New Delhi: The recent reduction and rationalisation of Goods and Services Tax (GST) slabs — bringing them down to two and exempting certain categories, including health and life insurance premiums — had been under discussion for nearly 18 months, Union Finance Minister Nirmala Sitharaman said at an NDTV summit on Tuesday. Sitharaman stressed that the…
Last Updated:September 07, 2025, 08:42 IST The GST Council led by Nirmala Sitharaman slashes GST to 5 percent and 18 percent slabs from September 22, promising lower prices on essentials, healthcare, education, and more. The GST rationalisation will boost consumption in the country and push investments, says Finance Minister Nirmala Sitharaman. GST Reforms: The government…
Last Updated:September 06, 2025, 20:32 IST Nirmala Sitharaman thanked state finance ministers for supporting the GST overhaul, unanimously approved at the GST Council, and promising relief for the common man. Finance Minister Nirmala Sitharaman. Union Finance Minister Nirmala Sitharaman wrote to finance ministers of all states, expressing gratitude for their support and active role in…
New Delhi: In what comes as a relief to e-commerce exporters, the GST Council has approved DGFT’s proposal to eliminate the value threshold for GST refunds on low-value consignments. The relevant section of the CGST Act, 2017 will be amended to allow refunds for exports made with payment of tax, regardless of value. This long-awaited…
Mumbai: Long held in the highest tax bracket, cement now shifts to a different slab. The Goods and Services Tax (GST) Council has lowered the tax rate on the key building material from 28% to 18%. The change will take effect from September 22, a date chosen to coincide with Navratri, a festival that sees…
Last Updated:September 03, 2025, 13:22 IST GST Council meet may bring key reforms, boosting autos, consumer durables & discretionary consumption sectors; Key points for investors GST Council Meet Strong enough to partially cushion the blow of Donald Trump’s proposed 50% tariff on Indian goods, the upcoming Goods and Services Tax (GST) reforms could be a…
New Delhi: The government has officially notified the Income-tax Act, 2025, which consolidates and amends the existing income tax law, replacing the over six-decade-old Income Tax Act, 1961. The Act received the President’s assent on August 21, according to a gazette notification issued by the Ministry of Law and Justice. The new simplified Act, which…
File photo: Finance minister Nirmala Sitharaman (Picture credit: PTI) Finance minister Nirmala Sitharaman on Saturday said that sustaining economic growth in the face of global uncertainties remains India’s foremost priority. She also underlined that the government will continue to rely on increased public capital expenditure as a major tool to drive development.Speaking at a book…
New Delhi: The Goods and Services Tax (GST) Council is expected to meet soon to review the tax regime. This could be the most significant review since the scheme was announced on July 1, 2017, eight years ago. According to reports, a sweeping reassessment of tax rates on consumer goods, which are currently taxed at…
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday received dividend cheques to the tune of Rs 5,304 crore on behalf of the government from three public sector banks for the financial year ended on March 31, 2025. A dividend cheque of Rs 2,335 crore for FY 2024-25 was presented to the Finance Minister, in her…
