Author: admin_gst

Theaterisation will come, just have to see how long it will take: Army Chief
GST
Dated:- 6-9-2025
PTI
New Delhi, Sep 5 (PTI) Army Chief General Upendra Dwivedi on Friday asserted that theaterisation or the integration of Army, Air Force and Navy capabilities will take definitely take place and the question is only about how long it would take to materialise.
If one has to deal with multiple agencies, “theaterisation is the answer”, he said.
Dwivedi made the remarks while interacting with media after launching a book titled 'Operation Sindoor: The Untold Story of India's Deep Strikes Inside Pakistan' at Manekshaw Centre here.
He was asked about his stand on theaterisation, after divergent views emerged recently on the move p

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ncies, theaterisation is the answer. Because unity of command is more important. You need one commander to achieve coordination in execution. Theaterisation is absolutely necessary,” he asserted.
The Army chief's remarks comes nearly two weeks after chiefs of other two forces expressed their views on theaterisation.
At a two-day tri-services seminar 'Ran Samwad' held at the Army War College in Mhow last month, Indian Air Force chief Air Chief Marshal A P Singh and Navy chief Admiral Dinesh K Tripathi spoke on theaterisation, making it clear that the two forces have divergent views on the plan.
The Chief of Air Staff had said that armed forces should not come under any pressure to roll out theatre commands.
At the concluding session, Chi

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efit all the three segments.
GST rates on heavy equipment has been reduced from 18 per cent to 5 per cent, which he said will “facilitate us in our modernisation and upgradation work”.
On the rate cut on Unarmed Aerial Vehicles (UAV), he said it would give a major push. “In future wars, drones, UAVs, and counter UAVs will have a big role. So keeping that in mind, it is a good news for us,” he said.
He was also asked about the situation along the Line of Control (LoC) in the wake of Operation Sindoor. “We will have to see the impact from a long-term perspective,” the Army chief said.
“Has state-sponsored terrorism stopped today? I don't think so. Why? Because infiltration attempts are still being made at the LoC. How many terrorists we h

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Assam Cong questions GST theft accusedÂ’s bail, advocate generalÂ’s role
GST
Dated:- 5-9-2025
PTI
Guwahati, Sep 5 (PTI) The Assam Congress on Friday questioned the bail granted by Gauhati High Court to a person accused in a multi-crore Goods and Services Tax (GST) evasion case and alleged that it reflects a 'deep-rooted rot' in the BJP-led government's handling of justice in the state.
The opposition party also raised objection to state advocate general Devajit Saikia appearing for the accused, and demanded a CBI inquiry into the bail order, the role of the counsel and the broader “political nexus shielding the syndicate”.
Gaurav Agarwal – 2025 (9) TMI 392 – GAUHATI HIGH COURT, an accused in a multi-crore rupees Goods and Servi

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usations are under the CGST Act, 2017, and the prosecution agency is the Union government through the DGGI.
He maintained that since the state government is not the prosecuting agency nor was the alleged offence committed under a state Act, there would be no bar in Saikia appearing for Agarwal, while also noting that the advocate general has obtained consent from the state government for his appearance in the case.
Accepting Saikia's arguments, the court granted Agarwal a bail bond of Rs 1 lakh with a suitable surety of like amount, subject to satisfaction of the chief judicial magistrate (Kamrup-Metro), as per certain specified conditions.
Terming it a “controversial bail order”, the state Congress claimed that it “exposes the deep-root

