Why This GST Council Meet Is Particularly Important | BIG Tax Cuts On Cards | Explained In 4 Mins

The GST council has started their meeting to chart to chart the biggest overhaul of the indirect tax regime since its debut seven years ago. All eyes are on this meeting, especially after the PM promised tax relief during his independence day speech.

So, what are the proposals on the council's table that they're going to decide on?

WATCH: https://www.youtube.com/watch?v=Cjox6h4RBm0

Taxes on a host of products from toothpaste and shampoo to dish washers, television sets and small cars are set to come down, with the Goods and Services Tax (GST) Council on Wednesday approving a massive restructure of the indirect tax system meant to stimulate consumption demand and boost economic growth, state finance ministers said.

Read : https://tinyurl.com/59ynfbk4

Here are 10 things to know about the 56th GST Council meet chaired by FM Nirmala Sitharaman:

https://www.livemint.com/economy/gst-reforms-nirmala-sitharaman-two-tier-gst-rate-new-rates-sep-22-clothes-footwear-food-items-to-get-cheaper-10-points-11756914447930.html

GST Reform: Nirmala Sitharaman announces reduced GST rates for THESE items - Check full list here

Many items have been brought under the nil GST regime, while a wide range of goods have been moved to the 5 per cent or 18 per cent slabs from higher slabs.

https://www.livemint.com/economy/gst-reform-nirmala-sitharaman-announces-reduced-gst-rates-for-these-items-zero-gst-check-full-list-here-11756918001110.html

The BJP-led National Democratic Alliance (NDA) called a five-hour Bihar bandh today, over alleged abuses hurled at Prime Minister Narendra Modi and his late mother during a joint rally of the Opposition in Darbhanga, Bihar.

https://www.livemint.com/news/india/bihar-bandh-today-nda-to-hold-5-hour-protest-over-abuses-against-pm-modi-whats-open-whats-closed-11756945241365.html

Former Finance Minister P Chidambaram critiques the Modi government's recent GST reforms, labelling them as overdue after eight years of ineffective policies.

https://www.livemint.com/politics/news/p-chidambaram-questions-timings-of-gst-reforms-by-modi-govt-welcome-but-8-years-too-late-nirmala-sitharaman-11756947374109.html

#MintMarkets | The Government of India (GoI) announced the rationalisation of indirect taxes in India after the GST Council meeting on Wednesday.

What does the GST Council meeting outcome mean for the Indian stock market? EXPLAINED 👇
https://www.livemint.com/market/stock-market-news/stock-market-today-what-does-the-gst-council-meeting-outcome-mean-for-the-indian-stock-market-explained-11756948368631.html

Nirmala Sitharaman on Wednesday announced a major policy shift: individual life and health insurance policies will now be fully exempt from GST.

When will changes in GST rates take effect? What's the GST on medicines? | Top FAQs answered 👇
https://www.livemint.com/economy/new-gst-rates-when-will-changes-in-gst-rates-take-effect-nirmala-sitharaman-economy-medicines-whats-cheaper-faqs-11756948705518.html

#MintMarkets | Here’s what to expect from Sensex, Nifty 50, and Bank Nifty today 📈📉

https://www.livemint.com/market/stock-market-news/nifty-50-sensex-today-what-to-expect-from-indian-stock-market-in-trade-on-september-4-amid-new-gst-rates-announcement-11756915759835.html

Finance Minister Nirmala Sitharaman on Wednesday announced several measures for GST reforms, rationalising the rates. Many items have been brought under the nil GST regime, while a wide range of goods have been moved to the 5 per cent or 18 per cent slabs from higher slabs.

Check full list here 👇
https://www.livemint.com/economy/gst-reform-nirmala-sitharaman-announces-reduced-gst-rates-for-these-items-zero-gst-check-full-list-here-11756918001110.html

GST Reforms: From butter, namkeen, toothpaste to cement, luxury cars, ACs — Here's what becomes cheaper and dearer

https://www.livemint.com/economy/gst-reforms-from-butter-namkeen-toothpaste-to-cement-luxury-cars-acs-heres-what-becomes-cheaper-and-dearer-11756948331237.html

#MintMarkets | Here’s a quick look at stocks likely to be in focus in today's trade 📈

https://www.livemint.com/market/stock-market-news/stocks-to-watch-jio-financial-services-swiggy-bhel-railtel-among-shares-in-focus-today-11756952246091.html

GST Council clears major tax reform: a simpler structure & a new 40% slab for luxury & sin goods. 💵

THESE products will attract 40% rates - check full list 👇
https://www.livemint.com/news/india/gst-reforms-these-products-will-attract-40-rates-check-full-list-11756919967157.html

#MintMarkets | 📈 Markets open strong! Sensex jumps 888.96 points to 81,456.67, while Nifty rises 265.70 points to 24,980.75.

https://www.livemint.com/market

#MintMarkets | The Indian stock market benchmarks, Sensex and Nifty 50, rose over a percent each on September 4, following the GST Council's announcement of a significant Diwali benefit for consumers.

Can GST reforms drive Nifty 50, Sensex to a new peak by Diwali 2025? 👇
https://www.livemint.com/market/stock-market-news/can-gst-reforms-drive-nifty-50-sensex-to-a-new-peak-by-diwali-2025-11756959038711.html

🚨 GST 2.0 is here!
India’s GST Council, led by FM Nirmala Sitharaman, has rolled out a simplified 2-tier tax structure (5% & 18%) effective Sept 22. Rates drop on 175 essentials, while a 40% slab targets luxury & sin goods . PM Modi calls it a Diwali gift for citizens, farmers & MSMEs.

Watch!
https://www.youtube.com/watch?v=q7jwLM0LKYQ

Russian President Vladimir Putin took a ride together with PM Modi in his Russian-made Aurus car on the sidelines of the Shanghai Cooperation Organisation (SCO) summit in Tianjin, China.

https://www.livemint.com/news/trumpputin-alaska-talks-no-secret-russian-president-reveals-what-he-told-pm-modi-during-their-car-ride-in-china-11756974660975.html

#MintMarkets | Stock market today: 50 stocks hit 52-week lows, 141 stocks at 52-week high as Nifty 50, Sensex end in green👇

https://www.livemint.com/market/stock-market-news/stock-market-today-50-stocks-hit-52-week-lows-141-stocks-at-52-week-high-as-nifty-50-sensex-end-in-green-11756980473238.html

The 56th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman approved significant rate cuts for items across sectors.

These 60 items will now cost NIL GST after reform. Here's why👇
https://www.livemint.com/economy/gst-reforms-nirmala-sitharaman-new-gst-rates-60-items-nil-gst-full-list-heres-why-11756978533671.html

New GST rates: Retailers Association of India highlights 4 key concerns that you must know👇

https://www.livemint.com/market/stock-market-news/new-gst-rates-retailers-association-of-india-highlights-4-key-concerns-that-you-must-know-11756973896247.html