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.
................................ Advertisement ................................
Prime Minister Narendra Modi today said that the Goods and Services Tax reforms would usher in a countrywide "GST Bachat Utsav," benefiting poor, middle-class, farmers, traders, and entrepreneurs alike.
The Goods and Services Tax (GST) reforms, which kick in tomorrow, are a "double bonanza" for the poor, neo-middle class and the middle class, underlined Prime Minister Narendra Modi in an address to the nation on Sunday.
"GST Bachat Utsav Begins On Day 1 Of Navratri Tomorrow": PM Modi On GST Reforms
Prime Minister Narendra Modi addressed the nation this evening, a day ahead of the implementation of GST 2.0 reforms.
Indian Railways has passed on the benefits of GST reforms to passengers by announcing a price reduction.
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
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.
................................ Advertisement ................................