HIGHLIGHTS

HIGHLIGHTSGSTDated:- 3-9-2025PTINew 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

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 reforms may incur revenue loss of Rs 2,000 cr annually to J’khand: MinisterGSTDated:- 3-9-2025PTIRanchi, Sep 3 (PTI) Jharkhand Finance Minister Radhakrishna Kishore on Wednesday said that the proposed GST reforms could incur an annual revenue loss of

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 Council begins work to rejig tax rates; opposition states seek revenue protectionGSTDated:- 3-9-2025PTINew 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

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

Andhra Pradesh supports GST reforms, says Finance Minister KeshavGSTDated:- 3-9-2025PTIAmaravati/ 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 Centr

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 Council meet: JK CM Abdullah seeks central support for terror-hit economyGSTDated:- 3-9-2025PTINew Delhi, Sep 3 (PTI) Highlighting the devastating impact of the Pahalgam terror attack on the economy of Jammu and Kashmir, Chief Minister Omar Abdullah o

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

CGST Superintendent, lawyer under CBI scanner in ‘reverse trap’ caseGSTDated:- 3-9-2025PTINew 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 th

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

In a Rare Reverse Trap Case, CBI apprehends Two Private Persons for offering and paying Bribe of Rs. 22 Lakh to a GST SuperintendentGSTDated:- 3-9-2025In a rare case of reverse trap, the Central Bureau of Investigation (CBI) has apprehended two private pe

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

CBI arrests Senior Accounts Officer and Senior Assistant of GST/Customs Department, Hyderabad in a Bribery CaseGSTDated:- 3-9-2025The Central Bureau of Investigation (CBI), arrested Senior Accounts Officer and Senior Assistant of office of GST/Customs Dep

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 reforms may reduce J&K revenue by 10-12 pc, severely impacting fiscal position: CM Omar AbdullahGSTDated:- 3-9-2025PTINew Delhi, Sep 3 (PTI) Jammu and Kashmir Chief Minister Omar Abdullah on Wednesday said that the proposed GST reforms could reduce th

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 on footwear, apparels priced at Rs 2,500 cut to 5 pcGSTDated:- 3-9-2025PTINew 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.

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

Stock markets bounce back amid volatility, Sensex closes higher 410 ptsGSTDated:- 3-9-2025PTIMumbai, 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 rel

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 Council meet on rate reform begins; TDP supports, opposition bloc seeks revenue protectionGSTDated:- 3-9-2025PTINew Delhi, Sep 3 (PTI) The 56th meeting of the GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising state ministers,

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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Opposition-ruled states meet ahead of GST Council, seek compensation to nod reform agenda

Opposition-ruled states meet ahead of GST Council, seek compensation to nod reform agendaGSTDated:- 3-9-2025PTINew Delhi, Sep 3 (PTI) Finance ministers of opposition-ruled states on Wednesday met ahead of the crucial GST Council meeting, and decided to se

Opposition-ruled states meet ahead of GST Council, seek compensation to nod reform agenda
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Finance ministers of opposition-ruled states on Wednesday met ahead of the crucial GST Council meeting, and decided to seek compensation for revenue loss incurred by all states following the implementation of GST rate rejig.
Eight opposition-ruled states Himachal Pradesh, Jharkhand, Karnataka, Kerala, Punjab, Tamil Nadu, Telangana and West Bengal had met last week to decide on how their revenues could be protected once the 12 and 28 per cent slabs are removed.
Jharkhand Finance Minister Radha Krishna Kishore said his state will suffer a Rs 2,000 crore revenue loss if the Centre's GST refo

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and comprising ministers from all states, will, over the next two days, discuss the Centre's 'next-gen' GST reform proposal of having just two tax rates of 5 and 18 per cent by moving products from the current 12 and 28 per cent slab to lower rates.
A special 40 per cent rate has been proposed to be levied on a select few items. A 4-tier GST structure of 5, 12, 18 and 28 per cent was implemented from July 1, 2017, when the Centre and states agreed to subsume most of their taxes, like excise duty and VAT, into one uniform tax.
A compensation cess in the range of 1 to 290 per cent is levied on luxury and demerit goods to create a revenue pool for compensating states for the loss of revenue occurring from the exercise. The compensation me