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HIGHLIGHTS
GST
Dated:- 5-9-2025
PTI
New Delhi, Sep 5 (PTI) Following are the top stories at 9.05 pm: TOP STORIES DEL59 MEA-LD INDOUS-TRUMP India declines to comment on Trump's latest remarks; but firmly rejects Navarro's criticism New Delhi: India on Friday declined to respond to US President Donald Trump's remarks that New Delhi is inching closer to China even as it rejected as “inaccurate and misleading” White House Trade advisor Peter Navarro's attack on it for procurement of Russian crude oil.
FGN57 US-LUTNICK-INDIA
India will be at negotiating table 'in a month or two': Lutnick New York/Washington: Terming India as the ‘vowel’ between Russia and China in the BRICS grouping, US Commerce Secretary Howard Lutnick on Friday said New Delhi will be at the negotiating table and will try to make a deal with President Donald Trump in a couple of months. By Yoshita Singh
BOM31 MH-BOMB THREAT-LD POLICE Police on alert as threat message on WhatsApp claims 14 'terr

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Goyal said on Friday, stating that the industry has given him assurance that the entire fall in taxes on various items will be reflected in their prices.
BOM30 MH-AJIT PAWAR-IPS-BAWANKULE Bawankule defends Ajit Pawar over IPS officer row; says he can never exert pressure for illegal work Mumbai: Maharashtra Revenue Minister Chandrashekhar Bawankule on Friday came out in defence of Deputy Chief Minister Ajit Pawar, who is facing flak over a viral video that showed him rebuking a woman IPS officer and asking her to stop action against illegal soil excavation.
BOM23 MH-SHILPA SHETTY-LD POLICE Lookout circular issued against actor Shilpa Shetty, husband Raj Kundra in Rs 60 crore cheating case Mumbai: The Mumbai police have issued a Lookout Circular (LOC) against Bollywood actor Shilpa Shetty and her businessman husband Raj Kundra in connection with a Rs 60 crore cheating case, officials said on Friday.
CAL22 BH-BIDIS-ROW X post on proposed drop in GST rates for 'bidis' triggers

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by the state police through a Special Investigating Team (SIT).
LEGAL LGD8 CJI-JUDICIARY Judiciary serves as bridge between people and Constitution: CJI B R Gavai New Delhi: Chief Justice of India B R Gavai on Friday said judiciary served as a bridge between the aspirations of the people and the ideals enshrined in the Constitution.
BUSINESS DEL56 BIZ-2NDLD-VEDANTA-JAIPRAKASH Vedanta beats Adani Group with Rs 17,000 cr bid to acquire JAL New Delhi: Mining conglomerate Vedanta on Friday beat Gautam Adani's Group to make a winning bid for the acquisition of debt-ridden Jaiprakash Associates (JAL) for Rs 17,000 crore, according to sources.
DEL43 BIZ-RESULTS-SPICEJET SpiceJet flies into red; posts Rs 238 cr loss in Jun quarter mainly on higher costs New Delhi: Flying into the red, SpiceJet on Friday reported a net loss of Rs 238 crore for the three months ended June, saying expenses related to grounded aircraft and subdued leisure travel demand impacted the financials.
DEL4

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CM Siddaramaiah backs GST rate rationalisation; urges Centre to release compensation cess to states
GST
Dated:- 5-9-2025
PTI
Bengaluru, Sep 5 (PTI) Karnataka Chief Minister Siddaramaiah on Friday welcomed the GST CouncilÂ’s decision to rationalise GST rates and said the state could lose Rs 15,000-20,000 crore in revenue due to the move. He urged the Centre to devolve the compensation cess, still being collected on certain sin goods, back to the states.
He also stressed that the union government and the Central Board of Indirect Taxes and Customs (CBIC) must ensure that the benefits of GST rationalisation reach consumers.
“We welcome the decision of the GST Council to rationalise GST rates, an important step to reduce both the m

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share the remaining two-thirds, meaning a three-fourths majority is required for any reform.
“This means that even if all states agree, a stubborn central government can block reforms. That is exactly what ModiÂ’s government did. TodayÂ’s course correction proves that our stand was right all along. The people of India could have been spared years of hardship had the union government listened earlier,” he claimed.
Siddaramaiah reiterated that the reduction in rates must lower prices for consumers, not increase profit margins for large corporates.
“If the benefits fail to reach the common man, the blame will rest squarely on the union government,” he said.
Highlighting that Karnataka alone could lose Rs 15,000-20,000 crore in revenue due

