PM MODI GST ANNOUNCEMENT
Much-fairer system: Shashi Tharoor welcomes GST reforms
Shashi Tharoor, a Congress MP, welcomed the recent Goods and Services Tax (GST) reforms. He called the reforms a fairer system. Tharoor mentioned that the Congress party had been requesting these changes for years. Mallikarjun Kharge, Congress President, alleged pressure from Donald Trump influenced the GST reforms. The GST Council decided to rationalise GST rates to two slabs.
PM's three-hour Manipur visit an insult to people, says Jairam Ramesh
Jairam Ramesh, Congress General Secretary, has criticised Prime Minister Modi's planned three-hour visit to Manipur on September 13, deeming it an insult to the state's people after a 29-month wait. Ramesh also questioned the GST Council's role, suggesting it's becoming a formality after the Prime Minister preemptively announced tax measures during his Independence Day speech.
Workshop for BJP MPs from Sunday, PM likely to be felicitated for GST reforms
A two-day Bharatiya Janata Party (BJP) MPs' workshop will commence at the Parliament complex. Prime Minister Narendra Modi may be felicitated for the Goods and Services Tax (GST) reforms. The BJP anticipates a positive public response to the reduced prices. The workshop includes sessions on the party's history and lessons for parliamentarians.
GST reforms bring big relief to people who suffered huge tax burden under Congress: BJP
Ashwini Vaishnaw says GST rate cuts will benefit common people and boost India's economy. The new GST rates will be effective from September 22, the first day of Navratri. He criticized the Congress for high taxes before 2014. Vaishnaw highlights PM Modi's commitment to the welfare of the middle class.
India needs campaign for better opposition, their criticism of GST ill-informed: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman criticizes the opposition's GST reform remarks. She calls their understanding of GST implementation ill-informed. Sitharaman reminds that Congress ministers were also part of the decision-making. She emphasizes the need for better opposition leaders. Sitharaman defends the government's pro-people reforms. She highlights the GST Council's decision to limit tax slabs.
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GST reforms got nothing to do with any external factors: Ashwini Vaishnaw
Union Minister Ashwini Vaishnaw says the GST reforms began about a year and a half ago. These reforms are unrelated to external factors. The goal is to reform, perform, and transform the economy. The new GST rates will take effect on September 22, during Navratri. These changes aim to reduce the tax burden and boost economic growth.
New GST rates, coming into effect this Navratri, to boost economy: Ashwini Vaishnaw
Union Minister Ashwini Vaishnaw announced that the 2025-26 Budget's income tax relief and GST rate rationalization will significantly boost India's economy. Effective September 22, the GST reforms will simplify taxation, reduce rates on daily-use goods, and stimulate consumption, potentially adding Rs 20 lakh crore to the GDP.
Bad decision being corrected, not being apologised for: Aaditya Thackeray accuses government of marketing GST rationalization 'as gift'
Aaditya Thackeray criticized the Modi government's GST rationalization, calling it a correction of a flawed decision marketed as a gift. He hoped states would receive their dues without political bias. Union Finance Minister Nirmala Sitharaman emphasized ensuring GST benefits reach all citizens, while Piyush Goyal hailed the reforms as a streamlined taxation system under PM Modi's leadership.
How GST cuts will change what you pay from Sept 22
With GST rates slashed on numerous goods and services, companies are gearing up to revise prices and extend the benefits to consumers by September 22. This involves manufacturers, wholesalers, and retailers coordinating to adjust for products already in distribution with older tax rates. While some sectors anticipate increased demand, others face challenges like managing unsold stock and potential losses.
Hailing PM Modi, BJP says GST reforms 'next-gen, historic'
The BJP celebrated the new GST reforms as a significant step, with JP Nadda highlighting PM Modi's commitment to easing citizens' lives. Nadda criticized the previous UPA government's inability to implement GST due to lack of trust. Sambit Patra noted the reforms would make essential items more affordable for everyone from September 22, creating a positive atmosphere.
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 cuts complement Ayushman Bharat, PMJAY, says health ministry
The government's GST reforms aim to make healthcare more accessible and affordable by exempting health and life insurance premiums, reducing taxes on essential medicines and medical products. These changes complement initiatives like Ayushman Bharat and PMJAY, encouraging wider insurance adoption and lowering healthcare costs for citizens. The move also supports preventive healthcare by maintaining high taxes on harmful goods.
GST reforms: Maharashtra CM Fadnavis hails move, calls it result of PM Modi's farsighted vision
Devendra Fadnavis praised Narendra Modi's vision regarding GST. The GST Council approved changes to the indirect tax system. The new tax slabs will be effective from September 22. Fadnavis stated that Maharashtra is a leader in GST contributions. He added that the reforms will reduce the tax burden on citizens. Maharashtra supports these GST reforms.