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a compensation cess, may see differential rates, with entry-level cars being charged 18 per cent rate, while SUVs and luxury ones being put in the special 40 per cent rate.
The special 40 per cent rate will also be for other demerit goods like tobacco, pan masala and cigarettes. There could also be an additional tax on top of this rate for this category.
Opposition states, like West Bengal, have demanded that any levy on top of the 40 per cent rate should exclusively be for sharing with states to make up for their revenue losses.
The compensation cess mechanism was initially put in place for a 5-year period till June 30, 2022, to make up for the revenue loss suffered by states on account of GST implementation.
The levy of compensati

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Stock markets decline in early trade amid weak global trends, relentless foreign fund outflows

Stock markets decline in early trade amid weak global trends, relentless foreign fund outflowsGSTDated:- 3-9-2025PTIMumbai, Sep 3 (PTI) Benchmark equity indices Sensex and Nifty declined in early trade on Wednesday, tracking weak global market trends and

Stock markets decline in early trade amid weak global trends, relentless foreign fund outflows
GST
Dated:- 3-9-2025
PTI
Mumbai, Sep 3 (PTI) Benchmark equity indices Sensex and Nifty declined in early trade on Wednesday, tracking weak global market trends and relentless foreign fund outflows.
Caution also prevailed in the equity market ahead of the GST Council meeting beginning Wednesday.
The 30-share BSE Sensex declined 153.28 points to 80,004.60 in early trade. The 50-share NSE Nifty dipped 46.4 points to 24,533.20.
From the Sensex firms, Infosys, Bajaj Finance, Hindustan Unilever, Bharti Airtel, ICICI Bank and Trent were among the laggards.
However, Tata Steel, Bharat Electronics, Eternal, ITC and Mahindra & Mahindra w

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Orders under section 73 GST set aside for natural justice breach; matter remitted for fresh consideration

Orders under section 73 GST set aside for natural justice breach; matter remitted for fresh considerationCase-LawsGSTThe HC allowed the petition and set aside the impugned orders issued under section 73 of the GST Act and the consequential equal-amount pe

Orders under section 73 GST set aside for natural justice breach; matter remitted for fresh consideration
Case-Laws
GST
The HC allowed the petition and set aside the impugned orders issued under section 73 of the GST Act and the consequential equal-amount penalty, holding that the adjudicating and appellate authorities violated principles of natural justice by failing to consider the petitioner's evidentiary materials and submissions. The court found the record demonstrated outward supplies supported by tax invoices, e-way bills and bank statements and that tax had been discharged, whereas the authorities proceeded on the premise of alleged inward supplies from a non-existent firm without verifying the petitioner's documentation. In consequence, the HC quashed the orders and remitted the matter for fresh consideration in accordance with law and natural justice.
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Issuing show cause notice and determination against a deceased person is impermissible; Section 93 permits action against legal representative

Issuing show cause notice and determination against a deceased person is impermissible; Section 93 permits action against legal representativeCase-LawsGSTThe HC held that issuance of a show cause notice and consequential determination in the name of a dec

Issuing show cause notice and determination against a deceased person is impermissible; Section 93 permits action against legal representative
Case-Laws
GST
The HC held that issuance of a show cause notice and consequential determination in the name of a deceased person is impermissible under the statutory scheme; Section 93 addresses liability of a legal representative but does not authorize determination against a deceased individual. Consequently, the impugned SCN and resultant determination issued to the deceased are quashed as unsustainable for want of notice to the legal representative. The petition is allowed; the matter is remitted to the revenue authority to initiate proceedings, if any, by issuing a fresh show cause notice and affording opportunity to the legal representative before making any determination or ordering recovery.
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Petition dismissed; GST registration cancellation and Section 122 show-cause notice sustained, petitioner must pursue statutory appellate remedies

Petition dismissed; GST registration cancellation and Section 122 show-cause notice sustained, petitioner must pursue statutory appellate remediesCase-LawsGSTThe HC dismissed the petition challenging cancellation of the petitioner’s GST registration. The

Petition dismissed; GST registration cancellation and Section 122 show-cause notice sustained, petitioner must pursue statutory appellate remedies
Case-Laws
GST
The HC dismissed the petition challenging cancellation of the petitioner's GST registration. The court found no documentary evidence rebutting the competent authority's findings and noted the petitioner failed to disclose any challenge or appeal against the Proper Officer's cancellation order. Consequently, the cancellation stands and a show-cause notice issued under Section 122 of the CGST Act, 2017 for recovery of GST and penalty remains effective. The HC relied on the Apex Court principle that writ jurisdiction under Article 226 is inappropriate to supplant statutory remedies in assessment matters and that the petitioner should be relegated to available appellate remedies. Petition dismissed.
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Writ allowed; GST registration cancellation set aside after defective show-cause notice fixed hearing before expiry of reply period

