- 01 Sep 2025 06:30 PM
- New
GST 2.0 should pave way towards single tax rate: Report
New Delhi, Sep 1 (PTI) The long-term success of Goods and Services Tax (GST) lies in moving towards a single nationwide tax rate, and that GST 2.0 must act as the stepping stone by keeping to just two slabs – 5 per cent and 18 per cent – while capping the peak rate firmly at 18 per cent, not 40 per cent, a report said.
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- 01 Sep 2025 06:58 PM
- New
BCAS Proposes Next-Gen GST Reforms to Simplify Tax System
Source: https://taxguru.in/goods-and-service-tax/bcas-proposes-next-gen-gst-reforms-simplify-tax-system.html
In a significant move to streamline India’s Goods and Services Tax (GST) framework, the Bombay Chartered Accountants Society (BCAS) has submitted a representation to the Finance Minister, Nirmala Sitharaman, the GST Council Secretariat, and the Central Board of Indirect Taxes & Customs (CBIC). This communication, dated August 30, 2025, outlines a series of “next-generational” reforms aimed at simplifying compliance and aligning with the vision articulated by Prime Minister Narendra Modi during his 79th Independence Day address. The proposals are categorized into substantive and procedural suggestions, covering structural reforms, rate rationalization, and ease of living.
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- 30 Aug 2025 05:21 PM
- New
Eight states want GST rate cuts to be linked to revenue guarantee
The tax rate restructure proposals mainly include compressing the four-rate GST structure into a two-rate regime, with most of the products and services getting shifted to lower slabs.
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- 30 Aug 2025 05:25 PM
Premium Economy takes off in Indian skies
Source: https://www.livemint.com/industry/premium-economy-takes-off-in-indian-skies-11756467441475.html
As news of changes in GST slabs and possible increase in GST on Business and Premium Economy makes the rounds, the impact will definitely be felt to the consumers.
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- 29 Aug 2025 05:49 PM
Trent share price: Nifty top gainer jumps 3% in muted Indian stock market; here's why
Tata group stock Trent Limited gained over 3% in intraday deals on Friday, August 29, boosted by media reports that the government has proposed to hike threshold for readymade garments attracting 5% goods and services tax (GST) rate.
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- 29 Aug 2025 05:46 PM
Colgate, Britannia to ITC: FMCG stocks rally in muted Indian stock market on GST reform proposal
The gains in FMCG stocks came as media reports suggested that the government is looking to slash goods and services tax (GST) on select consumer products to 5%.
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- 29 Aug 2025 06:04 PM
GST exemption on health insurance premiums would signal a shift toward inclusive protection
The proposal by the Group of Ministers (GoM) to exempt health insurance premiums from Goods and Services Tax (GST) is more than a mere fiscal adjustment; it marks a crucial step in reshaping India's health insurance market. Premiums currently attract 18% GST, which makes health insurance unaffordable for many middle-income families and senior citizens. Removing this levy would not only reduce prices but also reinforce the view that health insurance is a necessity rather than a luxury.
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- 29 Aug 2025 05:58 PM
Opposition states demand compensation for revenue loss due to Centres GST reform proposal
Opposition states demand compensation for revenue loss due to Centre's GST reform proposal
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- 29 Aug 2025 05:52 PM
Ola, HBL Engineering to Paytm: Over 30 stocks ride through market swings, gain 10–38% in August. Do you own any?
Despite higher US tariffs impacting the market, select stocks thrived in August. Auto sector optimism grew due to potential GST cuts and supportive factors. HBL Engineering and Sarda Energy & Minerals saw significant gains, while Ola Electric rebounded sharply in August.
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- 29 Aug 2025 06:01 PM
Modi's GST 2.0 is a high-stakes bet on the Indian consumer. Will it work?
In his Independence Day address to the nation, Prime Minister Narendra Modi promised a Diwali gift in the form of sweeping goods and services tax (GST) reforms. This announcement comes just as India faces fresh pressure from abroad. With US President Donald Trump’s steep 50% tariffs on Indian exports now in effect, reviving domestic demand has become critical.
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