On Independence Day, Prime Minister Narendra Modi announced an upcoming rationalization of GST rates. Previously set at 5%, 12%, 18%, and 28%, the revised GST structure will now primarily center around 5% and 12%. This change is expected to benefit consumers significantly, especially the middle class, as essential categories like apparel, footwear, electronics, and medicines will become more affordable. Businesses are preparing by updating their billing systems and offering discounts to clear old inventory. For instance, apparel priced up to Rs. 2,500 will now attract only 5% GST. The result: lower prices at checkout and increased accessibility for daily consumer goods.
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Restaurants cannot charge more than the printed MRP for packaged items such as bottled water, irrespective of service, surroundings or dining experience.
The Centre has told the Delhi High Court that matters relating to the rate, classification, and reduction of Goods and Services Tax (GST) on air purifiers fall exclusively within the domain of the GST Council.
The recovery in auto component is expected to be driven by improved vehicle sales after the GST cut, which has eased cost pressures and supported consumer demand.
A Congress leader and transport company executive has been arrested in connection with a GST evasion case involving more than Rs 28 crore, officials from the Directorate General of GST Intelligence (DGGI) said.
Audi India closed 2025 with 4,510 sales, driven by festive demand, SUV growth, preowned business momentum, and steady traction across flagship and popular models.
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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