Writ allowed; GST registration cancellation set aside after defective show-cause notice fixed hearing before expiry of reply periodCase-LawsGSTThe HC allowed the writ petition and set aside the impugned cancellation of the petitioner’s GST registration. T

Writ allowed; GST registration cancellation set aside after defective show-cause notice fixed hearing before expiry of reply period
Case-Laws
GST
The HC allowed the writ petition and set aside the impugned cancellation of the petitioner's GST registration. The court found the show-cause notice dated 12.03.2024 legally defective because it afforded a 30-day reply period but fixed an earlier personal hearing within that period, rendering the notice bad in law; the petitioner offered no explanation for non-submission of a written response. Consequently, the HC quashed the 12.03.2024 notice and the consequential order dated 02.05.2024, but expressly left open the respondent's liberty to issue a fresh valid show-cause notice and proceed in accordance with law.
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SJM urges Sitharaman to keep GST under 5 pc for plastic waste, beedi industries

SJM urges Sitharaman to keep GST under 5 pc for plastic waste, beedi industriesGSTDated:- 2-9-2025PTINew Delhi, Sep 2 (PTI) The Swadeshi Jagran Manch (SJM) requested the Centre on Tuesday to keep the GST on plastic waste and beedi production under the 5-p

SJM urges Sitharaman to keep GST under 5 pc for plastic waste, beedi industries
GST
Dated:- 2-9-2025
PTI
New Delhi, Sep 2 (PTI) The Swadeshi Jagran Manch (SJM) requested the Centre on Tuesday to keep the GST on plastic waste and beedi production under the 5-per cent slab.
In a letter to Finance Minister Nirmala Sitharaman ahead of a meeting of the GST Council, the SJM, an affiliate of the Rashtriya Swayamsevak Sangh (RSS), said reducing the current rate of 18-per cent Goods and Services Tax (GST) on plastic waste and 28 per cent on beedi production will help protect and promote employment in the two sectors with better welfare of the workers.
A reduction in the GST rates in the two sectors will also help achieve the objective

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d “greater hardships” to the workers in the unregistered beedi production units as they are deprived of many social security or welfare benefits provided by both the Centre and states, he said.
“We humbly request you to keep beedis under the 5-per cent category to provide relief to this cottage industry which provides employment to a large number of beedi rollers, Tendu leave collectors and labourers engaged in distribution and retail,” Mahajan said.
In the past, a very small amount of central excise duty was levied on beedis by the Centre, he said, adding that even the sales tax was not levied by many states, keeping the interests of beedi workers in mind.
Seeking a reduction in the GST rates on plastic waste, Mahajan said the current 1

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CM Majhi hails launch of IndiaÂ’s first semiconductor chip, compliments OdishaÂ’s PMEC, NIT Rourkela

CM Majhi hails launch of India’s first semiconductor chip, compliments Odisha’s PMEC, NIT RourkelaGSTDated:- 2-9-2025PTIBhubaneswar, Sep 2 (PTI) Odisha Chief Minister Mohan Charan Majhi on Tuesday hailed the launch of India’s first indigenous semiconducto

CM Majhi hails launch of IndiaÂ’s first semiconductor chip, compliments OdishaÂ’s PMEC, NIT Rourkela
GST
Dated:- 2-9-2025
PTI
Bhubaneswar, Sep 2 (PTI) Odisha Chief Minister Mohan Charan Majhi on Tuesday hailed the launch of IndiaÂ’s first indigenous semiconductor chip at the SEMICON India 2025 Conclave in New Delhi, congratulating OdishaÂ’s Parala Maharaja Engineering College (PMEC), Berhampur, for developing the high-performance multiplier IC, a key component.
Majhi, who attended the conclave inaugurated by Prime Minister Narendra Modi, described the launch as a “historic milestone” in IndiaÂ’s journey towards technological leadership.
“I had the privilege of joining #SEMICONIndia2025, a landmark platform that brought together glo

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f the High Performance Multiplier IC – C2S0061 by PMEC Berhampur, along with the VG Amplifier and Sensor Circuit – C2S0018 and the Present Encryption Core – C2S0017 by NIT Rourkela, as part of IndiaÂ’s first Made in India chip initiative, is a matter of immense pride for Odisha.” He added that “these remarkable achievements showcase the talent and innovation nurtured within our state and highlight OdishaÂ’s growing role in IndiaÂ’s semiconductor journey. I warmly congratulate everyone associated with these historic milestones, which represent significant steps towards technological leadership and reflect the unwavering commitment of our institutions to research, innovation, and self-reliance”.
At the conclave, Majhi inaugurated the Odisha Pa

