Next-Gen GST reforms begin: Ashwini Vaishnaw hails household savings

September 22, 2025 1:44 PM

Next-Gen GST reforms begin: Ashwini Vaishnaw hails household savings

As the next-generation Goods and Services Tax (GST) reforms come into effect on Monday, Union Minister Ashwini Vaishnaw expressed gratitude to Prime Minister Narendra Modi, highlighting that the changes will lead to substantial household savings. Vaishnaw interacted with shopkeepers in the national capital to raise awareness about the reforms. Speaking to the media, he said, “I want to wish everyone for Navratri. PM Narendra Modi has taken a historic decision to reduce the tax slabs, which wi...

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

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...

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

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...