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X post on proposed drop in GST rates for 'bidis' triggers row in Bihar between BJP and Cong
GST
Dated:- 5-9-2025
PTI
Patna, Sep 5 (PTI) The BJP and Congress locked horns in Bihar on Friday over a social media post by the opposition party, which allegedly made disparaging remarks about the state while criticising the reduction in GST rates for “bidis”.
Leaders like Union Minister Nityanand Rai and Bihar Deputy Chief Minister Samrat Choudhary, both former state BJP presidents, came out with strongly worded statements against the X post of Kerala unit of the Congress, which has since been deleted.
In the post, a chart depicting a hike in proposed GST for cigars, cigarettes and tobacco, from the existing 28 per cent to 40 per cent

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parties a lesson at appropriate time”, said Rai, in an apparent reference to the upcoming assembly polls.
State Congress president Rajesh Kumar responded to the BJP's tirade saying “The post has been deleted in order to honour public sentiment. But, the ruling BJP-led NDA is distorting facts. B for Bihar was written to underscore that the GST rates have been amended with an eye on assembly polls”.
“Bidis are called sin goods as smoking these has an adverse impact on health. But the GST rate rationalisation, in which both Union Finance Minister Nirmala Sitharaman and Samrat Choudhary, who holds the portfolio in the state, would promote smoking”, said the BPCC president.
He added, “On the other hand, long-standing demand to bring petrol an

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Amusement Park Industry Appeals for GST Relief to Support Middle-Class Recreation and Job Creation:
GST
Dated:- 5-9-2025
PTI
Mumbai, 5th September 2025; In light of the evolving global economic scenario, the recently announced two-rate GST structure is a progressive move. This framework has the potential to provide additional disposable income to the middle and lower middle classes, allowing families to explore recreational avenues after meeting essential household expenses. We are optimistic that this will lead to increased footfall at amusement parks across the country.
Amusement parks play a vital role as part of the nation’s social infrastructure —offering families safe, accessible spaces for bonding and mental well-being,

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ecreational experiences more affordable for the average Indian family.
Unfortunately, the amusement industry has been overlooked in this round of revisions. While we may have “missed the bus” this time, we remain hopeful that our longstanding demand for 5% GST On park entry will be recognized in the near future.
We respectfully urge the GST Council to re-evaluate our appeal with foresight , acknowledging the potential of the amusement park sector to: * Support job creation * Strengthen the broader tourism ecosystem * Deliver affordable, wholesome entertainment to millions of citizens We believe that a reduced GST rate will not only ease the financial burden on consumers but will also empower the industry to invest in better infrastructu

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Cess 'slitting throat of federalism': Derek O'Brien
GST
Dated:- 5-9-2025
PTI
New Delhi, Sep 5 (PTI) Trinamool Congress Rajya Sabha leader Derek O'Brien on Friday said the cess going to the Centre is “slitting the throat of federalism”, and noted that several states have voiced concern over the shrinking divisive pool of tax revenues.
In a blogpost, the TMC Rajya Sabha Leader said, “In all the hoopla about GST, the four-letter word which is slitting the throat of federalism is CESS”.
“Funds collected as cess go 100 percent to the Union government. Not a rupee is shared with the State governments,” he said.
O'Brien said in 2012, cess formed 7 per cent of the Union government's total tax revenues, while in 2025, cess is estim

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(over Rs 2 lakh crore).
Cess is imposed as an additional tax besides the existing tax and the proceeds may or may not be shared with the states.
A divisible pool is a portion of Gross Tax Revenue distributed between states and Centre. It comprises all taxes except surcharges and cess levied for specific purpose.
O'Brien also quoted former West Bengal Finance Minister Amit Mitra, and said GST rationalisation is a good step, provided the common people get the benefit, also pointing out that an anti-profiteering committee that ensured the lower GST would be passed on to the consumers, has been discontinued.
“Second, there also remains the question of how states will be compensated. Eleven ministers in the GST Council had asked for compe

