gst rates

As India opens its markets through FTAs, domestic cost structures, especially those linked to GST credit accumulation, become even more critical to ensure a level playing field.

In a statement, the association expressed optimism that the prevailing electoral practices of distributing money to voters and mobilizing crowds for political meetings through financial incentives would come to an end in the state. It noted that such changes would strengthen democratic values and ensure fairer electoral processes in the future.

452 Seminaries Told To Shift Under New Minority Education Authority

India's economy shows resilience amid Middle East crisis, with household spending largely unaffected by rising energy prices, though consumer confidence is slightly dipping. While manufacturing faces some impact, the services sector remains robust, and overall growth for Q4 FY26 is projected to remain strong, with limited downside risks.

Bengaluru's roads are witnessing a surge in two-wheelers, with 1,400 new bikes and scooters added daily. This trend, driven by high public transport costs and last-mile connectivity issues, means two-wheelers now dominate nearly 70% of city traffic. Experts predict the number of two-wheelers will reach one crore within three years, highlighting their essential role in daily commutes.

Brokerages offer mixed views on Indian stocks. Motilal Oswal is bullish on Dixon Technologies, citing government approvals. Macquarie is cautious on United Spirits, noting growth lags. Citigroup recommends HDFC Life despite Q4 challenges. Morgan Stanley maintains an overweight on HDFC AMC, expecting steady AUM growth. Nomura reiterates a buy on Wipro, highlighting deal wins and a significant buyback.

India is set to lead South Asia's economic expansion, with the World Bank projecting 6.6% growth this fiscal year, an upgrade from earlier forecasts. Robust domestic demand and resilient exports are fueling this surge. While inflation is a concern, consumer spending is expected to remain strong, though global conflicts pose future uncertainties.

KTM's popular 390 Duke and 390 Adventure X have seen substantial price hikes in India, with increases up to Rs 40,000. The 390 Duke now costs Rs 3.39 lakh, while the 390 Adventure X is priced at Rs 3.43 lakh. This surge is attributed to the higher GST on motorcycles exceeding 350cc, a burden now fully passed to consumers.

Health professionals here have welcomed the announcement of the Union finance minister Nirmala Sitharaman to cut gst rates on medical items being used for Covid-19 treatment till September 30 this year.

FMCG volume growth in India slowed to 2.6% in the December quarter, down from 6.2% a year prior, due to disruptions at kirana stores caused by the GST transition. While value growth also declined, analysts anticipate a consumption recovery from the March quarter as the impact of tax cuts becomes more apparent.

In the wake of some media reports stating that feedback has been sought from states regarding a suggestion for raising Good and Services Tax (GST) rates on 143 items, the ministry in a statement said deliberations of the panel of ministers to rationalise gst rates are ongoing and the report has not been submitted.

Ahead of the Goods and Services Tax (GST) Council meeting on Saturday, the government is pushing for a review of the levy on mobile phones, footwear, fertiliser and man-made fibres to correct a major discrepancy that has crept in where the duty on the finished product is lower than those on inputs.

New gst rates 2025 full list: The Finance Minister announced significant GST rate cuts and slab changes, effective September 22, 2025, leading to cheaper daily-use items. Many food items will attract 0% GST, and life and health insurance will also see zero tax. The government is monitoring price changes, while luxury and sin goods may face higher taxes, potentially reaching a 40% bracket.

"Today, the 28 per cent category is being phased out. Bulk of these items remaining in this category are only luxury items or sin goods. The other items outside the luxury-sin goods category are cement, air-conditioners, large screen televisions and a handful of others," Jaitley said.