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

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 ...

GST 2.0: Small cars, 2-wheelers to get cheaper ahead of festive season

September 4, 2025 9:47 AM

GST 2.0: Small cars, 2-wheelers to get cheaper ahead of festive season

The GST rate rejig will make small cars and two-wheelers cheaper and big SUVs also are set to become affordable, as the festive season inches closer. The GST Council has approved transformational changes to India's indirect tax structure — adopting a 5 per cent and 18 per cent tax structure — and several daily-use goods will become cheaper from September 22. Reducing GST on small cars to 18 per cent is a big boost for the auto industry, especially with the festive season around the corner....

Huge impact on Govt’s effort to improve ease of living & doing business: EAM Jaishankar hails next-gen GST reforms

September 4, 2025 9:31 AM

Huge impact on Govt’s effort to improve ease of living & doing business: EAM Jaishankar hails next-gen GST reforms

After the Union government announced sweeping next-generation GST reforms to bring relief across sectors, from daily essentials and healthcare to farming, education, automobiles, and appliances, External Affairs Minister (EAM) S. Jaishankar lauded the rollout and said that this will have a significant impact on the Centre's efforts to improve ease of living and doing business in the country. Taking to social media platform X early Thursday morning, EAM Jaishankar said: "Delivering on PM@narendr...

HM Amit Shah, Rajnath Singh, CMs of BJP-ruled states hail PM Modi’s leadership for ‘historic’ GST reforms

September 4, 2025 9:19 AM

HM Amit Shah, Rajnath Singh, CMs of BJP-ruled states hail PM Modi’s leadership for ‘historic’ GST reforms

Lauding Prime Minister Narendra Modi's visionary leadership for delivering on his promises to the people of the country, Union Home Minister Amit Shah termed the GST tax rate cuts and reforms as a "truly transformative decision" and added that these reforms will not only "ensure ease of living but also give a big boost to ease of doing business, especially for small traders and entrepreneurs". Taking to his official X account, Union Home Minister Shah said: "PM @narendramodi Ji stands for what ...