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GST Reforms May Cost Centre Just 0.05 PC of GDP: Bernstein

New Delhi: The sweeping changes in Goods and Services Tax (GST) rates announced by the government may have only a minor impact on public finances, with the fiscal burden on the Centre expected to be just Rs 18,000 crore, according to a report by global brokerage Bernstein on Thursday. This amounts to only 0.05 per

Opposition Slams Centre Over GST Reforms, Says Move Will Not Benefit People

New Delhi: The Opposition parties on Thursday hit out at the Centre over the new GST reforms, arguing that the changes will not provide real relief to the common man and urging the government to reconsider its decision on the revised tax slabs. The GST Council on Wednesday approved sweeping reforms in India’s indirect tax

GST on 33 Cancer Drugs, Rare Disease Medicines Slashed to 0 From 12 PV: FM Sitharaman

New Delhi: In a historic move, the Union government has slashed the Goods and Services Tax (GST) rates for 33 cancer drugs and rare medicines — from 12 to zero per cent. The decision taken by the GST Council, chaired by Finance Minister Nirmala Sitharaman, on Wednesday, rationalised the indirect tax structure, cutting the current

No GST On Life And Health Insurance Premiums From Sep 22

New Delhi: In a significant development for policyholders, GST on individual health and life insurance premiums, which currently stands at 18 per cent, has been reduced to nil in the 56th GST Council meeting, and will come into effect starting September 22. Finance Minister Nirmala Sitharaman said the move will make insurance more affordable for

GST Council Approves 5 and 18 % Tax Structure, To Be Implemented From Sep 22

New Delhi: In a landmark move, the GST Council, chaired by Finance Minister Nirmala Sitharaman, on Wednesday rationalised the indirect tax structure, cutting the current four slabs down to two — scrapping the 12 per cent and 28 per cent rates, while retaining the 5 per cent and 18 per cent slabs. The changes in

Lok Sabha Clears New Income Tax Bill 2025: All You Need to Know About Key Changes

New Delhi: The Lok Sabha on Monday passed the Income Tax Bill, 2025, marking a significant step towards replacing India’s six-decade-old direct tax framework, with the government seeking to balance investor confidence, taxpayer relief, and administrative efficiency with the new law. The legislation, once enacted, will formally replace the 63-year-old tax code with a modernised

Tag: Finance Minister Nirmala Sitharaman

GST Reforms May Cost Centre Just 0.05 PC of GDP: Bernstein

Opposition Slams Centre Over GST Reforms, Says Move Will Not Benefit People

GST on 33 Cancer Drugs, Rare Disease Medicines Slashed to 0 From 12 PV: FM Sitharaman

No GST On Life And Health Insurance Premiums From Sep 22

GST Council Approves 5 and 18 % Tax Structure, To Be Implemented From Sep 22

Lok Sabha Clears New Income Tax Bill 2025: All You Need to Know About Key Changes

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