Goods and Services Tax

GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/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.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

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Plain text (Extract) only
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emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

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

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up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

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

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GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/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.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

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

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

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

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up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

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

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GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/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.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

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

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

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

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

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

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GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/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.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

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

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

= = = = = = = =

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

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

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

= = = = = = = =

GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/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.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

= = = = = = = =

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

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

= = = = = = = =

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

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

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

= = = = = = = =

GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/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.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

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

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

= = = = = = = =

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

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

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

= = = = = = = =

GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/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.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

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

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

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

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

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

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GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/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.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

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

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

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

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

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

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GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/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.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

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

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

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

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

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

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GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/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.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

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

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

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

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

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

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GST Council approves overhaul of GST, slashes tax on common use items
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) GST tax rates on common use items ranging from hair oil to corn flakes, TVs, and personal health and life insurance policies were slashed after the all-powerful GST Council approved a complete overhaul of the tangled goods and services tax regime.
Almost all personal use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing reporters after a marathon daylong GST Council meeting, Union Finance Minister Nirmala Sitharaman said all decisions were taken unanimously, with no disagreement with any state.
The panel approved simplifying

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ntaining milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from the current 18 per cent.
All forms of chapati and paratha will be charged nil tax, down from the current rate of 5 per cent.
Consumer goods such as tooth powder, feeding bottles, tableware, kitchenware, umbrellas, utensils, bicycles, bamboo furniture and combs will see rate cut from 12 per cent to 5 per cent. The rates on shampoo, talcum powder, toothpaste, toothbrushes, face powder, soap and hair oil has been cut down to 5 per cent from 18 per cent.
She said all individual life and health insurance policies will now attract nil tax in a bid to boost coverage.
Cement will cost less wi

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harged at 5 per cent GST.
The move to simplify the tax regime first announced by Prime Minister Narendra Modi in his Independence Day speech comes as India's exports to the US face a 50 per cent tariff the highest in the world.
The Indian economy is heavily reliant on consumption with private consumption accounting for 61.4 per cent of the nominal GDP last fiscal.
The GST reforms are likely to boost the economy by up to 0.5 percentage points by the second year of its implementation, effectively neutralising the full impact of the US tariff, economists said.
Tobacco, gutkha, tobacco products and cigarettes will continue to be charged at current 28 per cent plus a compensation cess till such time that loans taken to pay states for

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Wide-ranging GST reforms to improve lives of citizens, ensure ease of business: PM Modi
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Prime Minister Narendra Modi said on Wednesday that wide- ranging reforms approved by the GST Council will improve lives of citizens and ensure ease of doing business for all, especially small traders and businesses.
In a post on X, he said the Union government had prepared a detailed proposal for broad-based GST rate rationalisation and process reforms, aimed at ease of living for the common man and strengthening the economy.
He added, “Glad to state that the GST Council, comprising the Union and the States, has collectively agreed to the proposals submitted by the Union Government on GST ra

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GST Council approves two-tier tax structure; to be implemented from Sep 22
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) The GST Council on Wednesday approved a two-tier rate structure of 5 and 18 per cent, which will be implemented from September 22.
Bihar Deputy Chief Minister Samrat Choudhary said that all states were on board for the rate rationalisation, and it was a consensus-based decision.
West Bengal Finance Minister Chandrima Bhattacharya said the total loss due to GST

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HIGHLIGHTS
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Following are the top stories at 9.30 pm: NATION DEL74 LD RAIN
Rain fury claims 4 lives in Himachal, J-K; cripples life across north India New Delhi: The downpour across north India showed no signs of easing on Wednesday as a rain-triggered landslide and structural collapse claimed four lives in Himachal Pradesh and Jammu and Kashmir, pummelled regions already on edge and forced the suspension of classes, flights, trains and even cremations.
DEL72 PM-SCHEME
Scheme to promote critical mineral recycling will boost capacities to recycle battery waste: PM New Delhi: Prime Minister Narendra Modi on Wednesday said the Cabinet's nod to an incentive scheme to promote critical mineral recycling will boost capacities to recycle battery waste and e-waste, promote investment and encourage job creation.
DEL59 BIHAR-BJP
Oppn's anti-SIR stir, abuse against Modi's mother figure in BJP's huddle on Bihar Ne

