GST Bachat Utsav Brings Relief to Farmers with Reduced Tax on Agricultural Inputs

November 7, 2025 7:37 PM November 7, 2025 7:37 PM

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GST Bachat Utsav Brings Relief to Farmers with Reduced Tax on Agricultural Inputs

The GST Bachat Utsav was kicked off on 22nd of September this year with the reduction in GST rates, benefitting citizens across the country. Today, our correspondent brings a report on how the new GST rates in the agriculture sector is helping citizens. A report.    The next generation GST reforms have provided relief to the agriculture sector by lowering taxes on essential machinery and food products, making farming more efficient for lakhs of farmers.  Fertiliser-related materials such as ammo...

World Bank raises India’s FY26 growth forecast to 6.5% on strong domestic demand and GST reforms

October 7, 2025 6:31 PM October 7, 2025 6:31 PM

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World Bank raises India’s FY26 growth forecast to 6.5% on strong domestic demand and GST reforms

The World Bank has raised India’s growth forecast to 6.5 per cent for the financial year 2026 from its earlier projection of 6.3 per cent in June, citing resilient domestic demand, strong rural recovery and the positive impact of Goods and Services Tax (GST) reforms.   In its latest South Asia Development Update, the World Bank said that India is expected to remain the world’s fastest-growing major economy, underpinned by strong consumption growth. However, it downgraded the country’s growt...

GST changes to increase GDP by nearly ₹20 lakh crore: Ashwini Vaishnaw

September 22, 2025 3:06 PM September 22, 2025 3:06 PM

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GST changes to increase GDP by nearly ₹20 lakh crore: Ashwini Vaishnaw

Senior BJP leader and Union Minister Ashwini Vaishnaw has said that the next generation GST reforms, which came into effect from today will speed up the economic growth of the country. Briefing media at party headquarters in New Delhi today, Mr Vaishnaw said, the consumption will also grow further, leading to an increase of nearly 20 lakh crore rupees in the GDP.     He said, the people across the country are delighted, as a significant portion of their income will now be saved, as most of the d...

CAIT Organises Trader’s Conference on Next-Gen GST Reforms in Delhi

August 26, 2025 7:25 PM August 26, 2025 7:25 PM

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CAIT Organises Trader’s Conference on Next-Gen GST Reforms in Delhi

The Confederation of All India Traders (CAIT) today organised a Trader’s Conference on Next Generation GST Reforms in New Delhi. Addressing the conference, Member of Parliament and National General Secretary, CAIT, Praveen Khandelwal, highlighted the challenges being faced by the trading community and emphasised that a practical GST structure will ease compliance, enhance tax collection, expand the tax base, and drive economic growth. Mr Khandelwal further mentioned that the Prime Minister appea...

CBIC advises stakeholders to wait for official GST rate announcements

August 26, 2025 4:22 PM August 26, 2025 4:22 PM

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CBIC advises stakeholders to wait for official GST rate announcements

The Central Board of Indirect Taxes and Customs (CBIC) has urged people to avoid speculation on GST rates. In a social media post, CBIC said that decisions in this regard are taken collectively by the GST Council, which comprises the Centre and States. It said that premature speculation gives rise to baseless rumours and may cause volatility in the markets. CBIC also advised all stakeholders to kindly await the official announcements, which will be made after the GST Council meeting scheduled on...

Online gaming, betting, casinos, gambling, horse racing and lottery to attract 28 percent GST

October 1, 2023 1:47 PM October 1, 2023 1:47 PM

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Online gaming, betting, casinos, gambling, horse racing and lottery to attract 28 percent GST

Online gaming, betting, casinos, gambling, horse racing and lottery will attract twenty eight percent Goods and Service Tax (GST). In a gazette notification, by Finance Ministry the amended GST provision has come into force from today. The decision to levy 28 percent GST was taken in the 51st GST Council meeting held in New Delhi in August this year.