Stellantis India CEO expects car sales to surge during the festive season, boosted by GST 2.0 rate cuts making small cars cheaper. Citroen launches Basalt X Range with premium features at Rs 7.95 lakh.
CBIC warns against a fake GST message on transition benefits circulating on social media. The Board clarified the claims are misleading, urging reliance on official notifications only.
ICAI has postponed the CA examinations scheduled on 9th & 10th September 2025 in Kathmandu due to widespread protests in Nepal. Revised exam dates will be announced soon.
Finance Minister Nirmala Sitharaman confirmed petrol, diesel, and alcohol will remain outside GST for now, citing state revenue concerns, even as 99% of goods fall under simplified GST slabs of 0%, 5%, and 18%.
Finance Minister Nirmala Sitharaman explains the rationale behind GST reforms, citing the "popcorn example" to highlight classification disputes.
Finance Minister Nirmala Sitharaman has assured that GST 2.0 will not derail India’s fiscal roadmap or ₹11.21 lakh crore capex plan for FY26. She said reforms will spur consumption while keeping fiscal deficit targets intact.
Government to impose an additional levy on tobacco and cigarettes to maintain current tax incidence under GST 2.0; ultra-luxury cars to face only 40% tax.
GST 2.0 simplifies tax slabs to 5% and 18% to spur demand, but online food delivery via Zomato, Swiggy may cost Rs 2-2.6 more per order as delivery fees attract 18% GST.
FM Nirmala Sitharaman says 99% of goods now fall under 0%, 5% or 18% GST slabs, with only 1% taxed as sin goods at 40%. New rates effective from Sept 22, 2025.
CEA V Anantha Nageswaran says GST reforms will boost consumption and it’s premature to assume states will lose revenue. New GST slabs of 5%, 18% and 40% aim to simplify India’s tax regime
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