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ujbal sulks: Minister skips cabinet meet, says will challenge Maratha quota GR Mumbai: Maharashtra minister and prominent OBC leader Chhagan Bhujbal on Wednesday skipped a cabinet meeting and later expressed displeasure over a government order on granting Kunbi status to eligible Marathas for quota, indicating he will mount a legal challenge.
MDS24 TL-BRS-3RDLD KAVITHA
Kavitha announces resignation from BRS, MLC post Hyderabad: A day after her suspension from KCR-led BRS, senior leader K Kavitha on Wednesday announced her resignation from the party and trained her guns against cousin and former minister T Harish Rao.
DEL46 LEFT-RIOTS-BAIL ORDER
'Travesty of justice': Left parties on denial of bail to Umar Khalid, others New Delhi: Left parties on Wednesday deplored the denial of bail to Umar Khalid, Sharjeel Imam and others by the Delhi High Court in the “larger conspiracy” case of February 2020 riots, calling it a “travesty of justice”.
   MDS22 KA-DASARA-BANU-IN

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Wednesday with the medical facility's administration attributing the cause to septicemia (blood poisoning or blood infection).
BUSINESS DEL64 BIZ-LDALL GST
GST Council begins work to rejig tax rates; opposition states seek revenue protection New Delhi: The work to overhaul the tangled goods and services tax (GST) began on Wednesday as the government looks to cut the tax rate on common-use items, ranging from butter to certain footwear and apparel, in an attempt to boost domestic spending and cushion the economic blow of US tariffs.
DEL60 BIZ-GOLD-LD PRICE
Gold prices storm past Rs 1.07 lakh per 10 g on geopolitical tensions, worries over US economy New Delhi: Gold prices rallied Rs 1,000 to touch a fresh record high of Rs 1,07,070 per 10 grams in the local markets on Wednesday amid hopes of a rate cut by the US Federal Reserve, mounting geopolitical tensions and growing worries around the US economy.
DEL58 BIZ-GST-JK LD
GST Council meet: JK CM Abdullah seeks c

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Delhi government to take immediate steps to disburse the subsidies promised to customers for buying electric vehicles and said procedural hurdles cannot be used as a pretext to delay payments.
LGD12 DL-HC-DOG CUSTODY
Pet's custody: Delhi HC asks TMC MP Moitra, Dehadrai to 'sort out issue' New Delhi: The Delhi High Court on Wednesday sought TMC MP Mahua Moitra's response to a plea filed by advocate Jai Anant Dehadrai against an order restraining him from publicising the issue related to custody battle over a pet dog.
FOREIGN FGN35 US-TRUMP-LD INDIA
Trump says India kills us with tariffs, claims Delhi now offers 'no tariffs' to America New York/Washington: India kills the US with tariffs and the country has now offered “no tariffs” to America, President Donald Trump has said, amid New Delhi's escalating tensions with Washington over his administration's policies on trade and tariffs. By Yoshita Singh
FGN45 PAK-FLOODS-INDIA
Water experts deny India deliberately r

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GST reforms may incur revenue loss of Rs 2,000 cr annually to J'khand: Minister
GST
Dated:- 3-9-2025
PTI
Ranchi, Sep 3 (PTI) Jharkhand Finance Minister Radhakrishna Kishore on Wednesday said that the proposed GST reforms could incur an annual revenue loss of Rs 2,000 crore to the state.
Taking part in the 56th GST Council meeting in New Delhi, he urged the central government to compensate for the estimated loss.
“The proposed GST reforms are estimated to cause a revenue loss of approximately Rs 2,000 crore in Jharkhand's automobile, cement, and other manufacturing sectors,” Kishore said, according to a press statement.
He said that Jharkhand is a manufacturing state. The Goods and Services Tax (GST) system has adversely affec

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GST Council begins work to rejig tax rates; opposition states seek revenue protection
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) The work to overhaul the tangled goods and services tax (GST) began on Wednesday as the government looks to cut the tax rate on common-use items, ranging from butter to certain footwear and apparel, in an attempt to boost domestic spending and cushion the economic blow of US tariffs.
The marathon 56th meeting of the GST Council, the apex decision-making body on indirect taxes, headed by Union Finance Minister Nirmala Sitharaman and comprising representatives of all states, discussed reducing GST on life and health insurance premiums and easing compliance rules for business on the first day of the two-day meeting.
According to sources, the panel is likely to have discussed a three-way registration process for non-risky business and issuance of refunds, in case of exports, in seven days, among a host of measures to ease compliance burden.
It

