Author: admin_gst

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 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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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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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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Rs 1.09 crore GST fraud unearthed in Arunachal, two in police net
GST
Dated:- 4-9-2025
PTI
Itanagar, Sep 4 (PTI) The Police in Arunachal Pradesh's Naharlagun have unearthed a Goods and Services Tax (GST) fraud worth Rs 1.09 crore and arrested two men accused of running a fake invoice racket.
Addressing a press conference on Thursday, Naharlagun Superintendent of Police Nyelam Nega said the scam came to light after an FIR was lodged on June 28 by Taju Parang, the proprietor of a company.
Parang had informed the police that invoices worth over Rs 1 crore had been mysteriously transferred into his firm's account from two Assam-based companies – one of Tinsukia and the other of Jorhat – without his knowledge.
After an investigati

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PM urges students, teachers to lead campaigns for promoting Swadeshi products
GST
Dated:- 4-9-2025
PTI
New Delhi, Sep 4 (PTI) Prime Minister Narendra Modi on Thursday urged teachers and students to lead campaigns to promote swadeshi (indigenous) products and give an impetus to “Make in India” and “vocal for local”.
In an interaction with National Teacher awardees, he asked schools to celebrate occasions like Swadeshi day or Swadeshi week.
“I am giving you a homework to lead campaigns to promote swadeshi products. Students should be encouraged to get swadeshi products from home and there should be discussions on that. Students can also participate in marches in villages carrying placards rooting for swadeshi products. Such acti

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'Bold, people friendly': Swadeshi Jagran Manch, Bharatiya Mazdoor Sangh hail GST reforms
GST
Dated:- 4-9-2025
PTI
New Delhi, Aug 4 (PTI) RSS affiliates on Thursday hailed reduction in GST rates as “bold and people-friendly” reforms under Prime Minister Narendra Modi's “visionary” leadership, and said it will encourage domestic industries, empower MSMEs and strengthen the foundation for making India self-reliant.
GST rates on common use items ranging from hair oil to corn flakes, TVs, and personal health and life insurance policies were slashed after the GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax regime.
The GST Council approved rate overhaul by limiting slabs to 5 per cent and

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have a multiplier effect on (India's) GDP,” he said.
Bharatiya Mazdoor Sangh (BMS) general secretary Ravindra Himte said it's a “significant step” towards a “people-friendly and common man tax structure”.
Traditionally, the indirect tax regime was “heavily reliant” on taxing day-to-day needs of the citizens, he said.
“This trend has now been reversed through the next-gen reforms which introduce a primarily two-rate GST system aimed at reducing the tax burden on people, while imposing higher taxes on luxury goods consumed by the high-income group,” he added.
“We hope that manufacturers, insurance companies and others will promptly pass on the benefits (of GST rate cuts) to the common man by lowering the prices of essential daily-use

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GST rate cuts complement Ayushman Bharat, PMJAY, says health ministry
GST
Dated:- 4-9-2025
PTI
New Delhi, Sep 4 (PTI) The government's decision to exempt individual health and life insurance premiums from Goods and Services Tax (GST) complements Ayushman Bharat and PMJAY by expanding private coverage, reducing out-of-pocket expenditure, and driving the mission of Health for All, the Health Ministry said on Thursday.
This will also make premiums more affordable for middle-class households and encourage wider insurance adoption.
The GST rationalization package reflects a balanced, citizen-centric approach to taxation, the ministry stated.
“By lowering the burden on medicines, medical devices, nutrition, and insurance, while dis

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nd empower small businesses across the country. My heartfelt gratitude to Narendra Modi ji and Finance Minister @nsitharaman ji for this forward-looking decision that will benefit our citizens, especially middle-class families,” Union Health Minister J P Nadda tweeted.
The GST on essential medicines have been reduced from 12 per cent to 5 per cent or Nil, easing financial burden on patients which will provide greater affordability for long-term treatment of chronic illnesses such as diabetes, hypertension, and cancer.
Also, services for treatment or disposal of bio-medical waste reduced from 12 per cent to 5 per cent and job-work in pharmaceutical manufacturing reduced from 12 per cent to 5 per cent, lowering production costs and addressi

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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.
“Th

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f 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 relief to ou

