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GST Reforms 2025: Tobacco, Luxury Cars, Soft Drinks To Get Costlier Under 40% Slab

The Government of India has rolled out a historic reform in the Goods and Services Tax (GST) system by eliminating the 12% and 28% slabs and restructuring the tax categories. The changes, which took effect today, bring relief to households as 99% of daily-use products will now fall under lower tax rates. However, in order to balance revenue and discourage harmful or luxury consumption, the government has introduced a new 40% GST slab for specific goods.

Business

22 Sep 2025 07:48 AM 695 views

GST Reforms 2025: Tobacco, Luxury Cars, Soft Drinks To Get Costlier Under 40% Slab

The Government of India has rolled out a historic reform in the Goods and Services Tax (GST) system by eliminating the 12% and 28% slabs and restructuring the tax categories. The changes, which took effect today, bring relief to households as 99% of daily-use products will now fall under lower tax rates. However, in order to balance revenue and discourage harmful or luxury consumption, the government has introduced a new 40% GST slab for specific goods.

Business

GST Council Approves New Measures to Ease Compliance and Rationalize Tax Slabs

The Goods and Services Tax (GST) Council has approved a series of new measures aimed at easing the compliance burden for businesses in India, with a focus on reducing the registration time for MSMEs (Micro, Small, and Medium Enterprises) and start-ups. Sources confirmed to that the new policy will reduce the MSME registration time from 30 days to just three days, streamlining the process significantly. In addition, a proposal for automated GST refunds for

Business

03 Sep 2025 11:51 AM 590 views

GST Council Approves New Measures to Ease Compliance and Rationalize Tax Slabs

The Goods and Services Tax (GST) Council has approved a series of new measures aimed at easing the compliance burden for businesses in India, with a focus on reducing the registration time for MSMEs (Micro, Small, and Medium Enterprises) and start-ups. Sources confirmed to that the new policy will reduce the MSME registration time from 30 days to just three days, streamlining the process significantly. In addition, a proposal for automated GST refunds for

Business

US-India Trade Deal Urgency Grows as Tariff Deadline and Global Stakes Rise

India is facing increasing pressure to conclude a trade agreement with the United States as the August 1 deadline approaches. If a deal is not reached, tariffs on key exports are expected to rise significantly to 26%, potentially impacting India's trade flows, domestic sectors, and global positioning. The urgency has been compounded by recent international developments and India's own active pursuit of balanced trade partnerships. A recent trade agreement between the Unite

Finance & Economics

25 Jul 2025 03:52 AM 739 views

US-India Trade Deal Urgency Grows as Tariff Deadline and Global Stakes Rise

India is facing increasing pressure to conclude a trade agreement with the United States as the August 1 deadline approaches. If a deal is not reached, tariffs on key exports are expected to rise significantly to 26%, potentially impacting India's trade flows, domestic sectors, and global positioning. The urgency has been compounded by recent international developments and India's own active pursuit of balanced trade partnerships. A recent trade agreement between the Unite

Finance & Economics

GST Rates on Cigarettes, Carbonated Drinks, and Luxury Cars Likely to Rise

The Goods and Services Tax (GST) rates on certain items, including cigarettes, carbonated drinks, and luxury cars, may soon see a hike, according to government sources. This change is being considered as part of a proposal to replace the existing compensation cess with a new health and green cess, aimed at promoting sustainability and addressing health concerns. Currently, items like cigarettes, carbonated drinks, an

Finance & Economics

02 Jul 2025 06:07 AM 1.15k views

GST Rates on Cigarettes, Carbonated Drinks, and Luxury Cars Likely to Rise

The Goods and Services Tax (GST) rates on certain items, including cigarettes, carbonated drinks, and luxury cars, may soon see a hike, according to government sources. This change is being considered as part of a proposal to replace the existing compensation cess with a new health and green cess, aimed at promoting sustainability and addressing health concerns. Currently, items like cigarettes, carbonated drinks, an

Finance & Economics

India Becomes World’s 4th Largest Economy

In a landmark economic achievement, India has officially become the world’s 4th largest economy, overtaking Japan, according to recent data shared by government officials and confirmed by the International Monetary Fund (IMF). The development comes just days after Prime Minister Narendra Modi reaffirmed India’s ambitious goal of becoming a $5 trillion economy by 2025. Union Minister Jitendra Singh announced the milestone on social media platform X, stati

Finance & Economics

26 May 2025 02:30 AM 836 views

India Becomes World’s 4th Largest Economy

In a landmark economic achievement, India has officially become the world’s 4th largest economy, overtaking Japan, according to recent data shared by government officials and confirmed by the International Monetary Fund (IMF). The development comes just days after Prime Minister Narendra Modi reaffirmed India’s ambitious goal of becoming a $5 trillion economy by 2025. Union Minister Jitendra Singh announced the milestone on social media platform X, stati

Finance & Economics

Poonam Gupta Becomes First Woman in 10 Years to Be Appointed as RBI Deputy Governor

Poonam Gupta, a prominent economist with global expertise, has been appointed as the new Deputy Governor of the Reserve Bank of India (RBI). Her appointment marks a historic milestone, as she becomes the first woman in over a decade to assume this high-ranking position at India’s central bank. She succeeds Michael Patra, who retired in January 2024. Gupta brings with her nearly two decades of international experience, having worked with the World Bank, International Monet