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GST Council meets Wednesday; tax cuts on daily use items in offing

GST Council meets Wednesday; tax cuts on daily use items in offingGSTDated:- 2-9-2025PTINew Delhi, Sep 2 (PTI) The Centre is likely to push for a 5 per cent tax on EVs when its ambitious overhaul of the Goods and Services Tax (GST) to lower tax rates on d

GST Council meets Wednesday; tax cuts on daily use items in offing
GST
Dated:- 2-9-2025
PTI
New Delhi, Sep 2 (PTI) The Centre is likely to push for a 5 per cent tax on EVs when its ambitious overhaul of the Goods and Services Tax (GST) to lower tax rates on daily use items ranging from butter to electronics is considered by the all powerful GST Council in a two-day meeting starting Wednesday.
The Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising ministers from all states, will discuss the Centre's 'next-gen' GST reform proposal of having just two tax rates of 5 and 18 per cent by moving products from the current 12 and 28 per cent slab to lower rates. A special 40 per cent rate has been proposed to b

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ad in his Independence Day speech on August 15 unveiled the plan for GST reforms. Shortly thereafter the central government shared a blue print of the planned reform with a Group of Ministers (GoM) from different states for initial vetting.
The GoM has consented to Centre's proposal of doing away with the 12 and 28 per cent slabs, and reducing tax rates to benefit common man. Its recommendations are to be considered by the Council on September 3 and 4.
While broadly agreeing with the slab changes, the GoM has favoured charging electric vehicles priced up to Rs 40 lakh with an 18 per cent GST, sources aware of the matter said. The Centre, however, is keen to push EV adoption and favours a 5 per cent rate and the same stance will be pushe

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per cent rate, while SUVs and luxury ones being put in the special 40 per cent rate.
The special 40 per cent rate will also be for other demerit goods like tobacco, pan masala and cigarretes. There could also be an additional tax on top of this rate for this category.
Opposition states, like West Bengal, have demanded that any levy on top of the 40 per cent rate should exclusively be for sharing with states to make up for their revenue losses.
Eight opposition-ruled states Himachal Pradesh, Jharkhand, Karnataka, Kerala, Punjab, Tamil Nadu, Telangana and West Bengal — have also demanded that all states be compensated for the revenue loss they incur post the implementation of the GST rejig.
These states have argued that rejig in rat

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Stock markets end lower amid profit-taking in banking, auto shares ahead of GST Council meeting

Stock markets end lower amid profit-taking in banking, auto shares ahead of GST Council meetingGSTDated:- 2-9-2025PTIMumbai, Sep 2 (PTI) Benchmark indices Sensex and Nifty reversed early gains to close lower on Tuesday dragged by last-hour profit-taking i

Stock markets end lower amid profit-taking in banking, auto shares ahead of GST Council meeting
GST
Dated:- 2-9-2025
PTI
Mumbai, Sep 2 (PTI) Benchmark indices Sensex and Nifty reversed early gains to close lower on Tuesday dragged by last-hour profit-taking in banking and auto shares amid caution ahead of the GST Council meeting.
The 30-share BSE Sensex declined 206.61 points or 0.26 per cent to settle at 80,157.88. The barometer opened higher and traded with gains till late afternoon session. However, profit-taking at the fag-end dragged the index down by 752.64 points from the day's high of 80,761.14.
The 50-share NSE Nifty dipped 45.45 points or 0.18 per cent to 24,579.60. During the day, it hit a high of 24,756.10 and a

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CVC flags 23 cases of ‘non-compliance’ of its advice in corruption cases by govt departments

CVC flags 23 cases of ‘non-compliance’ of its advice in corruption cases by govt departmentsGSTDated:- 2-9-2025PTINew Delhi, Sep 2 (PTI) The Central Vigilance Commission (CVC) has flagged 23 cases of “non-compliance” by government departments where its ad

