GST Cuts Bring Festive Cheer To Shopping Basket, Just As PM Modi Promised

'Long Overdue But...': Opposition's '1 Nation, 9 Taxes' Jab Over GST Overhaul

The Goods and Services Tax Council's rationalisation of tax slabs - reducing four brackets to two while exempting several 'daily use' items, including premiums on health and life insurance - has been received with scepticism by the Congress.

GST rate cut: TVs, ACs and other electronics to get cheaper, bringing festive relief to middle class ahead of Diwali

Under GST 2.0, TVs, ACs and other consumer electronics are set to become more affordable.

Next-gen GST Reforms: Relief Across Sectors for Indians; Check What All Items Become Cheaper

Get latest articles and stories on Business at LatestLY. The GST Council, on Wednesday, after a threadbare discussion, approved significant rate cuts across multiple sectors, which the government has described as a Diwali gift for the nation. Business News | Next-gen GST Reforms: Relief Across Sectors for Indians; Check What All Items Become Cheaper.

GST Cuts Bring Festive Cheer To Shopping Basket, Just As PM Modi Promised

From groceries and gadgets to eating out, the GST Council’s sweeping tax cuts promise relief for households this festive season.

GST 2.0 cuts prices on TVs, cement, bikes; milk, paneer now tax-free. Check full list

Households stand to benefit the most, as a host of everyday items have seen major reductions. Hair oil, toilet soaps, shampoos, toothbrushes and bicycles will now attract just 5% GST, down from 18%.

PM Modi welcomes GST Council’s approval of rate cuts, reforms

New Delhi: Prime Minister Narendra Modi on Wednesday welcomed the GST Council’s collective approval of the Union government’s proposals on rate rationalisation and process reforms, calling it a step that will benefit the common man and strengthen small businesses. In a post on X, the Prime Minister said the reforms would improve lives and promote ease of doing business. “During my Independence Day speech, I had spoken about our intention to brin…