scorecardresearch
Add as a preferred source on Google
Tuesday, November 11, 2025
TopicGST rate cut

Topic: GST rate cut

There is a shift in Modi govt’s economic strategy. It comes with some risks

The government’s post-Covid policy was to keep the fiscal deficit under check, rein in its revenue expenditure, and spend more on building infrastructure. That strategy seems to be changing.

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

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

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

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

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

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

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

On Camera

India is exploring a new insurance plan. Payout is triggered when heat, rainfall rise

In Rajasthan and Gujarat, informal women workers received cash payouts when heat levels crossed 40°C. The pilot cut administrative delays and reached beneficiaries quickly.

No more text-heavy ads, wider scope of services—ICAI’s ethics code overhaul to promote Indian CA firms

Open to public feedback until 26 November, the revised guidelines, among other changes, give CA firms more flexibility to advertise & promote their services.

‘Let them see’: Putin says new nuclear-powered missiles in the making, in message to Washington

At a ceremony felicitating Russian military engineers, Putin highlights Moscow’s 'parity' in defence technologies for the next century.

Bihar is where politics moves, and everything else stands still

Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.