GST reforms set stage for sustained consumption, stronger equity market trajectory

IANS | September 4, 2025 2:05 PM

New Delhi, Sep 4 (IANS) The GST Council's decision to abolish the 12 per cent and 28 per cent indirect tax slabs and to have only 5 per cent and 18 per cent slabs is a silent yet deep-impact reform that will boost consumer sentiment and set the stage for the equity market's trajectory, a report said on Thursday.

GST Council puts these sin goods under 40 pc tax slab

IANS | September 4, 2025 11:17 AM

New Delhi, Sep 4 (IANS) The Goods and Services Tax (GST) Council has approved a 40 per cent tax rate for sin and luxury goods, increasing it from the current 28 per cent, effective from September 22, 2025. The GST 2.0 reform reduced taxes primarily to two rates: 5 per cent and 18 per cent.