Will the GST rate cuts boost the economy? | Explained

Will the GST rate cuts boost the economy? | Explained

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 also […]

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GST Council approves two-rate tax slab effective September 22

GST Council approves two-rate tax slab effective September 22

The Goods and Services Tax (GST) Council, during its 56th meeting, decided to revamp the tax structure into a primarily two-rate system as proposed by the Central government, Union Finance Minister Nirmala Sitharaman announced on Wednesday. She added that the decisions would come into effect from September 22 for most items. Only tobacco and tobacco-related […]

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GST Council meet: Jammu and Kashmir CM Abdullah seeks central support for terror-hit economy

GST Council meet: Jammu and Kashmir CM Abdullah seeks central support for terror-hit economy

Highlighting the devastating impact of the Pahalgam terror attack on the economy of Jammu and Kashmir, Chief Minister Omar Abdullah on Wednesday (September 3, 2025) sought the Centre’s support to deal with the situation. The Union Territory (UT) was facing a severe fiscal crisis as its public revenues had “collapsed” in the aftermath of […]

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GST Council begins key meeting to discuss Centre’s rate cut proposals

GST Council begins key meeting to discuss Centre’s rate cut proposals

Union Finance Minister Nirmala Sitharaman and Union Minister of State for Finance Pankaj Chaudhary, during the 56th meeting of the GST Council, in New Delhi on September 3, 2025. Several CM’s of States attend the meeting. | Photo Credit: ANI The Goods and Services Tax (GST) Council began its two-day meeting on Wednesday (September 3, […]

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