GST Reforms | DD News

September 4, 2025 2:55 PM

FICCI hails GST 2.0 as consumer-focused, growth-oriented reform

The Federation of Indian Chambers of Commerce & Industry (FICCI) on Thursday welcomed the GST 2.0 reforms, calling them a consumer-focused and growth-oriented step that would bring transparency, predictability and stability to India’s tax system while correcting inverted duty structures in several sectors. The GST Council has approved a two-tier GST structure, effective from September 22, which FICCI said will directly benefit households, labour-intensive industries, MSMEs and critical se...

September 4, 2025 1:53 PM

Auto sector welcomes GST rate cut, urges Centre to focus on electric vehicles

The auto industry has welcomed the GST Council's decision to rationalise tax rates, calling it a landmark reform that will boost affordability, spur demand, and accelerate India's transition to sustainable mobility. Leading industry voices said that the rationalisation of GST rates will provide a significant boost to consumption during the festive season and accelerate India's journey towards cleaner and more affordable mobility. Anish Shah, Group CEO & MD of Mahindra Group, welcomed ...

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 4, 2025 10:48 AM

BJP, allies hail GST reforms as ‘big gift’ to middle class, say relief will boost economy

The GST Council has approved sweeping reforms in India's indirect tax regime, reducing the number of slabs and cutting rates on a wide range of essential goods and services. The move was hailed by the BJP and its allies as a "big gift" for the middle class. Under the new structure, only two primary slabs will remain -- 5 per cent and 18 per cent -- along with a higher 40 per cent rate for sin goods. Officials said the revised structure will leave more disposable income in the hands of the comm...

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 ...

September 4, 2025 10:06 AM

GST booster: Sensex rallies over 550 points in morning trade, Nifty Auto jumps 2.51%

The Indian benchmark indices opened higher on Thursday, buoyed by transformative rate reductions announced by the GST Council across sectors. As of 9:25 am, the Sensex was up 554 points, or 0.69 per cent, at 81,122, while the Nifty rose 159 points, or 0.64 per cent, to 24,874. Among broader indices, the Nifty Midcap 100 inched up 0.21 per cent, while the Nifty Smallcap 100 edged higher by 0.05 per cent. The GST Council has reduced rates across insurance, medicines and daily essentials, provid...

September 4, 2025 9:59 AM

GST reforms a true Diwali gift to nation: Pawan Kalyan

Andhra Pradesh Deputy Chief Minister Pawan Kalyan on Thursday welcomed the Goods and Services Tax (GST) reforms approved by the GST Council. The Jana Sena leader, in a post on ‘X’, termed the GST reforms as a true Diwali gift to the nation. He stated that, fulfilling the assurance given from the Red Fort on Independence Day, Prime Minister Narendra Modi-led Central government has now brought forward next-generation reforms by reducing the GST burden. “I especially welcome the significan...

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....

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...

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 ...