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"gst"

  • NPPA revises coronary stent prices for 2026: What Patients Need to Know

    The NPPA has revised ceiling prices for coronary stents to make life-saving devices more affordable. Hospitals must follow strict pricing rules, display rates, and provide itemised bills, while patients can report overcharging through official channels and mobile apps.
  • Telangana postal circle launches student parcel discount scheme

    The Telangana Postal Circle has launched a student parcel discount scheme offering a ten percent rebate on speed post and retail parcel bookings. The scheme, effective from January 1, 2026, applies to bona fide students across all post offices in Telangana.
  • Health and National Security cess to target pan masala, revenue shared with States

    Finance Minister Nirmala Sitharaman announced the Health and National Security Cess, levied only on demerit goods like pan masala, with revenues shared with states for health schemes. The move complements GST and aims to deter consumption while funding national priorities
  • Govt mandates retail price on all pan masala packs from February 2026

    The Department of Consumer Affairs has mandated that all pan masala packs, including small 10-gram units, display the Retail Sale Price (RSP) from February 1, 2026. The move ensures transparent pricing and facilitates GST implementation on all pack sizes
  • GST collections inch up to Rs 1.70 lakh crore in November despite rate cuts

    India’s GST collections rose marginally to Rs 1.70 lakh crore in November, supported by policy reforms and higher import IGST. Net GST revenue grew 1.3per cent, while April–November collections rose 7.3per cent, reflecting steady consumption and economic momentum
  • Mamata calls accepting GST a blunder, alleges Bengal shortchanged Rs 20,000 crore

    West Bengal CM Mamata Banerjee calls the state’s acceptance of GST a blunder, alleging the Union government diverted funds to BJP-ruled states. She also criticises SIR, illegal infiltration handling, and announces a cricket stadium in Siliguri in Richa Ghosh’s name
  • GST collections rise 4.6 per cent in October to Rs 1.96 lakh crore amid festive buying

    Gross GST collection rose 4.6 per cent year-on-year to Rs 1.96 lakh crore in October, driven by festive season demand despite rate cuts on 375 items. Domestic GST revenue grew 2 per cent, while imports contributed a 13 per cent surge in tax inflow
  • GST 2.0 booster: UPI records 20.70 billion transactions worth Rs 27.28 lakh crore in October

    UPI transactions rose 25 per cent year-on-year in October to 20.70 billion, with total value reaching Rs 27.28 lakh crore, NPCI data showed. IMPS also saw steady growth, as India’s digital payment ecosystem expanded under ongoing GST 2.0 reforms.
  • Industrial output steady at 4 per cent in September as manufacturing, GST cuts boost growth

    India’s industrial output grew 4 per cent in September, steady from the previous month, driven by manufacturing growth aided by GST rate rationalisation and festive demand. The manufacturing sector expanded 4.8 per cent while mining contracted and power generation rose 3.1 per cent, NSO data showed
  • Telangana slips to bottom in GST growth

    Telangana’s GST collections dropped by -5 per cent in September, the lowest in India. Economists warn of declining demand, while BRS accuses Congress of mishandling the State’s economy under Revanth Reddy.
  • Govt monitors e-commerce platforms to ensure GST rate cut benefits reach consumers

    The government is monitoring e-commerce platforms to ensure GST rate cuts on daily essentials are passed to consumers. Authorities are tracking pricing of 54 items, including FMCG products and electronics, amid complaints of inadequate price reductions
  • Karnataka hotels cite high LPG and rent taxes for not passing GST cuts

    Karnataka State Hotels Association says high GST on LPG cylinders and property rents prevent hoteliers from passing government GST cuts to consumers. The association urges relief on rent and fuel to make food and room tariffs more affordable
  • Centre monitors GST cut benefits on e-commerce platforms

    The Centre is monitoring whether e-commerce platforms are passing on GST rate cut benefits on FMCG items. Field officers will submit the first report by September 30. The revised GST structure is expected to lower prices for 99 per cent of daily-use goods
  • Revanth Reddy demands Centre to compensate for revenue loss due to GST rationalisation

    Chief Minister A Revanth Reddy has urged the union government to compensate Telangana for Rs 7000 crore revenue loss following GST rate rationalisation. He warned that the changes would adversely affect State revenues and asked the Centre to support States
  • India launches next-generation GST Bachat Utsav, taxes cut on essentials, medicines, appliances

    India’s next-generation GST, “GST Bachat Utsav,” was implemented, cutting taxes on over 370 items, including essentials, medicines, appliances, and toiletries. Luxury and sin goods face higher levies. The reform aims to boost consumer disposable income and inject Rs 2 lakh crore into the economy.
  • ‘GST Savings Festival’ begins today, BJP MPs to promote new tax rates across markets

    The BJP launched a nationwide ‘GST Savings Festival’ as GST 2.0 takes effect, with MPs visiting markets through padyatras to promote lower tax rates, Swadeshi products, and household savings benefits.
  • GST 2.0 takes effect today with major tax reforms aimed at easing prices

    GST 2.0 takes effect today with a simplified two-slab system, revised rates for 375 items, and price cuts on essentials. PM Modi called it a nationwide “festival of savings” for citizens.
  • Amul reduces prices of 700+ products after GST rate cut

    Amul announces a price reduction on over 700 products, including milk, butter, ghee, and cheese, starting September 22, in line with GST rate rationalisation to pass on benefits to consumers
  • GST 2.0 rationalisation cuts costs for textiles and logistics sectors

    The GST 2.0 rationalisation has reduced rates across textiles and logistics, easing structural anomalies, cutting costs, and boosting demand. The reforms will make garments more affordable, lower freight costs, strengthen SMEs, and enhance India’s export competitiveness, particularly in textile
  • Nissan cuts Magnite prices by up to Rs 1 lakh after GST reduction, festive sales expected to rise

    Nissan Motor India has slashed prices of its New Magnite range by up to ₹1 lakh, passing on GST cuts to customers. With entry models now under ₹6 lakh, the move aims to boost festive season sales starting September 22.
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