September 7, 2025 9:09 PM

CBIC Dismisses Fake Social Media Message on GST Transition Benefits

The Central Board of Indirect Taxes and Customs (CBIC) has dismissed an informal message being circulated on social media platforms, claiming that certain Transition Benefits under GST will be applicable, related to Unutilised cess credit, ITC of exempted supplies and New price adjustment provisions...

September 7, 2025 6:14 PM

GST Council Rationalises Rates: MSMEs, E-Commerce, and Logistics to Benefit From Lower Taxes

On this Independence Day at the ramparts of Red Fort, Prime Minister Narendra Modi announced the Next Generation of GST reforms by Diwali. The Prime Minister’s vision of creating a more efficient and citizen-friendly economy was realised as the GST Council on 3rd September approved rates rationali...

September 7, 2025 7:49 AM

Next Gen GST will benefit agriculture sector and farmers: Shivraj Singh

Union Agriculture and Rural Development Minister Shivraj Singh Chouhan has stated that the newly introduced GST rates and slabs will have a significant impact on the agriculture sector. Speaking at a press conference in Bhopal, the Union Minister explained that the changes will particularly benefit ...

September 5, 2025 10:32 PM

New GST Will Boost Consumption, Won’t Affect Capital Expenditure: FM Sitharaman

Union Finance Minister Nirmala Sitharaman has said that the new GST regime will improve consumption by citizens and it will not impact capital expenditure.     In an interview with a private news channel, Mrs Sitharaman said, 99 per cent of all the goods and services are now either in the zero...

September 5, 2025 8:52 PM

GST Rationalisation: Tax on Daily Essentials Reduced to 5% or Exempt, Easing Household Burden

On this Independence Day at the ramparts of Red Fort, Prime Minister Narendra Modi announced the Next Generation of GST reforms by Diwali. The Prime Minister’s vision of creating a more efficient and citizen-friendly economy was realised as the GST Council on 3rd September approved rates rationali...

September 5, 2025 7:00 PM

FTCCI Hails GST Rate Rationalisation as Landmark Step, Cites Boost to Construction and Agriculture

The Federation of Telangana Chambers of Commerce and Industry (FTCCI) today hailed the GST rate rationalisation and termed it a landmark step towards a simpler and more inclusive tax regime.     Addressing the media in Hyderabad, FTCCI president R Ravi Kumar said the GST Council’s decision t...

September 5, 2025 2:26 PM

Sensex, Nifty Down in Afternoon Session; Auto Sector Outperforms

Benchmark domestic equity indices, Sensex and Nifty, were trading around 0.4 per cent down in afternoon trade today. The Sensex dipped 358 points to 80 thousand 360, and Nifty dropped 98 points to 24 thousand 636, when reports last came in. On the sectoral front, Realty, IT pack, and FMCG were dragg...

September 5, 2025 1:57 PM

GST Council Approves Rate Rationalisation; Focus on Common Man and Education Sector

On this Independence Day from the ramparts of Red Fort, Prime Minister Narendra Modi announced the Next Generation of GST reforms by Diwali. The Prime Minister’s vision of creating a more efficient and citizen-friendly economy was realised as the GST Council on the 3rd of this month approved rates...

September 5, 2025 8:48 AM

Over 400 Rural Women from SHGs Across India to Showcase Products at Saras Fair

The 27th edition of Saras Aajeevika Mela will begin today in New Delhi. The fair will provide a vital marketing platform for rural women to showcase and sell their products. More than 400 rural women belonging to Self Help Groups from all States and Union Territories of the country will participate ...

September 5, 2025 6:49 AM

PM Modi’s Vision Realised: GST Council Approves Major Tax Cuts on Consumer Electronics

On this Independence Day at the ramparts of Red Fort, Prime Minister Narendra Modi announced the Next Generation of GST reforms by Diwali. The Prime Minister’s vision of creating a more efficient and citizen-friendly economy was realised as the GST Council on 3rd September approved rates rationali...