Getting GST 2.0 to run like a well-oiled machine
[ad_1] What will ensure the success of GST 2.0 is the bedrock of trust — between the government, industry and consumers [ad_2] Source link
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Tag: 56th gst council meeting
Will the GST rate cuts boost the economy? | Explained
[ad_1] The story so far: On September 3, the GST Council authorised a new paradigm in the indirect tax regime. There will be fewer rates, and the Goods and Services Tax (GST) on most items have been reduced. While this has been welcomed by most sectors, there are some which are somewhat disgruntled. There are […]
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Fixing problems, unlocking India’s growth potential
[ad_1] India’s economic journey has always been shaped by bold reforms, and the latest set of Goods and Services Tax (GST) measures announced at the 56th GST Council meeting on September 3, 2025, may well prove to be one of the most consequential yet. For years, businesses and policymakers alike have called for simplification, predictability, […]
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What are ‘sin goods’ and why do they now attract the highest GST rate?
[ad_1] At its 56th meeting on September 3, 2025, the GST Council announced a simplified tax structure comprising two main slabs, 5% and 18%, alongside a special 40% rate applicable only to designated “sin goods” and certain luxury items, effective from September 22. This revision comes after the removal of the Compensation Cess, with the tax incidence preserved […]
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Who are the members of the GST Council and what is their voting power?
[ad_1] Union Finance Minister Nirmala Sitharaman will chair the 56th GST Council meeting on September 3. File. | Photo Credit: PTI The GST Council is the governing body for Goods and Services Tax implementation in India, comprising representatives from both the central and state governments. The GST Council consists of 33 members from the Central […]
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