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GST has become simpler, new rates to be effective from first day of Navratri: PM Modi
GST
Dated:- 4-9-2025
PTI
New Delhi, Sep 4 (PTI) GST 2.0 is a double dose of support and growth for the nation and the next-generation reforms have been done to support India's progress in the 21st century, Prime Minister Narendra Modi said on Thursday.
His comments came a day after the GST Council approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
In an interaction with National Teacher awardees, Modi noted that five new gems (panch ratna) have been added to India's vibrant economy through the GST reforms.
He said GST has become even simpler and new rates of 5 per cent and 18 per cent will become effective from

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Gujarat CM says GST reforms will improve ‘Ease of Living’, thanks PM Modi
GST
Dated:- 4-9-2025
PTI
Ahmedabad, Sep 4 (PTI) Gujarat Chief Minister Bhupendra Patel on Thursday thanked Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for reducing the GST rates, saying the move will improve “Ease of Living” for everyone.
The CM said PM Modi has given a huge Diwali gift to 140 crore citizens in the form of 'NextGenGST' reforms.
“PM Modi has always made decisions keeping the common man in focus. The big reduction in GST will improve the ‘Ease of Living’ for everyone, including MSMEs, farmers, women, and youth. The tax burden on the common consumer will reduce and usher in happiness in their lives,” said the

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will become simpler, and IndiaÂ’s economy will gain new momentum and energy, he said.
State Finance Minister Kanubhai Desai stated that under the leadership of PM Modi, the 56th GST Council recommended reforms in three main areas – structural improvements, tax rate revisions, and Ease of Living – for the benefit of farmers, citizens, and small and medium entrepreneurs.
Desai said essential agricultural components like tractors, fertilisers, irrigation equipment, and other machinery were taxed between 12 and 18 per cent.
This has been brought down to 5 per cent, which will lower the cost of agricultural production. This important step will benefit farmers in Gujarat, the release said, quoting the minister. PTI PJT NR
News – Press relea

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GST reforms PM Modi's bumper gift to citizens, Cong's double standards exposed: Nadda
GST
Dated:- 4-9-2025
PTI
New Delhi, Sep 4 (PTI) BJP president J P Nadda on Thursday hailed the GST reforms as a “bumper gift” given by Prime Minister Narendra Modi to citizens ahead of festivals like Durga Puja and Diwali.
He also slammed the Congress for finding faults with the measures taken by the GST Council, saying it exposes the opposition party's double standards as Rahul Gandhi opposes the decisions which are supported by finance ministers of state governments run by his party.
All decisions of the GST Council, he noted, have been taken by consensus.
Nadda said the Congress-led UPA government could not even implement the Goods and

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ow taken this historic step, he said, adding that these reforms will help boost the living standards of citizens and the ease of business for traders and small businesses.
“Our government's goal is not merely revenue collection but also to boost living standards of every citizen,” Nadda said. The decision will strengthen economy and ignite new hopes, he said.
The decision to do away with tax on health and life insurance premiums is a very important step and it will strengthen health and financial security of people, Nadda, who is also the Union Health Minister, said.
The common man as well as every sector from agriculture to construction and medical will be boosted by these reforms, he said, adding that the prime minister believes in

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IATA says higher GST on non-economy class flight tickets 'disappointing', counterproductive
GST
Dated:- 4-9-2025
PTI
New Delhi, Sep 4 (PTI) Global airlines' grouping IATA on Thursday termed as “disappointing” the decision to increase the GST on non-economy class flight tickets, “with no justification” and said that taxing premium travellers, where they often make a difference to a route's viability, is counterproductive.
The Goods and Services Tax (GST) Council, comprising representatives from the Centre and the states, on Wednesday decided on a two-rate structure 5 per cent and 18 per cent as part of a major revamp.
Under the rate rejig, to be effective from September 22, non-economy class air travel will attract a GST of

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rcraft orders and world-class infrastructure.
“Aviation has tremendous potential to contribute to India's economic growth, both directly as Indian airlines grow, and indirectly through increased connectivity for travellers and businesses alike. It is therefore disappointing to hear of a decision to increase the GST on non-economy travel with no clear justification,” he said.
For its aviation industry to thrive, he said India needs to take a whole-of-government approach in considering broader policy and consider the risks of such policies on dampening demand and undermining profitability.
“Asia Pacific airlines are forecast to only earn USD 2.60 per passenger in 2025. Taxing premium travellers, where these customers often make a differ