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GST reforms will cause Rs 3,700 crore revenue loss to govt: SBI report
GST
Dated:- 5-9-2025
PTI
Kolkata, Sep 5 (PTI) The State Bank of India (SBI) in its latest research report said that reforms in GST through reduction in rates will cause a minimal revenue loss of Rs 3,700 crore.
The government estimates the net fiscal impact of GST rates rationalisation will be Rs 48,000 crore on an annualised basis.
According to the report, given the growth and consumption boost, the minimal revenue loss is estimated at Rs 3,700 crore and will have no impact on the fiscal deficit.
At the 56th meeting of GST Council held few days ago, the current four-tier structure has been replaced with a two-tier one, with a standard rate of 18 per cent

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Stock markets rally in early trade; Sensex climbs over 300 points
GST
Dated:- 5-9-2025
PTI
Mumbai, Sep 5 (PTI) Benchmark equity indices Sensex and Nifty rallied in early trade on Friday, buoyed by GST rate cuts announcement and a positive trend in global markets.
The 30-share BSE Sensex climbed 318.55 points to 81,036.56 in early trade. The 50-share NSE Nifty rallied 98.05 points to 24,832.35.
From the Sensex firms, Mahindra & Mahindra, Trent, Tata Motors, Asian Paints, Power Grid, and Reliance Industries were among the gainers.
ITC, Hindustan Unilever, NTPC, and Sun Pharma were among the laggards.
Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health an

