The government's much-anticipated GST 2.0 reform came into force today, introducing sweeping rate cuts aimed at easing the financial burden on households, small businesses, farmers, and youth. The changes are being widely welcomed by the public, especially due to reduced taxes on essential commodities, daily-use items, and inputs critical for MSMEs. The upcoming GST 2.0 reforms are being hailed as a major relief for the middle class, with a focus on reducing prices of daily-use items. NDTV Profit breaks down the GST 2.0 reforms, analyzing their impact on markets, businesses.
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India adds roughly 19-22 lakh net payroll subscribers every month, with nearly 60 per cent of new members belonging to the 18-25 age group.
Forest Minister Jayanta Malla Baruah said forest royalty and GST are closely connected, making coordination between the two departments crucial.
Assam has emerged among the top performing major states in the country in terms of monthly GST growth, reflecting improving economic activity and stronger revenue administration.
GST collections hit an all-time high of Rs 23.11 lakh crore in FY 25-26. April 2026 alone brought in a record Rs 2.42 lakh crore.
In a joint operation that included raids across Assam, Bihar and West Bengal, a Special Task Force (STF) and GST officials busted the network accused of committing fake Input Tax Credit (ITC) fraud.
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Wednesday October 22, 2025Amidst all the hoopla, it is the State governments that truly deserve recognition for coming together for the GST revision. Because the States are the ones bearing the brunt of massive revenue losses.
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