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GST dept coordinating with industry on software upgrade for smooth rollout of new tax structure: CBIC
GST
Dated:- 4-9-2025
PTI
New Delhi, Sep 4 (PTI) The GST department is coordinating with the industry for software upgrade to ensure smooth rollout of the new tax structure from September 22, a top tax official said on Thursday.
Central Board of Indirect Taxes and Customs (CBIC) Chairman Sanjay Kumar Agarwal also said that the industry need not worry about accumulation of input tax credit (ITC) on goods in which tax rates have been reduced, as they can use the accumulated credit to pay taxes.
The GST Council, comprising the Centre and states, have approved overhauling the Goods and Services Tax (GST) effective September 22, mak

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so that the entire rollout is very smooth, which will not have any glitches. We are confident about that,” Agarwal said.
Asked about industry concerns about blocked ITC, Agarwal said the dealers of such goods items will be entitled to claim the full ITC on whatever rate they have paid taxes on inputs.
“When they sell the goods or make the supplies, from 22nd September onwards, new rates will apply so they can utilise the ITC, which is available to them for making the duty payment while filing returns,” Agarwal said.
He said the ITC accumulation will be there, maybe for a very short period, and after that it will be again smooth.
Agarwal said that as businesses pay taxes using ITC, there might be some dip in monthly collection.
“We see

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GST reforms: Fadnavis hails move, calls it result of PM Modi's farsighted vision
GST
Dated:- 4-9-2025
PTI
Mumbai, Sep 4 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Thursday hailed Prime Minister Narendra Modi's farsighted vision for the sweeping GST rate rationalisation and asserted it would bring down the burden on citizens.
The GST Council on Wednesday cleared sweeping changes to the indirect tax regime, approving an overhaul of rates by limiting slabs to 5 per cent and

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Centre’s order on Foreigners’ Act ‘farcical’, ‘election gimmick’: Mamata
GST
Dated:- 4-9-2025
PTI
Kolkata, Sep 4 (PTI) West Bengal Chief Minister Mamata Banerjee on Wednesday launched a scathing attack on the Centre over its recent order under the Foreigners Act, allowing members of minority communities from neighbouring countries to stay in India without valid documents, terming it a “farce” and an “election gimmick”.
Speaking in the West Bengal Legislative Assembly during a discussion on a government resolution condemning alleged atrocities on Bengali migrants, Banerjee claimed the CentreÂ’s move was aimed at misleading the public ahead of the upcoming elections and accused the BJP of using such tactics to polarise voters.
“T

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hose who came till 2024? The BJP has to clarify this as the new order doesn't mention anything about these pertinent issues,” Banerjee said.
The BJP had made such “fake promises ahead of 2019 and 2024 Lok Sabha polls”, but in reality, how many citizenships were granted, she questioned.
The Centre’s order, issued under the recently implemented Immigration and Foreigners Act, 2025, allows members of minority communities—Hindus, Sikhs, Buddhists, Jains, Parsis, and Christians—from Afghanistan, Bangladesh, and Pakistan who entered India on or before December 31, 2024, to stay in the country without valid travel documents, if they fled religious persecution.
According to the Citizenship (Amendment) Act, 2019 (CAA), which came into effect last

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Cream Stone Welcomes Proposed GST Relief as a Boost to IndiaÂ’s Ice Cream Industry.
GST
Dated:- 4-9-2025
PTI
Hyderabad, India – 04th August 2025 – Cream Stone Ice Cream Concepts welcomes the Government of India’s decision to reduce GST on ice cream from 18% to 5%. While ice cream has consistently been one of the most enjoyed indulgences for Indian consumers, this reform makes it even more accessible, allowing families to enjoy ice cream with greater ease. For consumers, ice cream has always been a source of joy and celebration. The GST reduction simply makes this experience more rewarding by offering a little extra value with every indulgence. This thoughtful reform is expected to add to the overall positivity around frozen desse

