GST 2.0 Rollout, Festive Demand Drive Record Two-Wheeler Sales In Oct To 1.85 Million; Highest This Year
Industry officials said the government’s move to reduce GST on motorcycles up to 350cc from 28 per cent to 18 per cent under the GST 2.0 framework has significantly lowered prices, encouraging more buyers to make purchases ahead of Diwali.
Oct 26, 2025, 19:24 PM IST
From Makhana To Shahi Litchi, GST Rejig To Boost Bihar’s Economy, Ramp Up Exports
From makhana farmers in Mithila to silk weavers in Bhagalpur, dairy producers linked with Sudha, and engineers at Madhepura’s rail factory, the GST reforms are expected to reach across the state’s traditional and modern sectors alike.
Sep 27, 2025, 18:44 PM IST
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 To Moderate CPI Inflation In Range Of 65-75 Bps Over FY26-27
Since the GST rate of essential items (around 295 items) has declined from 12 per cent to 5 per cent/nil, the CPI inflation in this category may also come down by 25- 30 bps in FY26 after considering a 60 per cent pass through effect on food items.
Sep 05, 2025, 14:59 PM IST
GST Council Meeting Highlights: Key Recommendations To Provide Relief To Individuals And Businesses
GST Council Meeting Highlights: The Council recommended reduction of payment of pre-deposit for filing an appeal before the Appellate Authority in respect of an order passed which involves only penalty amount.
Dec 22, 2024, 10:51 AM IST
GST Council Likely To Decide On Tax Relief For Life And Health Insurance At Dec 21 Meet
GST on premiums paid by individuals, other than senior citizens, for health insurance of up to Rs 5 lakh, is proposed to be exempted.
Nov 18, 2024, 21:31 PM IST
Know about the new rules to be implemented across the country from today
Know about the new rules to be implemented across the country from today. These rules will impact your pocket. Watch to know more.
Oct 01, 2019, 08:00 AM IST
GST rate cut on 100 items: Here is the full list
Finance Minister Piyush Goyal has said the focus on consumers and MSMEs.
Jul 21, 2018, 23:11 PM IST
Drop GST on Bio-diesel from 18 to 5%, demands industry
The demand came days after solar industry made a similar pitch, stating while unrealistic levy on the solar panels is killing the indian industry and giving an edge to Chinese exporters.
Jan 17, 2018, 09:32 AM IST
Biscuit manufacturers call for lower GST rate
The association called for bringing down GST rate on biscuits between 5 percent and 12 percent saying it is not a premium product and higher tax will lead to stagnation in growth of the industry.
Jan 16, 2018, 15:15 PM IST
12%, 18% GST rates to be merged; 28% on luxury, sin goods: Arun Jaitley
Finance Minister Arun Jaitley said a single rate GST is possible only in countries which have similarly placed population and in a highly differentiated society like India it would have been inflationary.
Nov 30, 2017, 20:51 PM IST
Tax rate on 178 daily items reduced to 18% from 28%: View complete list
Check out the complete list of goods on which GST rate recommended for reduction from 28 percent to 18 percent.
Nov 12, 2017, 19:22 PM IST
CAIT appeals to PM seeking lower GST on nutritional items
The Confederation of All India Traders (CAIT) contended that the GST triggered price spike may push these products out of the price reach of the common man and exacerbate India's malnutrition and hunger problem which has already reached endemic proportions.
Nov 01, 2017, 17:59 PM IST
Leasing vehicles purchased before July 1 to attract 65% GST
These rates would apply for a period of three years with effect from July 1, Finance Ministry said in a statement.
Oct 12, 2017, 19:16 PM IST
Govt notifies GST cess hike on mid & large cars, SUVs
The Finance Ministry late last night notified the hike in quantum of cess to be levied on cars, following which the new rates came into effect.
Sep 12, 2017, 14:16 PM IST
M&M likely to be most impacted due to GST cess hike: Jefferies
The GST Council decided to hike the cess on mid and high-end cars on September 9.
Sep 11, 2017, 19:01 PM IST
SIAM seeks cess exemption on 10-13 seater vehicles
After GST implementation, the government exempted compensation cess only on ambulances that can carry up to nine persons.
Sep 11, 2017, 18:39 PM IST
Fading Demonetisation impact, monsoon pushes up August car sales
The three-wheelers segment`s off-take increased by 2.51 per cent to 51,451 units during the month under review.
Sep 11, 2017, 18:36 PM IST
India Inc disappointed over increase in cess limit on automobiles
The ordinance raises the ceiling on GST cess for luxury vehicles and SUVs from the current 15 percent to 25 percent.
Aug 30, 2017, 23:28 PM IST
Hike in cess on luxury cars
The Union Cabinet has given its approval to the Finance Ministry proposal for increasing the goods and service tax (GST) cess for larger passenger vehicles to 25% from the current 15% cess.
Aug 30, 2017, 19:19 PM IST