India’s landmark Goods and Services Tax (GST) reforms came into effect today, September 22, with a major rate restructuring that reduces the number of slabs from four to two. Most goods and services will now be taxed at either 5% or 18%, while a special 40% rate will apply to…
Tag: NirmalaSitharaman
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GST 2.0 to Return ₹2 Lakh Cr to Public: FM
Madurai, Tamil Nadu: Union Finance Minister Nirmala Sitharaman has announced that the upcoming GST 2.0 reforms, set to come into effect from September 22, 2025, will put nearly ₹2 lakh crore directly into the hands of the public, boosting domestic consumption and supporting economic growth. Addressing the 80th anniversary of…