Business

02 Apr 2025 10:03 AM 1.25k views

Poonam Gupta Becomes First Woman in 10 Years to Be Appointed as RBI Deputy Governor

Poonam Gupta, a prominent economist with global expertise, has been appointed as the new Deputy Governor of the Reserve Bank of India (RBI). Her appointment marks a historic milestone, as she becomes the first woman in over a decade to assume this high-ranking position at India’s central bank. She succeeds Michael Patra, who retired in January 2024. Gupta brings with her nearly two decades of international experience, having worked with the World Bank, International Monet

Business

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#indiaeconomy

GST Reforms 2025: Tobacco, Luxury Cars, Soft Drinks To Get Costlier Under 40% Slab

GST Reforms 2025: Tobacco, Luxury Cars, Soft Drinks To Get Costlier Under 40% Slab

GST Council Approves New Measures to Ease Compliance and Rationalize Tax Slabs

GST Council Approves New Measures to Ease Compliance and Rationalize Tax Slabs

US-India Trade Deal Urgency Grows as Tariff Deadline and Global Stakes Rise

US-India Trade Deal Urgency Grows as Tariff Deadline and Global Stakes Rise

GST Rates on Cigarettes, Carbonated Drinks, and Luxury Cars Likely to Rise

GST Rates on Cigarettes, Carbonated Drinks, and Luxury Cars Likely to Rise

India Becomes World’s 4th Largest Economy

India Becomes World’s 4th Largest Economy

Poonam Gupta Becomes First Woman in 10 Years to Be Appointed as RBI Deputy Governor

Poonam Gupta Becomes First Woman in 10 Years to Be Appointed as RBI Deputy Governor

Installing a Smart Home Lighting System

Central Government Likely to Announce 2% DA and DR Hike for Employees and Pensioners

Local restaurants offer special discounts during Columbus independents weeks

India-China Ties Improve After 2020 Ladakh Clash, Says Jaishankar

Central Government Takes Steps to Halt Disinvestment of Visakhapatnam Steel Plant Amid Protests

Vijay’s Solo Political Debut: Can His Star Power Rewrite Tamil Nadu’s Electoral Story?

Tungabhadra gates inaugurated in Hosapete by three CMs

Peter Mandelson to quit house of lords amid Epstein file revelations

Pleasanton Launches FlashVote Survey Tool for Residents

PM Narendra Modi in Canada for G7 Summit Amid Global Tensions

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Installing a Smart Home Lighting System

Central Government Likely to Announce 2% DA and DR Hike for Employees and Pensioners

Local restaurants offer special discounts during Columbus independents weeks

India-China Ties Improve After 2020 Ladakh Clash, Says Jaishankar

Central Government Takes Steps to Halt Disinvestment of Visakhapatnam Steel Plant Amid Protests

Vijay’s Solo Political Debut: Can His Star Power Rewrite Tamil Nadu’s Electoral Story?

Tungabhadra gates inaugurated in Hosapete by three CMs

Peter Mandelson to quit house of lords amid Epstein file revelations

Pleasanton Launches FlashVote Survey Tool for Residents

PM Narendra Modi in Canada for G7 Summit Amid Global Tensions

#indiaeconomy

GST Reforms 2025: Tobacco, Luxury Cars, Soft Drinks To Get Costlier Under 40% Slab

GST Reforms 2025: Tobacco, Luxury Cars, Soft Drinks To Get Costlier Under 40% Slab

GST Council Approves New Measures to Ease Compliance and Rationalize Tax Slabs

GST Council Approves New Measures to Ease Compliance and Rationalize Tax Slabs

US-India Trade Deal Urgency Grows as Tariff Deadline and Global Stakes Rise

US-India Trade Deal Urgency Grows as Tariff Deadline and Global Stakes Rise

GST Rates on Cigarettes, Carbonated Drinks, and Luxury Cars Likely to Rise

GST Rates on Cigarettes, Carbonated Drinks, and Luxury Cars Likely to Rise

India Becomes World’s 4th Largest Economy

India Becomes World’s 4th Largest Economy

Poonam Gupta Becomes First Woman in 10 Years to Be Appointed as RBI Deputy Governor

Poonam Gupta Becomes First Woman in 10 Years to Be Appointed as RBI Deputy Governor

Installing a Smart Home Lighting System

Central Government Likely to Announce 2% DA and DR Hike for Employees and Pensioners

Local restaurants offer special discounts during Columbus independents weeks

India-China Ties Improve After 2020 Ladakh Clash, Says Jaishankar

Central Government Takes Steps to Halt Disinvestment of Visakhapatnam Steel Plant Amid Protests

Vijay’s Solo Political Debut: Can His Star Power Rewrite Tamil Nadu’s Electoral Story?

Tungabhadra gates inaugurated in Hosapete by three CMs

Peter Mandelson to quit house of lords amid Epstein file revelations

Pleasanton Launches FlashVote Survey Tool for Residents

PM Narendra Modi in Canada for G7 Summit Amid Global Tensions

Popular Cities