GST Council | DD News

September 22, 2025 1:36 PM

Major GST reforms in coal to reduce tax burden, enhance self-reliance

The Ministry of Coal has welcomed the landmark decisions taken at the 56th meeting of the GST Council in New Delhi, which have introduced significant changes to the taxation structure of the coal sector. These reforms are being hailed as a transformative step towards Aatmanirbhar Bharat in Coal, benefiting both producers and consumers. Key decisions from the meeting include the removal of the ₹400 per tonne GST Compensation Cess on coal and an increase in the GST rate from 5% to 18%. The imp...

September 21, 2025 2:08 PM

From cars to groceries: what gets cheaper under new GST structure

From automobiles and electronics to food items and medicines, as many as 375 goods and services will become cheaper from Monday as the new GST framework comes into effect. The GST Council’s decision to rationalise the tax structure from four slabs to just two — 5 per cent and 18 per cent — marks one of the most sweeping reforms since the introduction of the indirect tax regime. A special 40 per cent rate will continue to apply on luxury and sin goods, including tobacco, pan masala, sugary...

September 4, 2025 1:21 PM

GST Council cuts tax on renewable energy equipment to 5 percent

The Goods and Services Tax (GST) Council has reduced the tax on renewable energy devices and manufacturing parts from 12 per cent to 5 per cent, effective from September 22 this year. The Council also raised the tax on coal and lignite from 5 per cent to 18 per cent to offset revenue losses for state governments. The Council has lowered the GST on non-lithium-ion batteries, including lead acid, sodium, and flow batteries, from 28 per cent to 18 per cent to scale grid-scale energy storage techn...

September 3, 2025 11:17 PM

Government unveils next-generation GST reforms; daily essentials get cheaper

Finance Minister Nirmala Sitharaman on Wednesday announced a major reform in the Goods and Services Tax (GST) regime, consolidating the 12% and 18% tax slabs into a simplified dual-rate structure of 5% and 18%, with a higher 40% rate retained for sin goods. The move, described as “Next-Generation GST,” is aimed at boosting affordability, consumption, and economic efficiency while making compliance easier for businesses. At a press conference, the Finance Minister said the reforms have been...

September 3, 2025 10:52 PM

Goods to turn cheaper as GST Council brings more consumer items under lower tax rates

The Goods and Services Tax (GST) Council has decided to bring a wider range of consumer goods under the lower tax slab, in a move aimed at easing the burden on households and stimulating demand. According to sources, items such as shoes and clothes priced up to ₹2,500 will now attract a GST of 5 per cent, compared to the earlier threshold of ₹1,000. Goods above this limit had so far been taxed at 12 per cent. The Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising ...

September 1, 2025 5:02 PM

GST collections rise 6.5% in August to Rs 1.86 lakh crore

India’s Goods and Services Tax (GST) collections rose by 6.5% year-on-year to ₹1.86 lakh crore in August 2025, according to government data released on Monday. This marks the eighth consecutive month that revenues have remained above the ₹1.8 lakh crore mark, reflecting robust domestic consumption and steady economic activity. During August, gross domestic GST revenue grew 9.6% to ₹1.37 lakh crore, while tax from imports slipped 1.2% to ₹49,354 crore. Refunds fell sharply by 20% year-...

September 16, 2024 3:26 PM

GST rates slashed for certain cancer drugs, namkeens, shared helicopter service

In its meeting on Monday, the Goods and Services Tax (GST) Council announced several key decisions aimed at reducing tax burdens across various sectors. To alleviate the financial strain of cancer treatment, the Council slashed GST rates on certain cancer drugs from 12% to 5%. The drugs benefiting from this reduction are Trastuzumab Deruxtecan, Osimertinib, and Durvalumab. The food industry also saw relief as the GST rate on namkeens and savoury items was reduced from 18% to 12%, effective pro...