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 of the government, Commerce Minister Piyush Goyal told NDTV Thursday.
Mr Goyal told NDTV this evening the timing of the GST overhaul - the announcement was made late Wednesday - had nothing to do with 50 per cent tariffs imposed by United States President Donald Trump, which is expected to affect nearly $48 billion in Indian exports to that country.
He said the fact certain sectors - such as textiles, footwear, and food products - that had been hardest hit by the US' tariffs could expect to benefit from the GST revision is "coincidental".
................................ Advertisement ................................
Hyundai Motor India announced that it will pass on the full benefit of the recent GST reforms to its customers, offering significant price cuts across its passenger vehicle range.
Finance Minister Nirmala Sitharaman has expressed confidence that revenue buoyancy driven by spurt in consumption will take care of the estimated GST shortfall of Rs 48,000 crore following reduction in tax rates on a host of items
Skoda Auto India has announced the price drop as part of the GST 2.0 structure and has also announced a limited-period discount on its popular lineup.
Toyota has announced the new prices of the cars in its Indian portfolio as part of the GST 2.0 structure. Here are the model-wise prices of Toyota cars.
Hyundai Motor India has announced the new prices of its popular cars after the GST 2.0 implementation. Check out the model-wise prices now.
Opinion | Next-Generation GST: A Reform That Places The Middle Class At The CentrePradeep Bhandari
Saturday September 06, 2025By ensuring both direct tax relief and rationalised indirect taxes, the government has empowered the common citizen to save more, spend more, and aspire more.
Opinion | Observations From A Student of Political Communication - By Derek O'BrienDerek O’Brien
Friday September 05, 2025For a student of political communication, this week has been fodder. The language used to describe GST reforms has been nothing short of grand. "Landmark". "Biggest ever since the 1990s". The Opposition has been advocating for such 'reforms' for eigh
Opinion | GST 2.0: PM Modi's Diwali Gift to Bharat - By Shehzad PoonawallaShehzad Poonawalla
Thursday September 04, 2025Viewing GST 2.0 as a mere well-timed political move would be incorrect. GST 2.0 reflects the Modi government's appetite to stitch good economics with good politics.
GST Reforms 2025: What A Tax Cut On Vehicles Means For India's Auto Industry
Tuesday August 19, 2025The Indian automotive industry could soon witness a GST cut on cars, and here's what the cut holds for the buyers and manufacturers.
................................ Advertisement ................................