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el priced up to Rs 1,000 are taxed at 5 per cent.
Beyond the threshold, 12 per cent Goods and Services Tax (GST) is levied.
The 56th GST Council decided to raise the threshold for footwear and apparel in the 5 per cent slab to Rs 2,500 apiece from Rs 1,000.
Consumer goods, such as tooth powder, feeding bottles, tableware, kitchenware, umbrellas, utensils, bicycles, bamboo furniture and combs, may see tax rate cut from 12 per cent to 5 per cent.
Similarly, the tax rate on shampoo, talcum powder, toothpaste, toothbrushes, face powder, soap and hair oil is likely to come down from 18 per cent to 5 per cent.
Cement is likely to cost less, with the tax rate coming down from 28 per cent to 18 per cent.
Reducing GST on Petrol, LPG and CNG vehicles of less than 1,200 cc and not more than 4,000 mm length and diesel vehicles of up to 1,500 cc and 4,000 mm length to an 18 per cent rate from 28 per cent is being discussed by the council.
Discussions are also ongoing on cutting taxes on Moto

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ond year of their implementation, effectively neutralising the full impact of the US tariff, economists said.
While opposition-ruled states have demanded that all states be compensated for the revenue loss they incur post the implementation of the GST rejig, the finance minister of TDP-ruled Andhra Pradesh, Payyavula Keshav, said his state is supporting the Centre's GST rate proposals.
On Wednesday morning, before the Council meeting, eight opposition-ruled states Himachal Pradesh, Jharkhand, Karnataka, Kerala, Punjab, Tamil Nadu, Telangana and West Bengal had their own meeting to formalise their strategy and reaffirmed their demand for revenue protection to give approval to the rate rejig.
Jharkhand Finance Minister Radha Krishna Kishore told reporters here that his state will suffer a Rs 2,000 crore revenue loss if the Centre's GST rate reform proposal is implemented.
“If the Centre agrees to compensate us for whatever loss we would incur, then we have no issues in approving th

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Andhra Pradesh supports GST reforms, says Finance Minister Keshav
GST
Dated:- 3-9-2025
PTI
Amaravati/ New Delhi, Sep 3 (PTI) The Andhra Pradesh government-led by N Chandrababu Naidu strongly supports the next-generation GST reforms being proposed by the Centre which are meant for the “best interest of the poorest of the poor”, said Finance Minister P Keshav on Tuesday.
The minister attended the 56th GST Council meeting held in New Delhi today.
Keshav said these reforms align with Prime Minister Narendra Modi's Independence Day “Diwali gift” announcement, highlighting consumer benefits through rationalised tax rates, lower household costs, and “relief to the poorest citizens”.
“I support the (GST) reforms being proposed by the

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GST Council meet: JK CM Abdullah seeks central support for terror-hit economy
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Highlighting the devastating impact of the Pahalgam terror attack on the economy of Jammu and Kashmir, Chief Minister Omar Abdullah on Wednesday sought the Centre's support to deal with the situation.
The Union Territory was facing a severe fiscal crisis as its public revenues had “collapsed” in the aftermath of the April 22 terror attack in which 26 people were killed, he said.
Abdullah, who also holds the finance portfolio, told the 56th GST Council meeting here, that major economic sectors including tourism, handicrafts, agriculture and horticulture had come to a standstill after the attack.
Proposed GST reforms could further reduce the UT's revenue by 10 to 12 per cent, the Chief Minister said.
He was of the view that the GST Council could go ahead with rate rationalisation proposals, but suitable mechanisms should be devised to compensate st

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of our country,” he said.
Abdullah stated that the GST reforms must consider the unique challenges faced by individual states and UTs.
He detailed how the local economy had been gaining renewed vigour before being “shocked” by the “Pahalgam incident” of April 2025. This event, and its aftermath, have brought major economic sectors—including tourism, handicraft, horticulture, and agriculture — to a standstill.
The chief minister also urged Union Finance Minister Nirmala Sitharaman-headed GST Council to address the “geopolitical challenges” facing the country and the severe fiscal pressures on his region following the terror attack.
He talked about substantial loss of jobs and businesses, and a decline in public revenues. “Today, all the sectors of economic activity, including tourism, handicraft, horticulture and agriculture are badly affected. The flight of non-local workers has slowed down development of infrastructure projects,” the chief minister said.
Fully endorsing the two-t

