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".
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Refunds cooled, slipping 3.1 percent to Rs 22,665 crore. Domestic refunds fell 7.1 percent, while export refunds inched up 2.9 percent.
FM Nirmala Sitharaman Speech: Nearly Rs 1 lakh crore has evaporated from the ITC's market value in a month as the stock plunged close to 20 per cent after the sharp cigarette tax hike unveiled in late December.
Key changes from February 2026: FASTag KYC verification will be removed; banks will verify vehicle details at activation. Check Details
GST Portal is the final destination for GST registration, return filing, tax payments, refunds, and other compliance-related activities. It is the official platform for interacting with GST authorities. Here is a step-by-step guide on how to log in to the GST portal. Users can verify their identity using the OTP sent to their registered mobile number or email.
In a sharp escalation of the row involving Shankaracharya Swami Avimukteshwaranand Saraswati and Yogi Adityanath, an Ayodhya bureaucrat has resigned, saying he is doing this in support of the Uttar Pradesh chief minister, the PM and the Constitution.
Opinion | Why States, Not Centre, Should Get All The Credit For GST 'Savings'Derek O’Brien
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.
Opinion: GST Cut, Inflation Under Control: Optimism As Festival Season ApproachesBharti Mishra Nath
Friday September 19, 2025Away from politics, floods, rain-related tragedies and the Trump tariffs, there is optimism in the air. With GST rationalized, inflation in control, the upcoming festival season promises good times.
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
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