GST 2.0: SBI Research Sees Minimal Tax Loss, Thanks To Spending Pickup

Overall, SBI Research sees CPI inflation easing by 65–75 bps over the next fiscal.

P Chidambaram -- Congress's former Union Minister who handled the finance portfolio -- said today that while the rationalisation of the Goods and Services Tax law is welcome, it is eight years too late.

From September 22, 2025, all individual life and health insurance premiums will attract 0% GST, down from 18%. Announced after the 56th GST Council meeting, this move cuts upfront costs, may widen coverage, and nudges households to buy adequate prote

The Union Minister announced the new GST structure for the country, bringing the GST rate on smaller cars down to 18 per cent.

The rationalisation of Goods and Services Tax is the "biggest reform since Independence," Prime Minister Narendra Modi said today

Union Finance Minister Nirmala Sitharaman announced the new GST structure yesterday, with bikes above the 350cc category receiving 40 per cent GST.

The GST reforms are a double dose of support and growth for the country, PM Modi said.

GST 2.0: Amitabh Kant, former Niti Aayog CEO believes that GST 2.0 alone cannot fulfil India's long-term consumption story, and the country needs 'good quality job creation'.

However, insurers face a challenge of being left with a GST liability on their expenses while their GST incoming has been removed.

Prime Minister Narendra Modi, speaking on the rationalization of Goods and Services Tax today, attacked the Opposition Congress, pointing out that they taxed anything and everything -- daily essentials, food and medicine

The rationalisation of Goods and Services Tax slabs - from four to two, and exemption of certain items, including premiums for health and life insurance - reflect a "holistic and well thought-out" decision, Commerce Minister Piyush Goyal said.

The move is expected to accelerate adoption of drones across industries and strengthen India’s positioning in both commercial applications and defence modernisation.

'We asked for some rain, but this is a cloudburst,' says RG Chandramogan of Hatsun Agro Product.