PM Modi calls GST reforms a 'double dose of growth' and slams UPA tax policies
Prime Minister Narendra Modi addressed the nation, emphasising the importance of GST 2.0 reforms in strengthening India’s global competitiveness and promoting self-reliance. He interacted with National Awardee Teachers, recognising their vital role in shaping the youth. Modi assured citizens of a “double blast of happiness” ahead of Diwali and Chhath Puja, while criticising the previous UPA government’s taxation policies.
Amazon India’s Great Indian Festival sale to start from September 23
Amazon India will launch its Great Indian Festival sale on September 23. The sale starts after new GST rates take effect. Prime members get early access. Flipkart's Big Billion Days sale is also coming soon. The GST changes impact many goods and services. Many food items will see reduced taxes.
Zomato, Swiggy, Blinkit delivery fees to face 18% GST. What it means for investors
India’s food delivery and quick commerce firms face higher costs after the GST Council brought delivery fees under Section 9(5) of the CGST Act, making them liable for 18% GST. Analysts estimate this could raise costs by Rs 2 per Zomato order and Rs 2.6 for Swiggy, pressuring margins as the sector remains a key driver of India’s digital economy.
Anand Mahindra calls for ‘more reforms to unleash consumption and investment’ after GST rate cuts
On Wednesday, Finance Minister Nirmala Sitharaman unveiled major changes to the GST structure, reducing taxes on a range of items spanning essentials, automobiles, farm inputs and electronic goods. Branded as the “Next-Gen GST Reform,” the decision was pitched as a Diwali gift that would lower household expenses, ease business costs and stimulate wider economic activity.
GST overhaul: Mallikarjun Kharge says wait for 'true GST 2.0' continues, demands compensation for states for 5 more years
The Indian National Congress has for long been advocating for a GST 2.0 that reduces the number of rates, cuts the rates on a large number of items of mass consumption, minimises evasion, mis-classification, and disputes, does away with inverted duty structure, lower tax on output as compared to inputs, eases the compliance burden on MSMEs, and expands GST coverage, Ramesh said on X.
Explained: How PM Modi's Rs 48,000 crore GST gift impacts stock market investors
Prime Minister Modi's GST reforms, carrying ₹48,000 crore revenue implications, have sparked a market rally. The simplification of GST architecture, with rate reductions, is expected to boost consumption across sectors like automobiles and FMCG. Analysts project a significant GDP growth and increased corporate earnings, making investors optimistic about sustained market gains.
KISSing those crazy GST slabs bye
The GST Council has streamlined the tax structure, introducing a 0%, 5%, 18%, and 40% tier system, eliminating the 28% slab except for luxury items. While many goods and services now fall under the 5% and 18% categories, a 40% 'sin' tax on certain items remains. Hotel tariffs below ₹7,500 will be taxed at 5%.
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.
PM Modi welcomes GST council’s approval of rate cuts, says changes will benefit every section of society
The GST Council, with PM Modi's endorsement, has approved comprehensive GST reforms, including rate rationalization and process simplification. Finance Minister Sitharaman announced a significant merger of GST slabs, aiming to boost affordability and consumption. Daily-use items see rate reductions, benefiting the common man, while key sectors like agriculture and health receive support through structural changes and simplified compliance.
The art of consensus: How a divided India came together for GST
The GST Council is meeting to discuss potential rate changes, including a two-slab structure and a luxury item tax. States are seeking revenue loss compensation as the Centre plans to end the compensation cess. The original GST rollout in 2017 was a landmark achievement of political consensus, uniting India through bipartisan cooperation.
US tariffs: What PM Modi is going to do for Tamil Nadu's textile-exports dominated western region, asks DMK
The DMK criticizes the central government's inaction regarding the impact of US tariffs on Tamil Nadu's textile industry, particularly in the Tiruppur and Coimbatore regions. Citing potential job losses and industrial unit closures, the DMK demands a special fund package from PM Modi to protect the affected industries.
SBI to states: Don’t fear PM Modi’s Diwali GST gift, you’ll still be net gainers
State Bank of India projects Indian states will remain net gainers from GST, even with rate rationalisation, due to revenue sharing mechanisms. This contradicts concerns of revenue loss expressed by some states. The bank suggests utilising the compensation fund surplus to offset potential losses from rate adjustments.
India's GST collection rises 6.5% y-o-y to Rs 1.86 lakh crore in August
India collected Rs 1.86 lakh crore as goods and services tax in August, 6.5% higher than the same period last year, showed government data on Monday. For the previous month, India’s gross Goods and Services Tax (GST) collection stood at Rs 1.96 lakh crore, marking a 7.5% increase compared to the same month last year, government data showed Friday.
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