TODAY’S TEN: GST 2.0 slashes daily costs, tightens on sin goods
By Pragadish Kirubakaran, Pradeep Damodaran and Neeraja Gopalakrishnan in Media News on Thursday, 04th September 2025 at 3:03pm
Image source: Binary Semantics, Daily Nawai Duggar and ET Now; Edited by Dinesh Raj M
When the GST Council wrapped up its marathon 56th meeting in New Delhi, Union Finance Minister Nirmala Sitharaman stepped out with what she called a reform “for the common man.” From September 22, India’s complex four-slab system will shrink to just two main rates — 5 per cent and 18 per cent — with a special 40 per cent bracket reserved for luxury and sin goods like tobacco, yachts and personal aircraft.
It’s the most sweeping overhaul since GST’s debut in 2017, one aimed at easing household budgets, reviving demand and simplifying compliance. But it’s also a gamble that could cost the exchequer Rs 48,000 crore in lost revenue, unless growth steps in to fill the gap.
Hot off...
To continue reading this article...
More Influencing|Tech
Meritorious children of journalists to be honoured at KUWJ state-level award ceremony on May 31
By Staff Writer in Media News on Thursday, 14th May 2026 at 5:57pm
IN PR: SBCo picks up Pillar, Red gets Smartsheet, Promotions galore
By Staff writers in Media News on Thursday, 14th May 2026 at 5:11pm
BIG FM wins ‘Radio Network of the Year’ at ACEF Global Awards 2026
By Staff Writer in Media News on Thursday, 14th May 2026 at 5:09pm
Sports Dunk named official PR partner for Delhi Padel Circuit 2026
By Staff Writer in Media News on Thursday, 14th May 2026 at 4:57pm
Today's Ten: NTA "Zero Error" failure, Delhi's almost-vacant fire department, IMD's block level monsoon forecast and more...
By Staff Writer in Media News on Thursday, 14th May 2026 at 2:47pm
Two Tripura journalists attacked in separate incidents
By Suganthi Marimuthu in Media News on Thursday, 14th May 2026 at 2:23pm
Media news latest
Marcoms news latest