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epts, stated: “With this reform, we are excited to pass on the benefits directly to our customers, ensuring that our premium creations are enjoyed by more families than ever before.” Since its establishment in 2009 in Hyderabad, Cream Stone has expanded into one of India’s leading premium ice cream brands. With over 117 outlets across 35 cities in 7 states, the company is recognized for its customizable sundaes, creative mix-ins, the TUBZ take-home range, and premium ice cream sticks. Cream Stone remains committed to redefining indulgence through creativity, quality, and innovation.
(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR
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Sensex, Nifty close marginally higher as profit-taking in RIL, Infosys spoils GST rate cut party
GST
Dated:- 4-9-2025
PTI
Mumbai, Sep 4 (PTI) Benchmark stock indices Sensex and Nifty pared most of the early gains to settle marginally higher on Thursday as profit taking in index heavyweight Reliance Industries and Infosys took away the sheen of the GST rate cuts announced on commonly used personal items and daily essential products.
Shedding 738 points from the day's high, the 30-share Sensex finally settled 150.30 points or 0.19 per cent higher at 80,718.01. As many as 19 of its shares closed in red while 11 settled higher.
The barometer jumped 888.96 points or 1.10 per cent to a high of 81,456.67 in the opening trade as the

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i/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
The GST Council approved limiting slabs to 5 per cent and 18 per cent, effective from September 22, the first day of Navaratri.
Among the Sensex firms, Mahindra & Mahindra jumped the most by 5.96 per cent. Bajaj Finance, Bajaj Finserv, Trent, ITC and HDFC Bank were also among the gainers.
However, Maruti Suzuki India, Bharat Electronics, HCL Tech, NTPC, Power Grid, Infosys and Reliance Industries were among the laggards.
“Nifty opened on a strong note with a gap-up

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ent, FMCG (0.31 per cent), consumer discretionary (0.24 per cent) and financial services (0.15 per cent).
Utilities dropped 1.24 per cent, power (1.05 per cent), oil & gas (1.05 per cent), BSE Focused IT (0.93 per cent), IT (0.86 per cent), realty (0.79 per cent) and teck (0.70 per cent).
As many as 2,325 stocks declined while 1,807 advanced and 148 remained unchanged on the BSE.
“The broader outlook stays vulnerable to global macro uncertainties, continued FII outflows, and persistent U.S. tariff headwinds,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.
In Asian markets, South Korea's Kospi and Japan's Nikkei 225 index settled in positive territory while Shanghai's SSE Composite index and Hong Kong's Hang Seng ended lowe

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FMCG players welcome govt move on GST rate cut
GST
Dated:- 4-9-2025
PTI
Kolkata, Sep 4 (PTI) Companies operating in the fast moving consumer goods (FMCG) segment have hailed the government's move to cut GST on several items which would spur consumption demand in the economy.
The structural reforms will undoubtedly benefit MSMEs and farmers who form the backbone of the economy, Chairman and Managing Director of ITC Limited Sanjiv Puri said.
“I would like to compliment the finance minister for ushering in a transformative, bold and comprehensive next-generation GST architecture. The GST rate rationalisation across various sectors will bring relief to the consumers through enhanced affordability and will spur consumption, drive i

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iative of lowering taxes to boost consumption.” This is a positive trigger for demand creation, he said.
“GCPL has soap brands in its portfolio. We are fully committed to ensuring that the GST rate reduction benefits are passed on to the consumers,” Malbari said.
Co-founder and Chairman of Joy Personal Care, Sunil Agarwal, said the government's decision to reduce GST on daily essential items from 18 per cent to five per cent is a commendable step that will benefit consumers and energize the FMCG industry.
“Rural India has been driving FMCG growth for six consecutive quarters, and this move will further strengthen rural demand, even as urban consumption continues to recover. The GST rate cut on several FMCG items will give the industry t

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Euphoria in country, nobody stopped Congress to roll out GST: BJP on tax reforms
GST
Dated:- 4-9-2025
PTI
New Delhi, Sep 4 (PTI) The BJP on Thursday hailed the GST reforms as a historic measure which will benefit every section of society and hit back at the Congress over its claim that it had been pushing for tax rationalisation, saying nobody had stopped the party in its long tenure from rolling out the unified indirect tax regime.
With some Congress leaders noting that their leader Rahul Gandhi had long favoured the two-tier tax structure as announced by the GST Council, BJP national spokesperson Sambit Patra said he is “staying in la la land” and that is not going to bring any dividend to his party.
“Who had stopped Rahul

