GST 2.0 | DD News

October 27, 2025 3:39 PM

GST reforms boost India’s consumption and demand; growth outlook revised upward

The rollout of GST 2.0 has started showing a positive impact on India’s economy, with stronger consumption trends, higher sales across key sectors, and improved consumer sentiment, Finance Ministry’s data showed on Monday. The reform, coupled with the festive season, has boosted demand and is expected to further strengthen growth momentum in the coming months, according to the monthly economic review for September 2025. The implementation of lower GST rates has encouraged both consumption ...

September 22, 2025 10:25 AM

GST 2.0 takes effect today, major tax reforms to ease prices for consumers

The Government of India on Monday implemented a major overhaul of the Goods and Services Tax (GST) regime, introducing a simplified two-tier tax system and revised rates for over 375 items, aimed at easing prices for consumers across the country. Under the new GST structure, most goods and services will now be taxed at either 5 per cent or 18 per cent, replacing the previous four-slab system. A higher rate of 40 per cent will apply only to ultra-luxury items, sin goods, and other demerit produc...

September 21, 2025 5:44 PM

‘GST Utsav’ from tomorrow: PM Modi calls it a festival of savings for all Indians

Prime Minister Narendra Modi on Sunday announced the launch of a nationwide “GST Utsav” from the first day of Navratri on Monday, describing it as a festival of savings for the people of India. The initiative coincides with the implementation of new GST rates across the country. Addressing the nation, PM Modi said that from September 22, citizens will be able to purchase a wide range of products at lower prices under the new GST framework. “Next Gen GST reforms being implemented from tomo...

September 9, 2025 3:53 PM

India well-placed for long-term alpha creation, says Jefferies

Global brokerage firm Jefferies has said that India remains a strong candidate for long-term wealth creation despite recent market underperformance and global headwinds. In its latest report, Jefferies highlighted that small- and mid-cap stocks present strong growth opportunities, even as large-cap counters show limited upside. The automobile sector, in particular, is expected to benefit significantly from the GST cut, with demand projected to rise after September 22. Auto stocks have alrea...

September 8, 2025 2:56 PM

GST 2.0 reforms to boost defence, renewables, solar sectors: Report

India's capital goods-related segments, such as defence, renewable and industrial machinery, could hugely benefit from the revision of the Goods and Services Tax (GST) structure, a report has said. Defence procurement and indigenous manufacturing, highly sensitive to indirect tax structures, will benefit from revisions to GST rates, significantly reducing the tax burden on critical equipment, components, and subsystems, according to the broking house. High-value imports and critical spares bei...

September 8, 2025 1:28 PM

GST reforms to reduce complexity, improve compliance and lower costs for MSMEs: Report

In response to the adverse external developments, especially around US tariffs, the government has sought to soothe the economic impact by revitalising consumption, among other measures, with the GST 2.0 reforms, a report said on Monday. The GST Council's decision to simplify the structure with just three slabs -- 5 per cent for essentials, 18 per cent for standard goods and services, and 40 per cent for sin and luxury items -- is expected to reduce complexity, improve compliance, and lower cos...

September 8, 2025 12:34 PM

GST 2.0: Fueling India’s commerce with simpler, smarter taxation

The GST Council, at its 56th meeting, approved a set of next-generation reforms aimed at simplifying India’s indirect tax regime, widening inclusivity and laying the groundwork for long-term growth. The changes, will come into effect from September 22. At the heart of the reform is a streamlined two-slab GST regime: 5% and 18%, replacing the earlier four-tier structure. A special 40% levy will apply only to luxury and sin goods, such as pan masala, tobacco, aerated drinks, and high-end automo...

September 4, 2025 10:57 PM

Teachers are nation-builders, urged to inspire youth: PM Modi

Prime Minister Narendra Modi on Thursday addressed the National Awardee Teachers in New Delhi, lauding their role in nation-building and emphasizing the pivotal impact of educators in shaping India’s future. Calling teachers a “powerful force in nation-building,” PM Modi said that honoring them is not merely ceremonial but a recognition of their lifelong dedication and societal contribution. He congratulated the awardees, noting that millions of teachers across India demonstrate commitmen...

September 4, 2025 5:16 PM

GST reforms seen adding only 0.05% of GDP to centre’s fiscal burden: Bernstein

The sweeping Goods and Services Tax (GST) reforms announced by the government this week are expected to have only a marginal impact on the Centre’s finances, with the fiscal cost pegged at around Rs 18,000 crore, or 0.05 per cent of India’s projected GDP for FY26, global brokerage Bernstein said in a report on Thursday. The government on September 3 unveiled a major overhaul of the GST structure, reducing the number of tax slabs and cutting rates on a wide range of goods—from FMCG items a...

September 4, 2025 10:13 AM

GST on 33 cancer drugs, rare disease medicines slashed to 0 from 12 pc: FM Sitharaman

In a historic move, the Union government has slashed the Goods and Services Tax (GST) rates for 33 cancer drugs and rare medicines -- from 12 to zero per cent. The decision taken by the GST Council, chaired by Finance Minister Nirmala Sitharaman, on Wednesday, rationalised the indirect tax structure, cutting the current four slabs down to two -- scrapping the 12 per cent and 28 per cent rates, while retaining the 5 per cent and 18 per cent slabs. "GST on 33 life-saving drugs and medicines has ...