The Goods and Services Tax (GST) Council, at its 56th meeting, announced a major overhaul of the tax structure, effective 22 September 2026. The current four-tier system has been rationalised into a ...

In its 56th meeting, the GST Council rolled out a new two-slab structure of 5% and 18%, terming it a Diwali bonanza for consumers. With rates on cement, marble, granite, fly ash bricks, and boards ...

Bernstein reports that recent GST rate reductions will stimulate consumer spending, benefiting sectors like FMCG, QSRs, footwear, and grocery retail. Reduced GST on personal care products offers ...

The story so far: On September 3, the GST Council authorised a new paradigm in the indirect tax regime. There will be fewer rates, and the Goods and Services Tax (GST) on most items have been reduced.

Car dealers in India are seeking government and automaker assistance to manage approximately Rs 2,500 crore in unadjusted GST cess. With a large inventory accumulated for the festive season, dealers ...

As of September 22, 2025, food delivery apps such as Zomato and Swiggy will need to apply an additional 18% GST on delivery fees, over and above the existing 5% GST on food orders. The GST Council has ...

GST Reforms 2025: The revised rates will be effective from September 22. GST Reforms 2025: Union Finance Minister Nirmala Sitharaman, chairing the 56th meeting of the GST Council on September 3, ...

The Diwali gift promised by Prime Minister Narendra Modi arrived early. Previously expected around Diwali, the sweeping reforms to the goods and services tax (GST) were approved earlier this week and ...

Within a few months after the roll-out of the revamped Goods and Services Tax (GST), revenues will tend to stabilise and then pick up, according to the Central Board of Indirect Taxes & Customs (CBIC) ...

The sweeping changes to the Goods and Services Tax (GST) regime, authorised by the GST Council on Wednesday (September 3, 2025), have come as a shot in the arm for the mood of the people, and, ...

GST rate cut: The Goods and Services Tax (GST) Council has announced a revised two-tier structure with rates of 5% and 18%. Union finance minister Nirmala Sitharaman said the changes are part of a ...

Overall, the GST rate cut represents a structural positive for the automotive sector. In one of the most significant tax reforms in recent years, the GST Council’s rate rationalisation marks a ...