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Writ dismissed; GST registration to be restored if petitioner files outstanding returns and pays taxes, penalties, interest in seven days
Case-Laws
GST
The HC dismissed the writ petition without adjudicating merits and directed restoration of the petitioner's GST registration subject to strict conditions. The petitioner must file outstanding returns and deposit taxes, penalties and interest within seven days; upon completion of requisite formalities the Competent Authority shall immediately restore the GST number. The order follows the prior technical dismissal on limitation but, without expressing any view on substantive liability, permits restoration on the petitioner's undertaking to comply with statutory obligations. Failure to comply within the stipulated seven-day period will render this directive inoperative. The writ petition is disposed of accordingly.
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Writ dismissed as premature; liberty to file appeal under Govt Circular Paras 4-5, pre-deposit under Section 112(8) required
Case-Laws
GST
The HC dismissed the writ petition as premature and granted the petitioner liberty to file an appeal before the Appellate Tribunal in accordance with Paragraphs 4 and 5 of the Government Circular dated 11.07.2024; the petitioner is directed to furnish the prescribed pre-deposit under Section 112(8) of the CGST Act and the requisite undertaking/affidavit within two weeks. Upon such compliance and on filing the undertaking that an appeal will be prosecuted when the Appellate Tribunal is constituted, recovery of the balance confirmed demand shall remain stayed under Section 112(9) of the CGST Act. The respondents raised no objection to this route and the petition is disposed of accordingly.
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Retrospective GST registration cancellation set aside; authority must allow reply and reconsideration, petitioner permitted to respond by 15 October 2025
Case-Laws
GST
The HC set aside the impugned order of retrospective cancellation of the petitioner's GST registration, finding that retrospective cancellation is unsustainable where the show-cause notice did not contemplate retrospective effect and principles of natural justice were infringed by the petitioner's failure to file a reply and to avail personal hearing. The court reiterated its established view that retrospective withdrawal of registration cannot be upheld absent explicit notice. The matter is remitted for reconsideration: the petitioner is permitted to file a reply to the SCN by 15 October 2025, after which the authority shall proceed in accordance with law. Petition allowed and impugned order dated 22 November 2024 set aside.
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Matter remitted for de novo adjudication; appellants to file additional reply, get personal hearing, 75% disputed tax held as deposit
Case-Laws
GST
The HC set aside the orders of the appellate and adjudicating authorities and disposed of the statutory appeal and accompanying writ, remitting the matter to the Assistant Commissioner, N.S. Road, Burrabazar, West Bengal for de novo adjudication. The appellants are directed to file an additional reply with supporting documents within three weeks of service; upon receipt the authority must afford a personal hearing to the appellants' authorised representative, conduct fresh proceedings and pass merit-based orders within six weeks of conclusion of the hearing, considering the effect of the December 11, 2023 discontinuance and any other grounds. Seventy-five percent of the disputed tax already recovered shall be treated as a deposit pending final determination.
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Re-imposed demands abandoned earlier cannot be revived without fresh adjudication; only remitted issues may face appellate remedy
Case-Laws
GST
The HC set aside the re-imposition of previously dropped demands relating to sub-contracting services and mobilisation advances, holding that those demands had been abandoned in earlier orders and were not before the appellate tribunal on remand; consequently they could not be resurrected without fresh adjudication or express direction. The court found a prima facie entitlement for the Petitioner to challenge only the matters remitted to the CESTAT and therefore permitted the Petitioner to pursue its appellate remedy before CESTAT subject to the conditions imposed by the HC. The petition is disposed, with adjudication on liability to be determined by CESTAT in accordance with the court's observations.
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Petition allowed, impugned orders quashed and deposit refunded; no mens rea or tax evasion; section 129(3) proceedings unsustainable
Case-Laws
GST
The HC allowed the petition and quashed the impugned orders, directing refund of the amount deposited by the petitioner. The court held that interception and seizure of electronic goods on account of a mismatch between the vehicle number in transport documents and the actual conveyance, coupled with non-updation of the e-way bill by the transporter, did not establish mens rea or tax evasion by the petitioner. Physical verification revealed concordant tax-invoice entries and serial numbers with the seized items, and the petitioner had notified the change of vehicle in its reply. In absence of discrepancy in goods or serial numbers, proceedings under section 129(3) could not be sustained against the petitioner.
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GST reforms to boost swadeshi, self-reliance: UP CM Adityanath
GST
Dated:- 5-9-2025
PTI
Gorakhpur/Lucknow, Sep 4 (PTI) Uttar Pradesh Chief Minister Yogi Adityanath on Thursday hailed the Centre's Goods and Services Tax (GST) reforms as a “next-generation tax revolution”, while Samajwadi Party (SP) president Akhilesh Yadav called those a “betrayal of the public”.
Adityanath thanked Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for the GST rate cut, saying the two-slab structure of 5 per cent and 18 per cent would ease household expenses, strengthen purchasing power and accelerate India's journey towards self-reliance.
Essential items like food, medicines and educational material will attract 0 to 5 per ce

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s, boost disposable income and strengthen the economy in the coming quarters.
However, the SP chief slammed the ruling Bharatiya Janata Party (BJP), accusing it of “looting” citizens for 10 years through a “flawed GST regime” that has fuelled inflation and unemployment.
“The poor, farmers and middle class have been crushed, while the government has overtaxed people and betrayed their trust,” Yadav said, addressing party workers in Lucknow.
Earlier in the day, Adityanath asserted that the GST reforms would give fresh momentum to agriculture, MSMEs, startups, women entrepreneurs and youngsters.
Faster refunds, simpler compliance and easier registration will ease business operations, while greater transparency in tax administration will st

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GST reforms to strengthen India's clean-energy transition: Environment minister
GST
Dated:- 4-9-2025
PTI
New Delhi, Sep 4 (PTI) Union Environment Minister Bhupender Yadav on Thursday described the government's overhaul of the Goods and Services Tax (GST) as a “historic Diwali gift” that will strengthen India's clean-energy transition.
In a post on X, Yadav said, “The GST rationalisation ensures that renewable energy remains the backbone of India's climate strategy.” In another post