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c issues, noting that the country's growth path is “suddenly challenged by geopolitical challenges” and also pointed to “whimsical trade policies of the colonial era” that he said could restrict India's access to 20 per cent of the global market, affecting thousands of workers in sectors like agriculture, handicraft, and gems and jewellery.
Asserting that the GST, introduced in July 2017, remains the most ambitious federal tax reform in India's fiscal history, he said that through these eight years, several steps and initiatives have been taken in tax structure, administrative mechanism, and technology frontier to improve efficiency and revenue mobilisation from GST as also to facilitate honest taxpayers and dealers.
“The past year has been nothing but challenging for Jammu and Kashmir and for the entire nation. At the national level, we see our growth path suddenly challenged by geopolitical challenges.
“Our economy is steadily accelerating at 6–7 per cent growth rate. We have incr

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CGST Superintendent, lawyer under CBI scanner in 'reverse trap' case
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) The role of a GST Superintendent posted in Mumbai and the lawyer of a private company linked with an online betting website have come under the scanner of the CBI for an alleged payment of Rs 22 lakh bribe to another GST Intelligence officer posted in Kolkata, in which the agency arrested two persons, officials said on Wednesday.
On a complaint from the Kolktata-based GST intelligence officer Vivek Pratap Singh, the CBI had conducted a “reverse trap” recently in which it arrested Ram Sevak Singh and Sachin Kumar Gupta while they were allegedly delivering the bribe to him for dropping the ongoing proceedings agai

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nk Statement, etc., and also contacted Kapoor on his mobile phone, requesting him to provide the account opening form and bank statement of Appnit Technologies Pvt. Ltd.
He received a call from one Priyanka, claiming to be the lawyer for the company, seeking an appointment to meet him in person for the settlement of the case. Singh refused to meet and asked her to send the documents through the mail.
It was followed by a call from one Abhishek, claiming to be a Superintendent in the GST department in Mumbai, who allegedly offered that Singh drop the proceedings against the company in exchange for a bribe of Rs one crore. He allegedly repeated the offer on two more occasions through phone calls.
Singh promptly alerted the CBI and lodge

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In a Rare Reverse Trap Case, CBI apprehends Two Private Persons for offering and paying Bribe of Rs. 22 Lakh to a GST Superintendent
GST
Dated:- 3-9-2025

In a rare case of reverse trap, the Central Bureau of Investigation (CBI) has apprehended two private persons while offering and paying a bribe amounting to Rs. 22 lakh to a Superintendent in GST Intelligence.
In a commendable act of integrity, a Superintendent in GST Intelligence from the GST Intelligence Directorate played a pivotal role in a CBI operation that led to the arrest of two private individuals on charges of bribery. The officer, who was conducting an inquiry into alleged tax evasion by several online companies, was approached to favor the firms in exchange for a

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CBI arrests Senior Accounts Officer and Senior Assistant of GST/Customs Department, Hyderabad in a Bribery Case
GST
Dated:- 3-9-2025

The Central Bureau of Investigation (CBI), arrested Senior Accounts Officer and Senior Assistant of office of GST/Customs Department, Hyderabad, Telangana in a bribery case today i.e., 02.09.2025.
CBI registered the case on 02.09.2025 against the said accused and unknown others  on the  allegations that the accused demanded a bribe of Rs. 30

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GST reforms may reduce J&K revenue by 10-12 pc, severely impacting fiscal position: CM Omar Abdullah
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Jammu and Kashmir Chief Minister Omar Abdullah on Wednesday said that the proposed GST reforms could reduce the UT's revenue by 10-12 per cent, adding to the severe fiscal crisis as its public revenues have “collapsed” in the aftermath of the Pahalgam terror attack.
In his written speech circulated at the 56th GST Council meeting, he called for the establishment of suitable mechanisms to ensure the fiscal stability of states and union territories.
“The major sectors of the economy, like tourism, transport, construction, automobiles have come to standstill post April 2025. The proposed reform can further reduce our GST revenues by 10-12 per cent. Hence as the Finance Minister of Jammu and Kashmir, I am of the opinion that establishing suitable mechanisms and safeguards for the fiscal stability of States and UTs is critical,”

