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Saturday, September 6, 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

Kolkata’s silencing of Javed Akhtar exposes India’s secular vacuum

Amana Begam -
Even those parties that wear the label of secular and progressive often bow to the pressures of fundamentalist groups within the Muslim community.

Vijay is winning nickname war in Tamil Nadu. He’s attacking Brand Stalin with ‘uncle’ taunt

I will keep attacking India even though my missiles reach nowhere: Pakistani General X

Economy

GST 2.0: India streamlines indirect tax regime amid Trump tariffs & what it means for consumers

Sampurna Panigrahi -
Goods and Services Tax Council paves way for a broad two-slab structure of 5% and 18% with a demerit rate of 40% for super luxury and 'sin' goods.

Defence

Dassault Aviation takes majority control of joint venture with Anil Ambani’s Reliance

Javaria Rana -
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.

National Interest

For Indian Mercedes, Asim Munir’s dumper truck in mirror is closer than it appears

Shekhar Gupta -
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.

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