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India's exports this year to be higher than 2024-25: Goyal
GST
Dated:- 4-9-2025
PTI
New Delhi, Sep 4 (PTI) India's exports during the current financial year would be higher than 2024-24, said Union Minister Piyush Goyal on Thursday, while asserting the government is working at a fast pace for diversification of outbound shipments.
The commerce and industry minister also said the industry has committed to pass on the benefits of the GST rate reduction to consumers.
“This has been a very special year for consumers,” he said while referring to the Income Tax benefits effected through the Union Budget and GST reforms announced on Wednesday evening.
Talking to reporters here, the minister said the reforms announced on the GST f

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s exports crossed USD 820 billion in 2024-25, marking a nearly 6 per cent increase over the previous fiscal year despite global economic uncertainties. The exports stood at USD 778 billion in 2023-24.
When asked how GST rate cut would help exports, Goyal said it will help all sections of industry.
“Those exporters who have been affected by any action, by a third country, will also get a chance to try and capture bigger Indian market and continue their business uninterrupted. So I think it's a win win for all,” he said.
To a query regarding diversification of export markets in the wake of challenges posed by US tariffs, Goyal said the government is already making efforts to promote new markets and new products going out form India.
H

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umer.
The ministry further said that the key takeaways from GST rationalisation for exporters include lower costs and global competitiveness; boost to MSMEs and export-oriented sectors; efficient supply chains and logistics; support for innovation and new products; and sustainable and structured growth.
“The rationalisation of GST is expected to lower input costs for MSMEs and exporters, reduce inflationary pressures on consumers, and correct structural anomalies such as inverted duty structures,” the ministry said.
Commerce Secretary Sunil Barthwal described rationalisation of GST rates as a decisive step in strengthening India's manufacturing base, empowering MSMEs, and enhancing the competitiveness of Indian goods in domestic and i

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Bengal''s healthcare leaders welcome GST reforms, highlight impact on affordability, access
GST
Dated:- 4-9-2025
PTI
Kolkata, Sep 4 (PTI) Prominent personalities of West BengalÂ’s healthcare sector on Thursday welcomed the GST rate rationalisation, calling it a critical step toward improving access, affordability, and insurance coverage in the country's healthcare system.
The GST Council on Wednesday made sweeping changes to the indirect tax regime, approving an overhaul of rates by limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Rupak Barua, managing director and CEO of Woodlands Multispeciality Hospital Limited, emphasised the far-reaching impact of the tax reductions.

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l be if this step brings direct relief to patients and their families,” Datta said.
Chairman and managing director of Desun Hospital, Sajal Dutta, highlighted the tangible financial relief expected from the reforms.
“It's a welcome step that will directly ease the burden on patients and families. Combined with lower GST on medical insurance, this move will reduce out-of-pocket expenses and make quality care more affordable. On average, hospitalisation costs could come down by 8-10 per cent, offering much-needed financial relief across the healthcare sector,” Datta said.
Adding further perspective, Dr Sudipta Mitra, chief executive of Peerless Hospital, said the reduction would bring much relief to patients.
“This would bring much re

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BJP hails GST reforms as 'historic measure' to help common people, Oppn seeks 5 yrs more compensation to states
GST
Dated:- 4-9-2025
PTI
New Delhi, Sep 4 (PTI) The BJP on Thursday hailed the GST reforms as a historic measure that will benefit every section of society, while Opposition parties demanded that states be given compensation for five years for revenue losses.
The Opposition parties also hoped that reduction in rates would be passed on to consumers, even as the Congress said this reform is “GST 1.5” and wait for the “true GST 2.0” remains.
Wide-ranging reforms were announced by the GST Council on Wednesday, doing away with tax slabs of 28 per cent and 12 per cent, and initiating only two slabs of 5 per cent and 18 per cent under the tax regime.
West Bengal Chief Minister Mamata Banerjee took credit for the GST Council decision to slash tax rates, saying, “I had demanded that insurance be exempted from GST. They were forced to do it. It was our protest that led t