CVC flags 23 cases of 'non-compliance' of its advice in corruption cases by govt departments
GST
Dated:- 2-9-2025
PTI
New Delhi, Sep 2 (PTI) The Central Vigilance Commission (CVC) has flagged 23 cases of “non-compliance” by government departments where its advice was substantially diluted in corruption cases, according to its latest annual report.
Of these cases, the highest, five, were by the Ministry of Railways and two each by National Highway Authority of India (NHAI), Mahanadi Coalfields Limited (MCL), and Energy Efficiency Service Limited (EESL), it said.
One case each was by Deendayal Port Authority (DPA), Bharat Sanchar Nigam Limited (BSNL), Airport Authority of India (AAI), IDBI Bank Ltd, and Indian Overseas Bank, a

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ilance matters.
The advice is tendered by the commission based on a reasoned appreciation of all facts, documents and records relating to a particular case, which are brought to its notice by the organisation concerned, the report said.
“Acceptance of the Commission's reasoned advice in an overwhelming majority of cases by the disciplinary authorities is an indication of the objectivity and fairness of the Commission's advice,” it said.
However, in some cases of officers covered under the commission's jurisdiction, either the prescribed consultation mechanism with the commission was not adhered to, or the authorities concerned did not accept the commission's advice, the report said.
Further, there have been instances where the advic

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attendant.
“However, the disciplinary authority in an order dated June 20, 2023, dropped the charges against the charged official without consulting the Commission for Second Stage Advice (SSA),” the report said, adding that dropping of charges against the charged official is a deviation from the commission's advice.
The CVC cited another matter pertaining to the “submission of fake Bank Guarantee (BG) by a firm and delay in taking action on forfeiture of BGs and banning of the firm by officials of BSNL.” The commission, FSA, had advised initiation of major penalty proceedings against the Joint General Manager of BSNL, among others.
The disciplinary authority in the matter of the then-Jt. GM had awarded a major penalty. However, th

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Next gen GST reforms will set economy open and transparent: Sitharaman

Next gen GST reforms will set economy open and transparent: SitharamanGSTDated:- 2-9-2025PTIChennai, Sep 2 (PTI) The next generation GST reforms would ‘absolutely’ set an economy open and transparent with further reduction in compliance burden and benefit

Next gen GST reforms will set economy open and transparent: Sitharaman
GST
Dated:- 2-9-2025
PTI
Chennai, Sep 2 (PTI) The next generation GST reforms would 'absolutely' set an economy open and transparent with further reduction in compliance burden and benefiting small businesses, Union Finance Minister Nirmala Sitharaman said on Tuesday .
She was speaking at the 120th Foundation Day celebrations of Tamil Nadu-based City Union Bank, where President Droupadi Murmu was the chief guest.
Sitharaman said Prime Minister Narendra Modi recently announced the creation of a Task Force for next generation reforms with a clearer mandate to simplify regulations, lower compliance costs and also build a more enabling ecosystems for startups,

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India grew 7.8 pc in Q1 despite challenges driven by economic self-interest: PM Modi

India grew 7.8 pc in Q1 despite challenges driven by economic self-interest: PM ModiGSTDated:- 2-9-2025PTINew Delhi, Sep 2 (PTI) In a veiled rebuttal to the ‘dead economy’ jibe, Prime Minister Narendra Modi on Tuesday said the Indian economy grew 7.8 per

India grew 7.8 pc in Q1 despite challenges driven by economic self-interest: PM Modi
GST
Dated:- 2-9-2025
PTI
New Delhi, Sep 2 (PTI) In a veiled rebuttal to the 'dead economy' jibe, Prime Minister Narendra Modi on Tuesday said the Indian economy grew 7.8 per cent in the first quarter, surpassing all expectations despite global uncertainties and challenges driven by economic self-interest.
Speaking at the Semicon India 2025 conference here, he said GDP growth in April-June was better than 'every expectation, hope and estimate'.
Indian economic performance came amidst global uncertainties and “aarthik swarth se paida hue chunautiya hai” (challenges stemming from economic self-interest), he said.
“Once again, India has outper

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tional 25 per cent tariff on Indian goods over the country's purchases of Russian oil. This increased total tariffs to 50 per cent the highest in the world.
In the run up to the imposition of the tariff, Trump had dismissed India's economy as “dead”.
India in the first quarter as well as the 2024-25 (April 2024 to March 2025 fiscal) and years proceedings it, has remained the world's fastest growing major economy, outshining China by yards. The US economy grew at 3.3 per cent in April-June.
US officials have in recent days used unduly harsh words to criticise India over continued purchase of Russian oil.
Modi said his government will unleash a new phase of next generation reforms soon.
“In the coming times, we are going to begin a

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