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GST Cuts Set to Sustain India’s Consumption Boost

By BPN News Desk October 19, 2025
Business Finance
Union Finance Minister Nirmala Sitharaman on Saturday said the recent Goods and Services Tax (GST) rate cuts have boosted consumer demand and are likely to sustain momentum in the coming months. She noted that businesses have started passing on tax benefits, reflected in stronger sales of
Business Finance

GST 2.0 Reforms Expected to Boost Consumption

By BPN News Desk September 9, 2025
Sanjay Kumar Agarwal, chairperson of the Central Board of Indirect Taxes and Customs, said that the new GST rate cuts under “GST 2.0” are expected to drive consumer spending. He noted that while the reforms could lead to an estimated ₹48,000 crore revenue loss, this may be balanced out if industries pass on savings to […]

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