Government Opposes Reducing GST on Air Purifiers

By BPN News Desk December 27, 2025

Business Finance

The Union government has opposed a petition in the Delhi High Court seeking to reduce the Goods and Services Tax (GST) on air purifiers from the current 18 per cent to 5 per cent to make the devices more affordable amid severe air pollution in the capital region. The government told a vacation

Business Finance

Budget May Ease GST Burden for Small Businesses

By BPN News Desk December 22, 2025

The Union government is considering measures to reduce the Goods and Services Tax compliance burden for micro and small enterprises, with possible changes expected to be announced in the upcoming Union Budget. The move is aimed at providing relief to smaller businesses that have repeatedly raised concerns over the cost and complexity of GST compliance. […]

Breaking Down The News Opinion

Breaking Down The News: How GST Reforms Cut Household Tax Burden to 4–6%

By BPN News Desk December 2, 2025

Summary India’s latest GST reforms (GST 2.0) simplify tax slabs and lower the overall tax burden on families. A typical family of four now pays an estimated ₹745 less per month in GST. The average effective GST rate falls from ~6.2% to ~4.8%, a 22.5% reduction in tax burden. Essentials such as food, medicines, and […]

Expert Opinions Opinion

Nine Years Later: How Demonetization Reshaped India’s Economy and Outflanked Pakistan’s Fake Currency Networks

By BPN News Desk November 9, 2025

On the evening of November 8, 2016, India came to a standstill. Millions lined up outside banks, clutching stacks of suddenly worthless notes. The government’s announcement to invalidate ₹500 and ₹1,000 notes overnight was met with confusion, panic, and fierce debate. Economists called it reckless. Politicians called it a stunt. But few understood that demonetization […]

Automobile

October vehicle retail sales in India hit all-time high

By Editor - News Desk November 8, 2025

In October 2025, India’s vehicle retail market reached a record-breaking level, with total registrations rising by about 40.5 percent year-on-year to nearly 4.02 million units. The Federation of Automobile Dealers Associations (FADA) reported that the surge was led by robust demand across two-wheelers and passenger vehicles, making it the strongest October performance in

Business Finance

GST Collections Reach ₹1.96 Lakh Crore in October

By BPN News Desk November 2, 2025

India’s gross Goods and Services Tax (GST) collections for October 2025 reached approximately ₹1.96 lakh crore, marking a 4.6 percent year-on-year increase. The growth was notably subdued, reflecting the combined effect of recent tax-rate cuts and robust festive-season demand. Factors Influencing the Collections According to government disclosures, the improved collection

Business Finance

GST Reset Likely to Boost Demand Outlook

By BPN News Desk October 28, 2025

The Ministry of Finance has said that recent rationalisation of the Goods and Services Tax (GST) rates is expected to support domestic demand by reducing tax burdens for consumers and businesses. However, it cautioned that global uncertainties remain a downside risk to the growth outlook. Impact of GST Changes The ministry’s monthly economic review highlighted […]

Expert Opinions Opinion

Diwali 2025 Was GST-Powered: Did Consumers Actually Save?

By BPN News Desk October 23, 2025

Diwali 2025 turned out to be India’s most lucrative festive season ever. Retail trade across the country touched a record ₹6.05 lakh crore, up 25 percent from last year’s ₹4.25 lakh crore. From bustling jewellery shops to crowded car dealerships, spending was at an all-time high. The timing was no coincidence. Barely a month before […]

Business Finance

GST Cuts Set to Sustain India’s Consumption Boost

By BPN News Desk October 19, 2025

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 automobiles and consumer goods. Monitoring Prices Closely Sitharaman also […]

Finance

Delhi HC Questions Removal of GST Aid

By BPN News Desk October 16, 2025

The Delhi High Court has asked the Centre to explain why it removed a GST concession for the differently-abled on vehicle purchases. The court said taking away a benefit already granted is troubling. What changed Earlier, persons with locomotor disabilities were eligible for a lower GST rate on certain cars compared to the standard 28%. […]