PANEER GST
Behind the scenes: Sitharaman chaired 3 separate meetings on GSTN preparedness for GST 2.0
Finance Minister Nirmala Sitharaman is preparing for the rollout of the next-generation GST with reduced rates and fewer slabs, effective September 22. Three meetings were conducted to assess GSTN's readiness and the necessary technological upgrades. The GST Council decided to decrease the number of slabs to two: 5% and 18%, with a 40% rate for ultra-luxury and tobacco products.
FM Sitharaman has a message of hope for exporters hit by Trump tariffs
Finance Minister Nirmala Sitharaman said that the Indian government is developing a support package for exporters facing a 50% US tariff, initiated partly due to continued oil imports from Russia. Various ministries are assessing the tariff's impact on sectors like textiles, gems, and leather.
Govt keeping 'good watch' on rupee, several currencies declined against USD: Sitharaman
Finance Minister Sitharaman stated the government is closely monitoring exchange rates as the rupee depreciates against the strengthening US dollar, a trend affecting multiple currencies. The rupee hit a record low amid concerns over US tariffs, including a 50% levy on Indian goods.
Spurt in consumption to drive revenue buoyancy, to meet fiscal deficit target of 4.4%: Sitharaman
Finance Minister Nirmala Sitharaman anticipates that increased consumption will offset the Rs 48,000 crore GST shortfall resulting from tax rate reductions. She believes this consumption boost, along with strong Q1 GDP growth, could surpass the projected 6.3-6.8% GDP growth for FY26. The GST overhaul, effective September 22, aims to benefit all citizens through rationalized tax rates on various products.
'Ek baar aap GST dekh lo': PM Modi's nudge ushered in biggest GST reform in 8 years
Prime Minister Narendra Modi’s push led Finance Minister Nirmala Sitharaman to review the GST regime, resulting in a major overhaul. The GST Council approved scrapping 12% and 28% slabs, leaving 5%, 18% and 40% for sin goods. Effective September 22, nearly 400 products will get cheaper, insurance premiums turn tax-free, and compliance will ease for businesses, especially SMEs.
GST rate cuts to benefit 10 crore dairy farmers: Ministry of Cooperation
The GST rate cuts on dairy products, farm inputs, and food processing items are set to positively impact over 10 crore dairy farmers and bolster the cooperative sector, according to the Ministry of Cooperation. This restructuring addresses inverted duties in fertilizer manufacturing, aiming to stabilize prices for farmers and ensure timely input availability.
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GST Council slashes tax slabs to two to spur consumption; announces key measures for middle class
GST Meeting News: The Goods and Services Tax (GST) Council has streamlined India's indirect tax system. It reduced the existing four tax slabs to two. Many items will become cheaper as they move to lower tax brackets. This aims to boost consumer spending. The change follows Prime Minister Narendra Modi's promise of a GST overhaul.
GST overhaul a people's reform, touches every family: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman calls GST overhaul a 'people's reform'. Rate rationalization will benefit families and boost the economy. Prices of nearly 400 products will decrease from September 22. Premium on health and life insurance will be tax-free. The GST slab structure will change to 5% and 18%. Daily food items will fall under the 5% slab.
GST reductions to boost cooperatives, farmers, rural enterprises
The Ministry of Cooperation reports that recent GST reforms will strengthen the cooperative sector, enhance product competitiveness, and boost rural entrepreneurship. Rate reductions benefit farming, animal husbandry, and food processing, making essential goods more affordable. Dairy farmers and consumers receive direct relief through exemptions and lowered taxes on related products, promoting sustainable practices and increasing incomes for cooperatives.
Dairy sector may gain Rs 11,400 crore from GST reset
The GST rate cuts are expected to curb adulteration and boost farmers’ incomes
Reduction in GST rates of dairy products would have far-reaching benefits: Milky Mist
Milky Mist Dairy Food Ltd.'s CEO, K Rathnam, hails the GST rate reduction on dairy products as a significant boost for consumers and farmers. The move will make nutritious products like cheese and butter more affordable, stimulating demand and strengthening the organized dairy sector.
Food companies upbeat, expect consumer choice to shift to branded products
Packaged food companies anticipate a significant shift from unbranded to branded products. This change is expected in categories like paneer, ghee and namkeens. The GST reduction will narrow the price gap. The price difference with local varieties will decrease by 4-13%. The GST council reduced taxes on daily use food items. New rates will be effective from September 22.
The makeover announced by GST Council is welcome, but a cup half-full with red tape still fluttering
The GST Council's recent meeting delivered on the promise of GST reduction and rationalization ahead of Diwali, reaffirming commitment to the unified tax reform. While rates on some goods were reduced and classifications simplified, the council fell short of fully eliminating red tape and subjective interpretations.
GST rate cut to spur demand in Rs 19 lakh cr dairy industry: Government
The government is set to implement new GST rates for the dairy sector. Most dairy products will either be tax-exempt or attract only a 5% tax. Ultra-high temperature milk and paneer will have no GST. Butter, ghee, cheese, and ice cream will be taxed at 5%. This reform aims to boost the dairy sector and benefit farmers and consumers.
New GST rates: Is the puzzle over popcorn, paranthas and paneer finally solved?
New GST Rates: The GST Council has approved a new tax structure effective September 22, resolving long-standing confusions on food items. Popcorn, paranthas, and paneer now have simplified rates, with pre-packaged and labelled items taxed at 5%. Online gaming and IPL tickets will face a higher 40% GST.