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party's double standards as Rahul Gandhi opposes decisions supported by finance ministers of state governments run by his party. All decisions of the GST Council, he asserted, were taken by consensus.
Nadda said the Congress-led UPA government could not even implement the GST because states did not trust it. On the contrary, the Congress at that time robbed poor people and traders through Value Added Tax (VAT) and left ample scope for tax evasion, he claimed.
The Modi government instead realised the concept of 'one nation one tax' by rolling out the GST in 2017, he said.
Congress president Mallikarjun Kharge said his party has been demanding simplification of GST for almost a decade.
“The Modi government changed 'One Nation, One Tax' to 'One Nation, 9 Taxes'. It included tax slabs of 0%, 5%, 12%, 18%, 28% and special rates of 0.25%, 1.5%, 3% and 6%,” he said.
“The Congress party had demanded GST 2.0 with a simple and rational tax system in its 2019 and 2024 manifestos,” he said.

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onaires, while the rate of Corporate Tax has been reduced from 30% to 22%,” he said.
Congress general secretary in-charge communications Jairam Ramesh said that a key demand of the states made in the true spirit of cooperative federalism, namely, the extension of compensation for another five years to fully protect their revenues, remains unaddressed.
It was meant to be a Good and Simple Tax. It turned out to be a Growth Suppressing Tax, he said, adding that benefits of rate cuts should be passed on to consumers.
“However, the wait for a true GST 2.0 continues. Whether this new GST 1.5, if it can be called that, stimulates private investment – especially in manufacturing – remains to be seen,” Ramesh said.
Senior Congress leader and former finance minister P Chidambaram described the overhaul as a “U-turn”, saying these steps are eight years too late. “I am happy that the government has realised that the path on which they had walked for 8 years was wrong, and done a U-turn,” he s

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Farmer's body, govt, opposition hail reduction in GST slabs
GST
Dated:- 4-9-2025
PTI
Shimla, Sep 4 (PTI) The state government, opposition and farmers' body have hailed the decision to slash Goods and Service Tax (GST) on several items and eliminate 28 per cent and 12 per cent slabs, describing it a big relief to people.
“The Congress party has been pressing for these reforms for a long time, and finally, the GST council has taken a decision, which is in the larger interest of the country as multiple slabs were putting a heavy burden on consumers,” Naresh Chauhan, Media advisor to Chief Minister Sukhvinder Singh Sukhu, said on Thursday.
The GST system was cumbersome right from the beginning due to many slabs, and Congress leade

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Minister Nirmala Sitaraman, Chauhan said.
Leader of the opposition and former Himachal chief minister Jai Ram Thakur said that Prime Minister Narendra Modi announced on August 15 that major reforms would be brought in GST, and the GST Council has taken a decision, which will give big relief to people, particularly to the agriculture community, as agricultural inputs and other equipment would be cheaper.
Further, major relief has been given in medicines, and tax has been completely abolished on generic and life-saving drugs, and other drugs attract five per cent tax, he said, adding that it would not only be a relief for people but also boost “Swadeshi products”.
Fruit Vegetable Flower Growers Association President of the state Harish Cha

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GST reforms: Early, historic Diwali gift by PM Modi, says Goa CM
GST
Dated:- 4-9-2025
PTI
Panaji, Sep 4 (PTI) Goa Chief Minister Pramod Sawant on Thursday termed GST reforms as an “early, historic Diwali gift by Prime Minister Narendra Modi” that will reduce the prices of essential items and greatly help citizens.
Sawant's comments came a day after the GST Council approved a complete overhaul of the Goods and Services Tax (GST) regime with a two-tier rate structure of 5 and 18 per c

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GST 2.0 double dose for growth; next generation reforms will not stop: PM Modi
GST
Dated:- 4-9-2025
PTI
New Delhi, Sep 4 (PTI) Prime Minister Narendra Modi on Thursday hailed GST 2.0 as a double dose of support and growth for the nation and asserted that the series of next-generation reforms to make India self-reliant will not stop.
In an interaction with the winners of the National Teachers Awards, Modi said he had promised “double dhamaka” of next-generation GST reforms before Diwali and Chhath from the ramparts of the Red Fort and the new simplified tax rates will come into effect from September 22, the first day of Navratri.
Chhath is one of the most important festivals of Bihar, which goes to polls later this year, while

