Next-Gen GST Reforms Slash Rates on Electronics — Driving Demand, Boosting Localisation, Creating Jobs, and Powering India’s Affordable Digital Growth The recent next-gen reforms in Goods and Services Tax (GST) are set to boost sectors under the Ministry of Electronics and Information Technology (MeitY), particularly consumer electronics and ICT hardware. The rate reductions will make … Read more
A New Era for Indian Agriculture: PM Modi’s GST Reforms The new Goods and Services Tax (GST) rates are being hailed as a major win for India’s agriculture and dairy sectors. With significant reductions in taxes, farmers, agricultural workers, and livestock owners across the country are expressing their gratitude to Prime Minister Narendra Modi and … Read more
GST Reforms for a Fitter, More Mobile, and Empowered Youth The Government of India’s recent GST reforms are a significant step towards empowering the nation’s youth, promoting healthy lifestyles, and making daily life easier. These changes align with key national initiatives like the Fit India Movement, aiming to increase participation in sports and fitness while … Read more
Massive GST Rate Cuts to Boost Consumption In a major overhaul of the Goods and Services Tax, the government has reduced rates on nearly 400 goods and services. The new simplified two-tier structure of 5% and 18% will replace the previous four-tier system, making everyday items more affordable for consumers. This change, which comes into … Read more
In a move aimed at strengthening the rural economy and supporting dairy farmers, Prime Minister Narendra Modi announced that the recent “NextGen GST Reforms” will make dairy products more affordable for all households. The reforms, which were recently approved by the GST Council, include significant changes to the tax structure for the dairy sector. Key … Read more
In a significant move for India’s environmental future, the government has announced new Goods and Services Tax (GST) reforms aimed at creating a “Green India.” Union Minister for Environment, Forest and Climate Change, Bhupender Yadav, has hailed these changes as a “historic Diwali gift” that will help the nation meet its Net Zero 2070 pledge. … Read more
GST Reforms Set to Transform India’s Economy, Boost Products, and Benefit Consumers: Piyush Goyal The Indian government’s recent GST reforms will provide a “tremendous and unprecedented boost” to the economy by increasing consumption and creating a win-win situation for both businesses and consumers, said Union Minister of Commerce and Industry Piyush Goyal. Speaking at the … Read more
In a landmark decision aimed at making life more affordable for millions, the 56th GST Council has announced sweeping reforms under a new “Next-Gen GST” regime. Effective immediately, these changes bring significant GST rate cuts across a wide range of goods and services, benefiting households, farmers, and key industries. Major GST Rate Cuts Across the … Read more
GST Reforms to Benefit Citizens and Businesses, PM Modi Announces Prime Minister Narendra Modi has announced that the GST Council has unanimously approved “next-generation” reforms aimed at simplifying the tax structure and reducing rates on a wide range of goods and services. The changes, which were proposed by the Union Government and will take effect … Read more
At the 56th GST Council Meeting, several states have expressed concerns about potential revenue losses due to the proposed restructuring of GST rates. Karnataka, Punjab, and West Bengal specifically requested that the central government provide an estimate of the likely revenue loss. The report also mentioned that Telangana and Sikkim may have voiced similar apprehensions. … Read more