Govt delivers 'GST Diwali bonanza': Cheaper essentials, big relief on insurance premiums
India's Goods and Services Tax (GST) undergoes a major overhaul, eight years after its launch, with the GST Council approving significant rate cuts on numerous everyday items. Effective September 22nd, the new rates aim to boost consumption by shifting to a two-slab structure of 5% and 18%, abolishing the 12% and 28% rates.
GST 2.0 gets the green light: What gets cheaper and costlier from September 22?
GST Meeting Cheaper, Costlier: The GST Council has approved changes to India's indirect tax structure. Many daily-use goods will become cheaper from September 22. Food items, consumer goods, and renewable energy devices will see reduced tax rates. However, sin goods and luxury items will remain under higher taxation. Coal will be taxed at a higher rate. Restaurants and lottery services face revised rules.
Roti, kapda aur makan: The firepower India's common man got as Diwali gift
GST rates slashed: India's GST revamp, dubbed the 'Great Savings Tax,' is easing the financial burden on the middle class. Reduced rates on essentials like food and clothing could save urban families 7-8% and rural families 5-6% monthly. This, coupled with income tax relief and lower interest rates, aims to boost consumption and savings, potentially transforming India into a middle-class-driven economy.
GST 2.0 to unleash consumption, cushion India's economy from US tariff headwinds: India Inc
Industry leaders believe that GST rate rationalization will boost India's economic growth. They expect increased consumption and a cushion against global headwinds. The GST Council approved rate changes, effective September 22. Business leaders like Ashok Hinduja and Anand Mahindra support the reforms. FICCI and CII anticipate improved compliance and consumer benefits.
Mother Dairy to pass on benefits of GST reduction to consumers: MD Manish Bandlish
Mother Dairy, a leading dairy firm with a turnover of Rs 17,500 crore, welcomes the GST Council's decision to reduce GST rates on various dairy products. The company assures consumers that the benefits of this reduction will be passed on, enhancing affordability and accessibility.
GST cuts on farm inputs, dairy products 'big Diwali gift' for farmers: Agri industry
Industry leaders applaud the government's GST rate reduction on agricultural inputs and dairy products, anticipating significant relief for farmers facing rising costs and unpredictable weather. The move is expected to increase farmer incomes by lowering input costs and promoting the adoption of advanced technologies. Reduced GST on dairy products will improve affordability, boost consumption, and support dairy farming families.
GST 2.0: Biggest gainers and losers of the new tax regime
India has announced revised Goods and Services Tax (GST) rates. Finance Minister Nirmala Sitharaman announced GST cuts on many items. The changes will impact good from dairy items to cars. New rates take effect from September 22. Daily use items see lower taxes. Cars, TVs, and cement also get tax cuts. Apparel costing over 2,500 rupees will see a tax increase.
Trump’s tariff pains, Modi’s GST relief: Govt gives a reform armour to every Indian
India rolls out GST 2.0 reforms to boost domestic consumption and shield the economy from the impact of US tariffs. The revamped GST structure simplifies tax slabs and lowers rates on essential goods and services, putting more money in the hands of households and businesses. Experts say the reforms could give a meaningful lift to GDP, while rising consumer confidence across urban and rural India signals stronger spending ahead.
Parag Milk, other agriculture and dairy stocks rally up to 7% after GST cuts
Agri and dairy stocks like Parag Milk, Dodla Dairy, and Kaveri Seeds gained up to 7% after the GST Council slashed rates on fertilisers, farm machinery, and dairy products. The cuts, effective September 22, aim to ease costs for farmers and consumers.
'Ek teer kai nishaan!': From combating Trump’s tariffs to inflation — why Kotak AMC's Nilesh Shah says GST 2.0 hits many targets
Shah also underlined the urgency behind the Council’s push, pointing out that “completing two days GST council meeting in one day does show the urgency.” At the same time, he stressed the need for vigilance against misuse. “While the leakages and fraud of GST needs to be dealt with iron hand, process improvement should be a continuous affair with feedback loop,” he wrote.
Sitharaman & co just slashed your food bill with GST 2.0
The Goods and Services Tax (GST) Council has reduced taxes on essential food items. This decision was made during a meeting in New Delhi. Ultra-High Temperature (UHT) milk, paneer, and pizza bread are now tax-free. Other items like butter and cheese will have lower GST. This move aims to ease the financial burden on households.
Simplified GST Scheme: Government unveils quick registration for small and low-risk businesses
The Indian government has launched a Simplified GST Registration Scheme to streamline the process for small and low-risk businesses. Eligible applicants can now receive registration within three working days, with businesses identified as low-risk through data analysis. This initiative aims to reduce paperwork, accelerate registration, and promote entrepreneurship, benefiting a significant majority of new applicants.
Diwali cheer comes early for Indian middle class as Sitharaman announces GST 2.0
Diwali arrives early for the Indian middle class. The GST Council reduces tax slabs to 5% and 18%. Food, essentials, and durables become cheaper. Families save money on various products. Personal care items and smaller cars also see tax cuts. Health insurance becomes exempt from GST. The new rates are effective from September 22, 2025.
GST 2.0 is here: From namkeens to biscuits, your kirana basket just got cheaper
India's GST 2.0 slashes taxes on mass-consumed goods like namkeens and biscuits, aiming to ease household budgets and stimulate demand. This significant indirect tax reset, following income tax cuts, seeks to boost disposable incomes and reinforce consumption-led growth.
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