Effective September 22, 2025, the Modi government's GST 2.0 simplifies taxation with two slabs (5% and 18%), benefiting households, businesses, and farmers. Essentials become cheaper, life insurance ...

New GST Rates 2025 Live Updates: In a major relief for consumers and small businesses, the GST Council, comprising the Centre and states - under PM Narendra Modi, has decided to reduce tax rates on ...

New GST Rate Change: India's GST system underwent a significant reform in September 2025 with the rollout of GST 2.0. The GST Council approved a simplified two-rate structure—5% and 18%—replacing the ...

The reduction of GST on daily essentials like milk, medicines, and packaged foods from 12% to 5% is set to lower costs for consumers. This change will directly increase disposable income. “Since tax ...

As Budget 2026 approaches, one idea is quietly gaining traction in policy circles and among taxpayers — can personal income tax be simplified the way Goods and Services Tax (GST) was streamlined over ...

The GST council earlier this month announced rationalisation of Goods and Services Tax (GST) rates, which came into effect on Monday, September 22. The news rates, significantly benefitting the lower ...

India's GST collections softened in November 2025 due to the rationalisation move that reduced the indirect tax of hundreds of items. GST collections are up 8.9% annually at ₹14,75,488 crore in the ...

India's GST collections grows 4.6% to ₹1.96 lakh crore in October despite tax cuts India's collections of goods and services tax (GST) witnessed a 4.6% year-on-year (YoY) growth to ₹1.96 trillion in ...

According to official data, gross GST collections reached a record ₹22.08 lakh crore in 2024–25, a 9.4 per cent increase over the previous year, with average monthly collections of ₹1.84 lakh crore.