Andhra Pradesh Deputy CM Pawan Kalyan welcomed the GST reforms approved by the Council, calling them a “true Diwali gift” to the nation. Leaders including CM Chandrababu Naidu and Union Ministers Kishan Reddy and Bandi Sanjay also praised the reforms.
Finance Minister Nirmala Sitharaman said the next generation of GST reforms will simplify compliance, benefit small businesses, and boost transparency. She praised banks for improved asset quality, noted record GDP growth, low inflation, and underlined trust, technology, and transparency as guiding principles
Association of Indian Medical Device Industry says changing GST rates for medical devices could impact domestic competitiveness if not carefully managed
Sensex and Nifty surged in early trade on Monday, driven by GST reform plans and S&P’s sovereign rating upgrade for India. Auto, consumer discretionary and cement stocks led gains, while select IT and infrastructure stocks lagged amid global mixed cues
The Finance Ministry has proposed a simplified two-tier GST system with “standard” and “merit” slabs, aiming to reduce taxes on essential and aspirational goods. Linked to PM Modi’s Independence Day pledge, reforms target relief for citizens, MSMEs, and sustainable long-term growth