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nt has shown intention, courage and democratic spirit to bring consensus among all states to roll out the GST while all the Congress could do was discuss and debate.
The Congress' claim, he said, is akin to its “garibi hatao” slogan since Independence but its governments could never remove poverty, he said.
The party believes the Sun and moon moves due to the Gandhi family and there would be no India but for them, he said mockingly.
The Puri MP said it is the Congress' mindset to grieve when the country is jubilant, be it the construction of Ram temple, repeal of Article 370 or now the GST reforms.
Patra also had a go at Congress general secretary Jairam Ramesh for his criticism that the GST Council, which announced the reforms on W

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f he keeps silent, then the Congress' fortunes may go up slightly as his speeches only harm his party, Patra claimed.
The GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax regime in a wide-ranging reforms which will reduce taxes on common use items from roti/paratha to hair oil, ice creams and TVs.
The Council approved limiting slabs to 5 per cent and 18 per cent, effective from September 22.
Almost all personal-use items and aspirational goods for the middle class, like ACs and washing machines, will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Premium paid for individual life insurance and health insurance (including famil

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Stock markets advance for 2nd day after GST rate cut; M&M spurts nearly 6 pc
GST
Dated:- 4-9-2025
PTI
Mumbai, Sep 4 (PTI) Stock markets rose for the second consecutive day on Thursday, with the benchmark BSE Sensex closing higher by 150 points after the GST rate cuts announced on commonly used personal items and daily essential products.
Paring most of its gains due to selling in index heavyweight Reliance Industries and Infosys, the 30-share Sensex settled 150.30 points or 0.19 per cent higher at 80,718.01. The barometer jumped 888.96 points or 1.10 per cent to 81,456.67 in the opening trade, but later slipped from the intra-day high due to profit taking in blue-chips.
The 50-share NSE Nifty ended marginally higher by 19.25 p

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s, HCL Tech, NTPC, Power Grid, Infosys and Reliance Industries were among the laggards.
“Nifty opened on a strong note with a gap-up start, driven by optimism around the new GST rates, but profit-booking in the second half wiped out most of the early gains.
“The move triggered broad-based buying in auto, FMCG, and consumer durable stocks during early trade. However, profit-booking weighed on broader indices, dragging them down,” Hariprasad K, Research Analyst and Founder – Livelong Wealth, said.
In Asian markets, South Korea's Kospi and Japan's Nikkei 225 index settled in positive territory while Shanghai's SSE Composite index and Hong Kong's Hang Seng ended lower.
Markets in Europe were trading higher.
US markets ended mostly higher o

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Stock markets advance for 2nd day after GST rate cut; M&M spurts nearly 6 pc
GST
Dated:- 4-9-2025
PTI
Mumbai, Sep 4 (PTI) Stock markets rose for the second consecutive day on Thursday, with the benchmark BSE Sensex closing higher by 150 points after the GST rate cuts announced on commonly used personal items and daily essential products.
Paring most of its gains due to selling in index heavyweight Reliance Industries and Infosys, the 30-share Sensex settled 150.30 points or 0.19 per cent higher at 80,718.01. The barometer jumped 888.96 points or 1.10 per cent to 81,456.67 in the opening trade, but later slipped from the intra-day high due to profit taking in blue-chips.
The 50-share NSE Nifty ended marginally higher by 19.25 p

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s, HCL Tech, NTPC, Power Grid, Infosys and Reliance Industries were among the laggards.
“Nifty opened on a strong note with a gap-up start, driven by optimism around the new GST rates, but profit-booking in the second half wiped out most of the early gains.
“The move triggered broad-based buying in auto, FMCG, and consumer durable stocks during early trade. However, profit-booking weighed on broader indices, dragging them down,” Hariprasad K, Research Analyst and Founder – Livelong Wealth, said.
In Asian markets, South Korea's Kospi and Japan's Nikkei 225 index settled in positive territory while Shanghai's SSE Composite index and Hong Kong's Hang Seng ended lower.
Markets in Europe were trading higher.
US markets ended mostly higher o

