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Wednesday, August 13, 2025
TopicGST rate cut

Topic: GST rate cut

‘Average tax under GST dropped from 15.8 % to 11.3 %,’ Nirmala Sitharaman says in RS Budget session

ANI -
Sitharaman was answering question raised by AITC MP Nadimul Haque on reforms under GST and if govt was planning to simplify rates & structure by reducing the number of tax slabs.

Cutting income tax is not the fix Indian economy needs. It’s slashing GST rates

Ila Patnaik -
Tax officials will try and collect more taxes to meet their optimistic targets. But that will have a further negative effect on consumption demand.

Lotteries take a hit, but states prevent other GST rates from being hiked

Remya Nair -
GST council votes to levy uniform 28% tax on both state and private lottery, which will come into effect from March 2020. The tax rate earlier was 12%.

Moody’s says recent GST rate cut will put extra pressure on India’s fiscal consolidation

PTI -
The ratings agency estimated a revenue loss of around Rs 8,000-10,000 crore due to the GST cut.

Modi govt wants to know why your latte is so expensive, McDonald’s says thank GST

Priyamvada Grover -
McDonald’s franchisee Hardcastle gets notice for not dropping the price even after GST rate cut, insists input tax credit withdrawal has left a deep impact.

GST rate cut shows reformist intent of Modi govt

Neelkanth Mishra -
GST rate cuts will help formalisation and boost business. Relaxation of return filing procedures should help smaller firms embrace the tax reform.

On Camera

YourTurn

Opinion

Chinese chatter says Trump tariffs will make India turn to China and Russia

Sana Hashmi -
One analyst noted that Trump’s tariff on India signals a clear shift from Washington’s earlier view of New Delhi as a friendly partner to a strategic adversary.

Kerala BJP losing favour with Church. Sangh not on board with Christian outreach

How GST changed import duty revenue for states—no blame, more profit

Economy

How mining, manufacturing & power sectors weighed on India’s industrial output since January 2024

Sampurna Panigrahi -
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.

Defence

India expands Southeast Asia defence footprint with new joint venture in Philippines

Javaria Rana -
Memorandum of understanding between SMPP and ADFC was signed during state visit of Philippines’ President to India earlier this month.

National Interest

Modi’s ready to risk it all for farmers. Farm reform can answer Trump with new Green Revolution

Shekhar Gupta -
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.

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