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Lok Sabha Passes Manipur GST Reform Bill Why in the News ? The Lok Sabha has passed the Manipur Goods and Services Tax (Second Amendment) Bill, 2025, replacing an existing Ordinance. The session saw repeated disruptions as the Opposition demanded a debate on the ongoing Special Intensive Revision (SIR) of electoral rolls across several States. …
Read MoreGST 2.0 Reforms Simplify Taxation Syllabus GS 3: Fiscal Policy Why in the News? Recently, the 56th GST Council meeting on September 3, 2025, approved landmark GST 2.0 reforms, simplifying tax slabs, reducing compliance burden, easing classification norms, and promising benefits for consumers, MSMEs, and the economy. This significant GST news has caught the attention …
Read MoreGST 2.0: Towards a Simpler, Stronger and Inclusive Tax Regime Syllabus: GS 3 ● GST Reform ● Taxation reforms, Fiscal policy Why in the News? The GST 2.0 reform marks India’s most significant indirect tax reform since GST’s launch in 2017. Prioritising simplification over short-term revenue gains, it collapses tax slabs, introduces a clear sin …
Read MoreGST 2.0 AND YOUTHFUL INDIA’S ECONOMIC FUTURE Syllabus: GS-3: ● Indian economy ● Taxation and reforms Why in the News? India has unveiled GST 2.0, a significant reform aimed at simplifying tax rates, easing burdens on essentials, and exempting critical services such as insurance. This step seeks to strengthen household purchasing power, boost consumption, empower …
Read MoreGST 2.0 IS A LANDMARK IN INDIA’S TAX JOURNEY Why in the news? The simplification of multiple GST slabs marks a people-centric reform. The 56th GST Council meeting (September 3, 2025) stands out as a defining milestone in India’s tax history. The reforms extend beyond mere tax rates and structures. They reflect a decisive move …
Read MoreTwo-Rate GST Structure to Begin from September 22 Why in the News ? The GST Council, in its 56th meeting, approved a two-rate GST structure of 5% and 18%, along with a special 40% slab for sin and luxury goods. This significant policy reform, effective from September 22, 2025, aims to simplify taxation and reduce …
Read MoreGST 2.0: Reforming India’s Tax Regime for Competitiveness Syllabus: GS Paper – 3 Growth & DevelopmentConstitutional Bodies Why in the News ? On India’s 79th Independence Day, Prime Minister Narendra Modi announced GST 2.0, a next-generation reform focused on rate rationalization, simplification, compliance ease, and transparency. This aims to strengthen economic growth, reduce distortions, support …
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