Home

Bihar Assembly

Nation

States

International

Politics

Opinion

Economy

Sports

Entertainment

Trending:

Searched Tag: gst rate cut

On September 22, the Centre had implemented its ambitious GST rate-cut regime, which slashed GST on most goods, especially essentials, from 18 per cent to 5 per cent and did away with two tax slabs of 12 per cent and 24 per cent

India Q2 GDP at 7.5 pc backed by GST rate cut: Report

November 18, 2025, 12:34 PM - 3 min read

Analysis by the State Bank of India (SBI) Research says the gross domestic GST collections might total around ₹1.49 lakh crore for November 2025 (including returns of October 2025, but filed in November 2025), which projects a Y-o-Y growth pf 6.8 per cent

The Economic Survey tabled in the parliament in January had projected real economic growth of 6.3-6.8 per cent for FY26

Consumption will drive growth upwards of 6.8 per cent: CEA

November 9, 2025, 04:24 PM - 3 min read

GST rate cut-driven consumption is likely to keep the country’s growth robust in the current financial year, said India’s Chief Economic Advisor, Anantha Nageswaran

The 21 per cent year-on-year increase in auto sales was due to record registrations of passenger vehicles and two-wheelers this year, compared with 43,25,632 units in the same period last year, said FADA on Friday

Auto retail sales jump to all-time high in Oct: FADA

November 7, 2025, 01:22 PM - 4 min read

Data released by the Federation of Automobile Dealers’ Association (FADA) reveals overall retail sales of two-, three- and four-wheelers saw a 21 per cent increase in the 42-day festive period in October, led mostly by GST rate cut

The rate of growth in GST collections in year-on-year terms in October at 4.6 per cent is, however, lower than about 9 per cent average growth that the collections saw in the previous months

Festive buying spikes GST collections, albeit at a slower rate

November 1, 2025, 04:07 PM - 2 min read

According to the government data released on Saturday, gross GST mop-up in October was about ₹1.96 lakh crore, a 4.6 per cent higher over ₹1.87 lakh crore collections in October 2024

GST cut brings major relief to farmers: Shivraj

October 11, 2025, 01:25 PM - 2 min read

"Just now, after reducing the GST on agricultural machines, a big relief to farmers has been given; around Rs 23,000 will be saved on small tractors. For a 35-hp tractor, approximately Rs 43,000 will be saved. For larger tractors, approximately Rs 65,000 will be saved. Different equipment has been made cheaper", he added.

The GST Council had announced a restructuring of the four-tier indirect tax system on September 3, announcing instead a simpler two-tier tax system that comprises the 5 per cent and the 18 per cent tax slabs

Red brick makers seek removal from Special Composition Scheme

September 25, 2025, 01:14 PM - 3 min read

The GST Council did not recommend any change to the Special Composition Scheme rates for bricks, except for 'sand lime bricks', on which the rate has been reduced to 5 per cent from 12 per cent

In electronics, leading appliance makers have reduced prices of room air conditioners by up to ₹4,500, and of dishwashers, by up to ₹8,000

Rate cuts on milk, ghee, room ACs, dishwashers coming in

September 21, 2025, 12:33 PM - 5 min read

With the GST Council’s rate rationalisation to be implemented from September 22, many companies have already begun announcing their slashed-down prices of products – from eatables to electronics

Revised cut in GST rates to aid people: Uttarakhand CM

September 19, 2025, 06:38 PM - 3 min read

The updated GST rates that apply to the state's main consumer goods and services as of September 22 have been released by the Finance Department. During the holiday season, consumers will benefit greatly from lower GST rates on the majority of goods and services.

Under the Goods and Services Tax (GST) system, the revenue is shared equally between the Centre and the states

Centre notifies CGST rates for goods effective Sept 22

September 17, 2025, 10:59 PM - 2 min read

The states will now have to follow suit and notify the State GST (SGST) rates to be levied on goods and services beginning Monday, September 22

The manufacturer and marketing companies shall issue a revised price list or supplementary price list to the dealers, retailers, state drug controllers and the government, reflecting the revised GST rates and revised MRP, the National Pharmaceutical Pricing Authority (NPPA) stated

NPPA asks pharma units to pass on GST rate cuts

September 13, 2025, 02:53 PM - 2 min read

The National Pharmaceutical Pricing Authority has asked pharmaceutical companies and medical device makers to pass on the benefit of reduced GST rates to consumers with effect from September 22

Post the slashing of Goods and Services Tax (GST) rates on nearly 375 items by the GTS Council, any complaints against failure of any industry to pass on the benefits of price reduction to consumers will be taken by the Central Board of Indirect Taxes and Customs (CBIC), said the body’s chairman, Sanjay Kumar Agarwal

CBIC to take up complaints against non-reduction in prices

September 7, 2025, 12:27 PM - 3 min read

The GST law stipulates that trade and industry need to pass on GST cut benefits to customers, for which an anti-profiteering authority has also been set up where consumers can file complaints regarding any non-reduction in prices post GST implementation

The case pertained to a customer complaint against Urban Essence for not passing the benefit of reduction of GST rate, on restaurant services, from 18 per cent to 5 per cent with effect from November 15, 2017

Subway franchisee asked to pass on GST rate cut benefit to buyer

August 16, 2025, 03:49 PM - 2 min read

The newly-constituted GST Appellate Tribunal (GSTAT) has held a Subway franchisee guilty of not passing on the GST rate cut benefit of ₹5.47 lakh to customers