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Stock markets advance for 2nd day after GST rate cut; M&M spurts nearly 6 pc
GST
Dated:- 4-9-2025
PTI
Mumbai, Sep 4 (PTI) Stock markets rose for the second consecutive day on Thursday, with the benchmark BSE Sensex closing higher by 150 points after the GST rate cuts announced on commonly used personal items and daily essential products.
Paring most of its gains due to selling in index heavyweight Reliance Industries and Infosys, the 30-share Sensex settled 150.30 points or 0.19 per cent higher at 80,718.01. The barometer jumped 888.96 points or 1.10 per cent to 81,456.67 in the opening trade, but later slipped from the intra-day high due to profit taking in blue-chips.
The 50-share NSE Nifty ended marginally higher by 19.25 p

= = = = = = = =

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s, HCL Tech, NTPC, Power Grid, Infosys and Reliance Industries were among the laggards.
“Nifty opened on a strong note with a gap-up start, driven by optimism around the new GST rates, but profit-booking in the second half wiped out most of the early gains.
“The move triggered broad-based buying in auto, FMCG, and consumer durable stocks during early trade. However, profit-booking weighed on broader indices, dragging them down,” Hariprasad K, Research Analyst and Founder – Livelong Wealth, said.
In Asian markets, South Korea's Kospi and Japan's Nikkei 225 index settled in positive territory while Shanghai's SSE Composite index and Hong Kong's Hang Seng ended lower.
Markets in Europe were trading higher.
US markets ended mostly higher o

= = = = = = = =

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Stock markets advance for 2nd day after GST rate cut; M&M spurts nearly 6 pc
GST
Dated:- 4-9-2025
PTI
Mumbai, Sep 4 (PTI) Stock markets rose for the second consecutive day on Thursday, with the benchmark BSE Sensex closing higher by 150 points after the GST rate cuts announced on commonly used personal items and daily essential products.
Paring most of its gains due to selling in index heavyweight Reliance Industries and Infosys, the 30-share Sensex settled 150.30 points or 0.19 per cent higher at 80,718.01. The barometer jumped 888.96 points or 1.10 per cent to 81,456.67 in the opening trade, but later slipped from the intra-day high due to profit taking in blue-chips.
The 50-share NSE Nifty ended marginally higher by 19.25 p

= = = = = = = =

Plain text (Extract) only
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= = = = = = = =

s, HCL Tech, NTPC, Power Grid, Infosys and Reliance Industries were among the laggards.
“Nifty opened on a strong note with a gap-up start, driven by optimism around the new GST rates, but profit-booking in the second half wiped out most of the early gains.
“The move triggered broad-based buying in auto, FMCG, and consumer durable stocks during early trade. However, profit-booking weighed on broader indices, dragging them down,” Hariprasad K, Research Analyst and Founder – Livelong Wealth, said.
In Asian markets, South Korea's Kospi and Japan's Nikkei 225 index settled in positive territory while Shanghai's SSE Composite index and Hong Kong's Hang Seng ended lower.
Markets in Europe were trading higher.
US markets ended mostly higher o

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

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Stock markets advance for 2nd day after GST rate cut; M&M spurts nearly 6 pc
GST
Dated:- 4-9-2025
PTI
Mumbai, Sep 4 (PTI) Stock markets rose for the second consecutive day on Thursday, with the benchmark BSE Sensex closing higher by 150 points after the GST rate cuts announced on commonly used personal items and daily essential products.
Paring most of its gains due to selling in index heavyweight Reliance Industries and Infosys, the 30-share Sensex settled 150.30 points or 0.19 per cent higher at 80,718.01. The barometer jumped 888.96 points or 1.10 per cent to 81,456.67 in the opening trade, but later slipped from the intra-day high due to profit taking in blue-chips.
The 50-share NSE Nifty ended marginally higher by 19.25 p

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

s, HCL Tech, NTPC, Power Grid, Infosys and Reliance Industries were among the laggards.
“Nifty opened on a strong note with a gap-up start, driven by optimism around the new GST rates, but profit-booking in the second half wiped out most of the early gains.
“The move triggered broad-based buying in auto, FMCG, and consumer durable stocks during early trade. However, profit-booking weighed on broader indices, dragging them down,” Hariprasad K, Research Analyst and Founder – Livelong Wealth, said.
In Asian markets, South Korea's Kospi and Japan's Nikkei 225 index settled in positive territory while Shanghai's SSE Composite index and Hong Kong's Hang Seng ended lower.
Markets in Europe were trading higher.
US markets ended mostly higher o

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