Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsGst

    Gst

    Implemented on 1st July 2017, GST i.e. Goods and Service Tax is a multi-stage tax system that aims to comprehensively replace and consolidate all indirect taxation systems in India, like VAT (Value Added Tax) and more. The seeds of its conception were sown in 2000, by Atal Bihari Vajpayee, the then Prime Minister of India. Earlier, there used to be different tax regimes, varying state-wise. Under the current system, there are 4 categories of GST, namely Central GST, which is levied on intra-state supply of products and services, State GST, which is charged on intra-state sale of the same, Integrated GST, which is calculated on inter-state transactions and UTGST, which is levied on supply of goods and services within an UT. Under the GST system, each taxpayer is allocated a 15-digit distinctive code, namely GSTIN, which is provided based on the state you live in and your PAN card number. As per rules, any business with an annual turnover of Rs 20 lakhs or more should be registered under this system. The taxation rates are determined by the GST council in predetermined slabs, namely 5%, 12%, 18%, and 28%. Some products are also exempted from this list. More

    Jump to

    • 2025 ends on a mixed note: Consumption holds firm, manufacturing momentum softens

      December marked the fastest pace of GST growth in three months, following the GST rate rationalisation implemented in September

    • GST cut sparks comeback of entry-level cars and bikes

      The trend challenges the widely held belief that the GST reduction—from 28% to 18% —would only accelerate premiumisation in the Indian auto market

    • GST collections pick up pace in December rise to Rs 1.74 lakh crore

      Gross GST rises 6.1% year-on-year to Rs 1.74 lakh crore, marking fastest growth in three months

    • Cigarettes, pan masala to get costlier from February 1 as govt notifies new excise duty: 5 key points

      Under the new structure, cigarettes will face excise duty in addition to GST.

    • Insurance buyers upped protection quotient across health, life, motor segments in 2025: Report

      Health insurance emerged as one of the biggest beneficiaries of policy reform, particularly after the removal of GST on premiums. 

    • As toxic smog chokes NCR, GST Council may cut tax on air, water purifiers to 5%: Report

      The Council last met in September during its 56th session, where tax rates on purifiers were left unchanged

    • Centre opposes PIL in Delhi High Court seeking lower GST on air purifiers: 'Will open pandora's box'

      The petition, filed by advocate Kapil Madan, seeks directions to classify air purifiers as medical devices and reduce GST from 18 per cent to 5 per cent in view of worsening air quality in Delhi and neighbouring regions.

    • Mercedes-Benz, BMW to hike prices from January 1, first since GST cut

      The increase, which will be the first since the reduction in the goods and services tax (GST) on September 22, 2025

    • Auto industry faces new-year dilemma as cost pressures rise but anti-profiteering checks intensify

      The rupee’s weakness has also inflated landed costs for automakers dependent on imported electronics, sensors, EV components, and precision metals.

    • Axis Max Life sees 60% jump in protection sales post GST exemption, pivots away from ULIPs

      ULIPs, traditionally the company’s anchor category, now account for 37 percent of the retail portfolio as of Q2 FY26, down from 42 percent in Q4 FY25.

    • Textiles, two-wheelers see consumption dip after GST 2.0 reforms

      Gross domestic GST revenue sees negative growth of 2.3%, gross import revenue rises over 10%

    • GST collections slow to a 12-month low of Rs 1.7 lakh crore in November

      The growth rate in GST revenue at 0.7 percent was the slowest since the pandemic, provisional data showed

    • GST complaints ‘nearly negligible’; faster case redressal recovers Rs 14 crore, says Consumer Affairs Secy Khare

      In an exclusive interview with Moneycontrol, Khare detailed the government’s push to curb manipulative online practices, strengthen enforcement bodies and speed up consumer complaint resolution.

    • Centre, states gear up to tackle inverted GST duties across sectors: Report

      The move follows the GST rate cuts announced in September and is aimed at resolving a persistent distortion in the tax system

    • GST cut on solar modules offers limited relief as developers flag input credit challenges

      Power regulator CERC issued a suo motu order on November 4 directing all renewable energy developers (solar, wind, etc.) to pass on the benefit of the reduced tax rate to the discoms and, ultimately, to end consumers through a corresponding reduction in the electricity tariff.

    • November GST collections expected to hit Rs 2 trillion as demand stays firm: Report

      November collections, which reflect October sales, will show the first full-month impact of the rate cuts and will be released on 1 December

    • OPINION | Q2 GDP likely to get a boost from GST rate cut

      The GDP will be lower than Q1 but better than initial projections on account of the volume boost triggered by a reduction in the tax slab of many products. The deflator is expected to be low this quarter too

    • Despite GST 2.0 cuts, many policyholders say they face higher insurance premiums; 43% report no benefit

      While large players such as LIC have publicly stated that they can absorb the impact, the broader industry remains wary of margin pressure, evolving cost structures, and potential product-level recalibration

    • Centre nudges states to monetise power transmission assets

      Centre pushes states to monetise transmission assets through a proposed tax-efficient model as India readies for a massive grid expansion requiring Rs 9.1 lakh crore by 2032.

    • GST officers bust syndicate availing Rs 645 crore in fake input tax credit, one arrested

      Directorate General of GST Intelligence (DGGI), Delhi Zonal Unit, conducted coordinated search operations at multiple premises across Delhi

    • India will continue to see more inbound and domestic interest: Pramod Kumar, CEO Barclays Bank PLC, India

      Kumar says he is clear that while investment banking may be core to what Barclays does in the country, corporate banking is getting built as a pillar of strength for the bank

    • October CPI hits rock-bottom 0.25%: GST cuts shine, but food deflation rings alarm

      October’s CPI just hit 0.25%—the lowest since the 2011-12 series began. A triumph of policy? A statistical mirage? A rate cut in December? Or a warning bell for rural India?

    • Online prices show 7-10% correction after GST rate cuts: QuantEco Report

      These movements as part of an ongoing price discovery process in the post-GST environment.

    • Centre open to further cutting duties on essential drugs, says Piyush Goyal

      The minister suggested that hospitals could allow up to 10 percent of foreign patients and channel part of the revenue towards Ayushman Bharat or CSR initiatives for underprivileged communities

    • Union Budget may announce new central cess or NCCD on tobacco, pan masala

      Since this is not a GST levy, the Council’s approval will not be necessary. The new central levy will have to be approved by Parliament.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347