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lity of life for citizens, boost for consumption and growth, encouraging investments and job creation through ease of doing business and strengthening cooperative federalism for developed India – to the country's economy.
“Without timely changes, we cannot give our country its rightful place in today's global context. I had said from the Red Fort on 15 August this time that it is crucial to undertake next-generation reforms to make India self-reliant. I had also promised the countrymen that there would be a double blast of happiness before this Diwali and Chhath Puja,” he added.
The prime minister called upon students to think of ways to fulfil at least one need of the country.
He said the new law to regulate online gaming will safeguard

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Confident of smooth migration to new GST slabs, engaging with industry on software upgrade: CBIC
GST
Dated:- 4-9-2025
PTI
New Delhi, Sep 4 (PTI) The Central Board of Indirect Taxes and Customs (CBIC) is confident of getting its backend technology ready by September 22 for a smooth transition to the next-generation GST and is engaging with industry on software upgradation for their return filings, a top tax official said on Thursday.
In an interview with PTI, CBIC Chairman Sanjay Kumar Agarwal also said the tax rate and slab rejig, which was approved by the GST Council on Wednesday, is based on classification of goods and services based on the bracket of 'merit' and 'standard', unlike in 2017, when it was on the basis of revenue

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cted the industry and given them a heads-up so that they can also upgrade their systems.
“They can also incorporate these (rate and slab) changes in their ERP systems, so that the entire rollout is very smooth, which will not have any glitches, we are confident about that,” Agarwal said.
Asked about industry worry on accumulation of input tax credit (ITC) on inventories, on which tax rates have been cut, the CBIC chief said the industry can pay GST dues using their entire ITC claims even after the new tax rates are rolled out from September 22.
“When they sell the goods or make the supplies, from September 22 onwards, new rates will apply. They (dealers) can utilise the ITC for making the duty payment while filing returns,” Agarwal noted

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ollection.
“Whenever a rate rationalisation exercise happens during the transition period, there will be some dip in revenue collections, but our experience is that increased consumption will lead to higher GST collections. Rate rationalisation leads to more economic activity, an increase in GDP and overall better collections,” Agarwal said.
He said the revenue buoyancy should pick up in 2-3 months, and collections would start improving. Also, pent-up demand in the festive season, starting with Navratri on September 22, should see higher sales and support GST collections despite rate reductions.
Agarwal said at the time of GST rollout, the main consideration for deciding tax rate on any item was revenue neutrality based on the then preva

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Rupee falls 10 paise to close at 88.12 against US dollar
GST
Dated:- 4-9-2025
PTI
Mumbai, Sep 4 (PTI) The rupee fell 10 paise to close at 88.12 against the US dollar on Thursday amid sustained foreign fund outflows and a stronger greenback.
However, positive sentiment in the domestic equity markets which were buoyed by the GST rate revision and a drop in international crude oil prices prevented sharper losses in the local unit, according to forex traders.
At the interbank foreign exchange, the rupee opened at 88.09 against the US dollar and traded in the range of 87.85-88.19 before settling at 88.12, down 10 paise from its previous close.
The rupee recovered 13 paise from its all-time low level to settle at 88.02 against

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against a basket of six currencies, was up 0.08 per cent to 98.21.
Brent crude, the global oil benchmark, was trading 1.07 per cent lower to USD 66.88 per barrel in futures trade.
On the domestic equity market front, Sensex rose 150.30 points to settle at 80,718.01, while Nifty was up 19.25 points to 24,734.30.
Foreign institutional investors offloaded equities worth Rs 106.34 crore on Thursday, according to exchange data.
Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, said the rupee traded weak as FII remained sellers while GST reform provided limited support.
“Selling pressure was visible in capital markets after a higher opening, keeping rupee under pressure. Dollar index stayed volatile near 98.

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