Page 7 - Latest Updates on GST Revamp

Next-gen GST reforms to boost savings, benefit all sections: PM Modi

PM Modi said that the reforms will boost savings and directly benefit every section of society

Power cost to drop 17-18 paise per unit as GST Council scraps coal cess

The GST Council's decision to remove the Rs 400 coal cess will lower electricity generation costs, ease liquidity for coal companies and make domestic coal more competitive

UPA regime unleashed tax terror: Ashwini Vaishnaw hits out at Opposition

During a press conference at Bharatiya Janata Party (BJP) headquarters in New Delhi, Vaishnaw said the entire nation is celebrating the reforms introduced in recent budgets

Rajasthan govt seizes 17 vehicles, seals warehouses in tax evasion drive

The official further said that a two-day operation was carried out to inspect the warehouses, where an initial assessment revealed the market value of goods to be millions of rupees

Market Close Highlights: Sensex slumps 466 pts, Nifty holds 25,200; IT index cracks 3% on H-1B rule

Sensex Today | Stock Market Close Highlights, Sept 22: US President Donald Trump's new H-1B visa fees rule triggered panic selling among investors, especially IT shareholders, on D-Street today

Inherent habit of Congress to abandon difficult development work : PM Modi

Prime Minister Narendra Modi on Monday alleged that the Congress has an "inherent habit" of abandoning any development work that is difficult, and this caused significant harm to the Northeast. Addressing a rally at the Indira Gandhi Park in Itanagar after unveiling development projects worth over Rs 5,100 crore, Modi said he knew that the Northeast couldn't be developed from Delhi, and so, he sent ministers and officers more frequently to the region, and he himself came here more than 70 times. "One inherent habit of Congress is that they never take up development work which is difficult to do; they abandon it. This habit of Congress caused significant harm to Arunachal Pradesh and the entire Northeast. In the hilly and forested areas, where development work was challenging, Congress would declare the regions backward and simply forget them," he claimed. The PM said that with the launch of GST reforms on the first day of Navratri, people will receive a "double bonanza" this festive

New GST reforms could boost India's GDP by 0.8%, says Hardeep Puri

He said all sections, particularly lower middle class, economically weaker sections will benefit

GST 2.0: Big relief for commuter bike buyers, premium ones get pricey

Commuter bikes, scooters see ₹10k-₹25k price drops; Himalayas, KTM, Triumph get costlier by ₹20k-₹33k

People will save on 99% of daily use items: Vaishnaw hails GST reforms

Ashwini Vaishnaw met shopkeepers in the national capital and raised awareness regarding the next-generation GST reforms

GST cut to save investors up to ₹1.5 trn in renewable sector: Pralhad Joshi

GST reduction on renewable energy will save up to Rs 1.5 lakh crore for investors till 2030, Union Minister Pralhad Joshi said on Monday. The comments from the Union New & Renewable Energy Minister assume significance as Monday is the first day of implementation of the Goods and Services Tax reduction. In a bonanza to consumers, the GST Council, comprising the Centre and states, decided to reduce tax rates on goods and services, from September 22 -- the first day of Navratri. The GST cut will give a significant boost to India's ambitious target of having 500 GW of renewable energy by 2030. Talking to reporters on the sidelines of the CII 6th International Energy Conference, Joshi said, "I thank Prime Minister Narendra Modi for cutting GST on renewable equipment from 18 per cent to 5 per cent, especially on the occasion of the Navratri festival." He further said this will save Rs one lakh crore to Rs 1.5 lakh crore for investors till 2030. According to the Ministry of New & ...

Prices of several 'Nandini' milk products go down with new GST rate cut

: 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

PM Modi interacts with Arunachal traders, industry leaders on GST rate cuts

In Arunachal, PM will lay the foundation stone of two major hydropower projects worth over Rs 3,700 crore, namely the Tato-I Hydro Electric Project (186 MW) which will be developed in Siyom sub-basin

Farmers, consumers, shopkeepers cheer new GST rates, say it boosts savings

On Sunday, Prime Minister Narendra Modi, in his address to the nation, said that reform is a continuous process

Akhilesh questions BJP on GST collections, seeks clarity on usage of money

Samajwadi Party president Akhilesh Yadav has taken a swipe at the BJP government, asking where the GST collections over the past eight years have gone. The GST Council, comprising Centre and states, has decided to reduce tax rates on goods and services, from September 22 -- the first day of Navratri. "The public is asking where the money collected in the name of GST has gone," Yadav wrote, listing possibilities such as whether the total amount would be delivered in cash to people's homes like the "UP BJP government's Mahakumbh model", adjusted in the next insurance premium, credited directly to bank accounts as direct benefit transfer, or deducted from the "Rs 15 lakh" promised earlier by the BJP. In the post late Sunday night, Yadav further asked if the amount would be distributed along with the long-pending promise of subsidised LPG cylinders, paid using funds allegedly received by BJP from companies through "backdoor routes", handed out in cash on the eve of the next election, us

New GST rates take effect: Full list of what gets cheaper from today

The NextGen GST reforms reduce taxes on several items spanning essentials, healthcare, education, electronics, automobiles, and farm equipment, while selectively increasing GST on sin, luxury products

Goa committed to strengthening MSMEs under new GST reforms: Sawant

Goa Chief Minister Pramod Sawant has welcomed the launch of the next-generation GST reforms by Prime Minister Narendra Modi, saying the initiative would strengthen India's journey towards an Atmanirbhar Bharat 2.0. In a post on X on Sunday, Sawant said the prime minister had urged states to strengthen the ecosystem for micro, small and medium enterprises (MSMEs), build infrastructure to attract investment and enhance manufacturing competitiveness with the vision of Vocal for Local, Think Global. Goa is fully committed to this mission modernising infrastructure, simplifying processes and empowering our entrepreneurs so that Swadeshi products shine proudly in India and across the globe, the CM said. PM Modi on Sunday asserted that the GST reforms kicking in from Monday will accelerate India's growth story, emphasising that it is a big and important step for aatmanirbhar Bharat and linking a boost to 'swadeshi' products to the country's prosperity. Addressing the nation on the eve of

GST 2.0 rollout begins today: New rates, tax cuts, exemptions | Top updates

The GST Council has cut slabs from four to two - 5 per cent and 18 per cent - while keeping a special 40 per cent rate on 'sin goods' and select luxury items under the new GST 2.0 framework

GST rate cut will make medicines more affordable, accessible: IPA secy

With GST removed from 36 medicines and capped at 5 per cent on most others, IPA Secretary General Sudarshan Jain described the step as a boost for self-reliance and the healthcare ecosystem

Insurers to pass on GST cut, expect slight demand rise in policies

Insurers will implement GST-free rates from Monday and pass on the full benefit to policyholders, though withdrawal of input tax credit may impact margins over time

GST reforms: New regime, but old problems persist for car dealers

With new GST rates kicking in, auto dealers face uncertainty on recovering compensation cess from unsold stock, even as OEMs cut prices to spur festive demand