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the “geopolitical challenges” facing the country and the severe fiscal pressures on his region following the terror attack.
He talked about substantial loss of jobs and businesses, and a decline in public revenues. The tourism, transport, construction, and automobile sectors have all been badly affected, and the departure of non-local workers has slowed infrastructure development.
After the Pahalgam incident, Abdullah said the UT is facing severe fiscal challenges as its revenues have declined considerably.
In J&K, he said enthusiastic participation by people was witnessed in the Parliamentary and Assembly elections last year but just as the economy started recovering , the Pahalgam incident occurred.
“Today, all the sectors of economic activity, including tourism, handicraft, horticulture and agriculture are badly affected. The flight of non-local workers has slowed down development of infrastructure projects,” the chief minister said.
Fully endorsing the two-tier (5 and 18

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noting that the country's growth path is “suddenly challenged by geopolitical challenges” and also pointed to “whimsical trade policies of the colonial era” that he said could restrict India's access to 20 per cent of the global market, affecting thousands of workers in sectors like agriculture, handicraft, and gems and jewellery.
Asserting that the GST, introduced in July 2017, remains the most ambitious federal tax reforms in India's fiscal history, he said through these eight years, several steps and initiatives have been taken in tax structure, administrative mechanism, and technology frontier to improve efficiency and revenue mobilisation from GST as also to facilitate honest taxpayers and dealers.
“The past year has been nothing but challenging for Jammu and Kashmir and for the entire nation. At the national level, we see our growth path suddenly challenged by geo-political challenges.
“Our economy is steadily accelerating at 6–7 per cent growth rate. We have increased our

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GST on footwear, apparels priced at Rs 2,500 cut to 5 pc
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) The GST Council is likely to have approved lowering the GST rate on footwear and apparel priced up to Rs 2,500 to 5 per cent, sources said on Wednesday.
Currently, footwear and apparel priced up to Rs 1,000 are taxed at 5 per cent. Beyond the threshold, 12 per cent Goods and Services Tax (GST) is levied.
The 56th GST Council, chaired by Union Finance Minister Nirmala Sitharama

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Stock markets bounce back amid volatility, Sensex closes higher 410 pts
GST
Dated:- 3-9-2025
PTI
Mumbai, Sep 3 (PTI) Benchmark equity indices Sensex and Nifty closed higher in a volatile session on Wednesday, driven by a rally in metal stocks and optimism related to the GST Council meeting.
After oscillating between highs and lows, the 30-share BSE Sensex jumped 409.83 points or 0.51 per cent to settle at 80,567.71. During the day, the benchmark hit a high of 80,671.28 and a low of 80,004.60, gyrating 666.68 points.
The 50-share NSE Nifty climbed 135.45 points or 0.55 per cent to 24,715.05.
The GST Council is meeting in New Delhi for two days to discuss the proposed pruning of tax rates to 5 per cent and 18 per cent.
Among S

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GST Council meet on rate reform begins; TDP supports, opposition bloc seeks revenue protection
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) The 56th meeting of the GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising state ministers, on Wednesday started deliberations on 'next-gen GST' reforms, which will lower tax rates on items of mass consumption, remove duty inversion in sectors, like textiles, and ease compliance burden for MSMEs.
The Council, over the next two days, will discuss reducing the number of slabs in GST to just two 5 per cent and 18 per cent and removing the 12 per cent and 28 per cent slabs. Also, a special 40 per cent tax has been proposed on a select few items, including tobacco a

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proposals.
“As an alliance partner, we are supporting the Centre's proposal of GST rate rationalisation. It is in favour of the common man,” Keshav told reporters before the Council meeting. Andhra Pradesh's Telugu Desam Party (TDP) is an ally of the BJP-led NDA government at the Centre.
Prime Minister Narendra Modi, in his Independence Day speech on August 15, unveiled the plan for GST reforms. Shortly thereafter, the central government shared a blueprint of the planned reform with a Group of Ministers (GoM) from different states for initial vetting.
As many as eight sectors textiles, fertiliser, renewable energy, automotive, handicrafts, agriculture, health and insurance will benefit the most from the rate overhaul, as per the Cen

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it is the responsibility of the Centre to compensate states for revenue loss,” Kishore told reporters here after the meeting of the opposition bloc.
Under the present GST structure, the 18 per cent slab accounts for a lion's share or 65 per cent in GST collection. The 5 per cent slab contributes 7 per cent to the total GST kitty.
The top tax bracket of 28 per cent on luxury and sin goods contributes 11 per cent of the revenue, while the 12 per cent slab accounts for just 5 per cent of the revenue.
The Centre's GST reform proposal put forth before the Council rests on three pillars structural reforms, rate rationalisation and ease of living.
The structural reforms would ensure stability and predictability by providing “long-term cl

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