GST | DD News

September 4, 2025 8:52 AM

Next-gen GST reforms: Health, life insurance made tax-free, several medical essentials made cheaper

The landmark next-generation GST reforms that were announced on Wednesday include significant relief to citizens in the healthcare and insurance sectors. One of the biggest announcements is the complete removal of GST on individual health and life insurance. Until now, they have attracted 18 per cent GST. With the new reform, they have been moved to the zero-tax bracket, making health and life insurance more affordable and accessible to a wider section of society. These reforms, cleared by the ...

September 4, 2025 8:44 AM

‘Will boost economic growth, support India’s vision of Atmanirbhar Bharat’: Hardeep Puri lauds GST reforms

Lauding the Centre's landmark decision to slash and rationalise GST rates, Union Minister Hardeep Puri on Thursday said that these changes will boost economic growth and further support India's vision of 'Atmanirbhar Bharat'. In a post on X, the Union Minister stated that these reforms aim to improve the ease of living for citizens, adding that it will focus on creating a stable, transparent, and growth-oriented tax system that will benefit farmers, the middle class, MSMEs, and businesses."As a...

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-...

August 26, 2025 12:10 PM

PM Modi’s GST reform to cheer common people, five reasons why it matters for one and all

The Prime Minister's 15 August speech from the ramparts of the Red Fort always brings a smile to one and all. However, the 79th Independence Day speech delivered by PM Narendra Modi -- in the backdrop of Donald Trump's tariff policies and geopolitical ruckus -- is seen as the Mahabharata's famous “Sudarshan Chakra” which is on its course to safeguard India's financial sovereignty from global headwinds and international roadblocks. Whenever India faces the rattles of international disruptio...

August 15, 2025 9:00 AM

PM Modi promises GST overhaul ahead of Diwali; says the review is need of the hour

Prime Minister Narendra Modi, in a bold Independence Day declaration, announced the formation of a high-level task force to spearhead next-generation reforms across governance, taxation, and public service delivery. Addressing the nation from the Red Fort on Friday, PM Modi said, “We have decided to form a task force for next-generation reform. Our aim now is to bring about all kinds of reforms.” In a festive note, the Prime Minister promised a “double Diwali” for citizens this year, h...

August 1, 2025 6:05 PM

GST collections rise 7.5% in July to Rs 1.96 lakh crore

India’s Goods and Services Tax (GST) collections rose to Rs 1.96 lakh crore in July, up 7.5 per cent from the same month of the previous year, according to government data released on Friday. The increase was driven by higher revenue from both domestic transactions and imports, reflecting steady economic activity, though the growth pace was slower than in recent months. Between April and July this year, gross GST revenue stood at Rs 8.18 lakh crore - marking a 10.7 per cent jump from Rs 7.39...

July 22, 2025 10:40 AM

GST at Eight Years: Report Highlights Growth in Revenue and growing Women’s Inclusion in Formal Economy

There are over 1.52 crore active Goods and Services Tax (GST) registrations and one-fifth of registered GST taxpayers in India now have at least one woman, and 14 per cent of registered taxpayers have all female members (on the basis of the constitution of business), an SBI report revealed on Tuesday. This representation is substantially high in limited liability partnership (LLP) and private limited companies and the vectors of increased formalization and momentum in corporate playbook augur w...

January 24, 2025 9:30 PM

Natural gas, aviation fuel likely to come under GST: Hardeep Puri

Union Petroleum and Natural Gas Minister Hardeep Puri stated on Friday that there is an increasing consensus on bringing natural gas under the Goods and Services Tax (GST) regime. However, he refrained from specifying a timeline for this development. Addressing a press conference, Puri emphasized the progress made in LPG connections, citing the PM Ujjwala scheme. “LPG is 100 per cent saturated,” he said. On the issue of LPG being under GST, Pankaj Jain, Petroleum and Natural Gas Secretary, ...

January 2, 2025 5:12 PM

Indian economy in robust spot globally in 2025 with high frequency indicators picking up growth

As 2025 begins amidst heightened global uncertainties, India continues to be in a much stronger position with high-frequency indicators showing a pick-up in the pace of growth in the third quarter of the current fiscal (Q3 FY25), according to a report on Thursday. GST collections, services purchasing managers' index (PMI), air passenger growth, and vehicle registrations saw a notable improvement in Q3 versus Q2, according to a Bank of Baroda (BoB) report. On the other hand, in China, while the...

January 1, 2025 7:11 PM

GST collections reach ₹1.77 lakh crore in December 2024

India's Goods and Services Tax (GST) collections rose to ₹1.77 lakh crore in December 2024, a 7.3% increase compared to ₹1.65 lakh crore in December 2023, as per data released by the government. The breakdown of December's GST collections includes ₹32,836 crore from the Central GST, ₹40,499 crore from the State GST, ₹47,783 crore from the Integrated GST, and ₹11,471 crore from cess. Revenue from domestic transactions grew by 8.4% to ₹1.32 lakh crore, while tax collections from im...