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GST Rates
The Biological Agri Solutions Association of India (BASAI) on Monday said it has sought clarification from the government over GST applicable on biostimulants. Biostimulants, which aid plant growth, have been regulated under the Fertiliser (Control) Order (FCO) 1985 since 2021. As of August, the government has officially notified and fully approved 146 biostimulant products under the FCO. Addressing a media conference, BASAI President and Chairperson Sandeepa Kanitkar said biostimulants are the need of the hour amid climate change challenges. "The tool box of the farmer now has to be changed. If it is not changed, then we will end up having the same kind of productivity," Kanitkar said. Listing out challenges in the sector, BASAI CEO Vipin Saini said there is confusion over GST for biostimulants. "At some places, biostimulants are classified under 5 per cent GST category and in some places under 18 per cent. I believe it should be under 5 per cent category." There is misinterpreta
: Now you can get some of the 'Nandini' milk products like ghee, butter, paneer, at a reduced rate with the GST on them coming down from Monday. In a statement, the Karnataka Milk Federation (KMF) has listed the revised prices of 'Nandini' milk products due to the slash in Goods and Services Tax (GST) levied on dairy products. "The Government of India has reduced the Goods and Services Tax (GST) on essential food products like Ghee, Paneer, Cheese, Ice creams, Chocolates etc. and the reduction is effective from 22.09.2025. Accordingly, Karnataka Milk Federation (KMF) has revised the selling prices of 'Nandini' milk products," it stated. According to the list, 1000 ml Ghee (pouch) which was earlier priced at Rs 650 will now be available at Rs 610, Butter (Unsalted) 500 gm which was Rs 305 will now be Rs 286, Paneer (1000 gm) which was Rs 425 will be now Rs 408, Goodlife milk (1000 ml) which was Rs 70 will now be Rs 68, processed cheese (1 kg) which was Rs 530 will now be Rs 497, Chee
The Next-Gen GST reforms are a testament to Prime Minister Narendra Modi's steely resolve to serve the poor, youth, farmers and women, Union Home Minister Amit Shah said on Monday as the new tax structure came into effect across the country. Shah also said that the new reforms will move the wheel of India's growth even faster on the path of becoming the most prosperous country in the world. "The #NextGenGSTReforms are a testament to PM Shri Narendra Modi Ji's steely resolve to serve the poor, youth, farmers, and women," he said in a series of posts on X in both English and Hindi with the hashtag 'GSTBachatUtsav'. The home minister said the Modi government is increasing the income of the middle class by opening plenty of opportunities for them and ensuring that their savings rise constantly through the Next-Gen GST reforms. He said the steep reduction in the GST rates of daily essentials, healthcare products, electronic appliances, and educational items will boost their disposable .
Prices of kitchen staples to electronics, from medicines and equipment to automobiles, will get cheaper from Monday as the reduced GST rates on about 375 items come into effect. In a bonanza to consumers, the GST Council, comprising Centre and states, has decided to reduce tax rates on goods and services, from September 22 -- the first day of the Navaratri. Mass consumption items like ghee, paneer, butter, 'namkeen', ketchup, jam, dry fruits, coffee and ice creams, and aspirational goods like TV, AC, washing machines will become cheaper. Various FMCG companies have already announced reduction in prices in view of GST rationalisation. With GST on most drugs and formulations, and medical devices like glucometers and diagonistic kits reduced to 5 per cent, the cost of medicines will come down for the common man. Also, home builders will benefit as GST on cement has been cut to 18 per cent, from 28 per cent. The government has already directed pharmacies to revise their MRP or sell ..