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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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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मोदी सरकार के 12 साल: कैसे तय होगा 10 ट्रिलियन डॉलर वाली अर्थव्यवस्था बनने का सफर, अब तक क्या हुआ
Wednesday June 10, 2026नरेंद्र मोदी के 12 साल के कार्यकाल में अर्थव्यवस्था ने तेज छलांग लगाई है, उसके कई क्षेत्रों में उल्लेखनीय सुधार हुआ है. मोदी सरकार को सुधार की दिशा में ऐसे कदम उठाने होंगे, जो भारत को अंतरराष्ट्रीय जगत के लिए तैयार करे.
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.
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