GST Council Likely To Address Inverted Duty Structure In Notebooks
An inverted duty structure arises when input materials attract a higher GST rate than the final product. This breaks the credit chain, leading to blocked input tax credits and higher costs for manufacturers and consumers. Regarding the inverted duty structure in the case of notebooks, the official said that the anomaly has come to the notice of the government.
Sep 26, 2025, 14:14 PM IST
GST Reforms Will Boost Sluggish Sales In Entry-Level Cars, Improve Tax Compliance
Tractors, trailers and fuel-cell hydrogen vehicles with length not exceeding 4 metres got shifted from 12 per cent GST slab to 5 per cent GST slab.
Sep 06, 2025, 14:26 PM IST
Khan Sir Urges PM Narendra Modi To Remove 18 Percent GST On Educational Services
Educator and YouTuber Khan Sir urged PM Modi to remove the 18% GST on educational services, calling for tax-free quality education. He welcomed the 40% tax on luxury goods and stressed that education must remain free from commercialisation. Scroll down to read more.
Sep 06, 2025, 10:56 AM IST
GST Refunds Made Easier For Low Value E-commerce Exports
The relevant section of the CGST Act, 2017 will be amended to allow refunds for exports made with payment of tax, regardless of value.
Sep 05, 2025, 10:40 AM IST
What Are ‘Sin Goods’ And Why Do They Now Attract 40% GST? Full List Of Items Inside
“Sin goods” are items seen as harmful to health or society—like tobacco, gutka, pan masala, and alcoholic or sugary drinks. To discourage people from consuming them, governments usually impose higher taxes on these products while using the revenue for public welfare.
Sep 04, 2025, 18:29 PM IST
GST Relief Across Fisheries Value Chain: Fishing Nets, Seafood Products and Aquaculture Inputs All at 5%
Under the revised structure, GST on fish oils, fish extracts, and prepared or preserved fish and shrimp products has been reduced from 12 percent to 5 percent.
Sep 04, 2025, 16:01 PM IST
GST Rate Cut From September 22: Why Is Paneer Attracting Zero Tax While Cheese Gets A 5% GST?
The GST Council has accepted Group of Minister’s (GoM) proposal to retain two slabs — 5 percent and 18 percent.
Sep 04, 2025, 15:54 PM IST
GST Reforms Can Further Lower Inflation, Allow RBI To Cut Repo Rate By Another 25 Basis Points This Year
The GST tax rate cuts can lower headline CPI inflation by 1 percentage point.
Sep 04, 2025, 15:15 PM IST
Onions Selling At Rs 24/Kg At THESE Centres In Delhi, Mumbai, Ahmedabad
Union Minister of Consumer Affairs, Food and Public Distribution Pralhad Joshi on Thursday launched the retail sale of onions at Rs 24 per kg in Delhi, Mumbai and Ahmedabad through outlets and mobile vans of NCCF, NAFED and Kendriya Bhandar and also through distribution partners of NAFED and NCCF as part of the government’s policy to control prices of essential goods.
Sep 04, 2025, 15:05 PM IST
Festive Relief! Electronics Like TVs, ACs And Dishwashers To Cost Less After GST Rate Slash
The GST Council, led by Finance Minister Nirmala Sitharaman, has announced major tax cuts on popular electronic items. Starting September 22, the new 5 per cent and 18 per cent GST rates will apply to four key categories—air conditioners, televisions larger than 32 inches (including LED and LCD models), monitors and projectors, and dishwashing machines.
Sep 04, 2025, 14:10 PM IST
New GST Rates Explained: How GST Rate Rejig Is Going To Boost Businesses, Empower Common Man
The changes in GST rates on services and goods other than cigarettes, chewing tobacco products like zarda, unmanufactured tobacco and beedi will be effective from September 22, as per recommendations of the GST Council in its 56th meeting.
Sep 04, 2025, 10:48 AM IST
GST Rates 2025: Household Food Expenses To Drop Significantly After Tax On Staples Slashed
UHT milk, paneer, pizza bread, rotis, and khakhras will now have zero tax after GST 2.0, reduced from 5 per cent. Parathas and parottas, previously taxed at 18 per cent, are now in the nil bracket.
Sep 04, 2025, 10:41 AM IST
New GST Rates: List Of Items Getting Cheaper For Common Man, From 12% And 18% To 5%
The GST Council has accepted Group of Minister’s (GoM) proposal to retain two slabs — 5 percent and 18 percent.
Sep 04, 2025, 09:00 AM IST
New GST Rates From 22 September: Check Complete List Of Food Items That Will Attract ZERO Tax; List Of Items To Attract 5% Tax
From groceries and fertilisers to footwear, textiles, and even renewable energy, a broad basket of goods and services is set to become more affordable. Items earlier taxed at 12 per cent and 28 per cent will now largely migrate to the other two slabs, making a wide range of products cheaper.
Sep 04, 2025, 08:30 AM IST
New GST Rates From September 22: Highest Tax On These Items; Check List Of Items With 40% GST
GST Council has moved a host of products in the highest tax bracket raising from 28 percent to 40 percent. Here's the complete list.
Sep 03, 2025, 23:53 PM IST
2-Slabs GST Tax Structure From 22 September 2025: Nil Tax On These Medicines; Rates Brought Down From 5 And 12%; Check Full List
The GST Council has accepted Group of Minister’s (GoM) proposal to retain two slabs — 5 percent and 18 percent.
Sep 03, 2025, 23:35 PM IST
Modi Govt's MASSIVE Festive Bonanza: GST Council Approves 2-Slabs Tax Structure; To Be Implemented From 22 September 2025
The GST Council has accepted Group of Minister’s (GoM) proposal to retain two slabs — 5 percent and 18 percent.
Sep 03, 2025, 22:46 PM IST
Big Relief For Shoppers! More Consumer Goods Shifted To Lower GST Slabs, Prices To Drop
The GST Council, chaired by Finance Minister Nirmala Sitharaman and attended by state finance ministers, on Wednesday approved a simplified GST structure with just two main slabs—5 per cent and 18 per cent.
Sep 03, 2025, 20:37 PM IST
GST 2.0 Reforms To Trigger Decisive, Consumption-Led Turn In India's Growth Cycle
The 56th GST Council has begun its discussion on rates rationalisation and on proposals to cut levies on life and health insurance premiums, with rate notifications likely by the third week of September, according to reports.
Sep 03, 2025, 17:21 PM IST
Stock Market Update: 126 Stocks At 52-Week High, 64 At Lows; Sensex, Nifty Close Higher
While several stocks soared to new highs, 64 companies hit their 52-week lows, including Deepak Nitrite, Indus Towers, Sri Lotus Developers, Maral Overseas, Regaal Resources, and Vikram Solar. Despite this mixed performance, the overall market mood remained upbeat.
Sep 03, 2025, 17:20 PM IST