GST Reset Likely to Boost Demand Outlook

By BPN News Desk October 28, 2025

Business Finance

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.

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%. […]

Op-Eds Opinion

Mr Minister, India Has Zoho and Mappls – Despite the Government, Not Because of It

By BPN News Desk October 13, 2025

Dear Ashwini Vaishnaw Ji, Minister of Electronics and IT, you are often spoken of as a decent man, someone who sincerely wants India to shine in the digital age. But truth must be told. Your ministry, along with the Prime Minister’s Office, loves to hold up Zoho and Mappls as shining jewels of Aatmanirbhar Bharat. […]

Business Finance

GST Collections Rise 9.1% in September

By BPN News Desk October 2, 2025

India’s Goods and Services Tax (GST) collections for September 2025 stood at ₹1.89 lakh crore, reflecting a 9.1% year-on-year growth compared to the same month last year. This is the ninth straight month when GST revenues have remained above ₹1.8 lakh crore. Drivers of Growth The growth was supported by robust domestic demand, steady imports […]

South India State News

MK Stalin Claims States Bear Half the GST Relief

By BPN News Desk September 24, 2025

Tamil Nadu Chief Minister M. K. Stalin has accused the central government of delaying promised Goods and Services Tax (GST) rate cuts and said that states are bearing 50% of the relief intended for taxpayers. On “Rs 2.5 Lakh Crore” Savings Claim Stalin questioned Prime Minister Narendra Modi’s announcement that Indians will save ₹2.5 lakh […]

Health

GST Exemption Frustration for Insurers, Policyholders

By BPN News Desk September 24, 2025

From September 22, 2025, individual life and health insurance premiums in India are exempt from the 18% Goods and Services Tax (GST). This move was announced by the GST Council to reduce the cost burden on policyholders. No Input Tax Credit for Insurers Because these insurance premiums are now exempt, insurers can no longer claim […]

Business Finance

Karnataka Says States to Lose ₹1.5 Lakh Crore from GST 2.0

By BPN News Desk September 23, 2025

Karnataka Revenue Minister Krishna Byre Gowda has warned that the new GST 2.0 structure could cost states between ₹1 lakh crore and ₹1.5 lakh crore in lost revenue. Speaking to NDTV, he said the changes would unfairly burden state governments. Centre vs States: Who Bears the Burden? According to Gowda, the Centre is projected to […]

National

PM Modi Starts “GST Bachat Utsav” with Navratri

By BPN News Desk September 22, 2025

Prime Minister Narendra Modi greeted the nation on the first day of Navratri, highlighting the festival’s values of courage, devotion, patience, and determination. He linked the occasion with the rollout of the “Next-Generation GST” reforms, which take effect on 22 September 2025. Modi described the reforms as the beginning of a “GST Bachat Utsav” (Savings […]