharaman said all decisions…
GST Council meeting LIVE: Industry bodies hail two-rate slab and other reforms
GST reforms to provide relief to families, ease compliance for businesses: India Inc India Inc on Thursday hailed the GST Council’s “forward-looking decisions” — moving to two rates of 5 per cent and 18 per cent from 22 September, simplifying refunds and MSME procedures, and exempting individual life and health insurance from the indirect tax…