The Government informed Parliament that ₹88.74 crore was spent on advertising the GST Bachat Utsav campaign. The initiative aimed to spread awareness about GST rate reductions and ensure benefits reach consumers.
The Government introduced reforms to simplify tax dispute resolution, including broader immunity provisions and expanded scope for updated returns. These measures aim to reduce litigation and encourage voluntary compliance.
The GST Council reduced the tax rate on hotel accommodation up to ₹7,500 per day from 12% with ITC to 5% without ITC. The move aims to simplify taxation and reduce service costs for consumers.
The exchange sought voluntary exit under the SEBI Exit Policy after failing to meet clearing corporation and net worth requirements. SEBI is currently examining the proposal before issuing a final order.
The Government clarified that GST on food products, including ultra-processed foods, is determined according to HSN classification. There is currently no special GST category for unhealthy foods.
The Government clarified that banks can levy charges for non-maintenance of minimum balance as per RBI guidelines. Such fees must remain reasonable, transparent, and aligned with service costs.
The GST Council reduced the tax rate on adult and clinical diapers from 12% to 5%. The Government clarified that a complete GST exemption has not been recommended.
The GST Council reduced tax on hotel accommodation up to ₹7,500 per day from 12% with ITC to 5% without ITC. The move aims to simplify taxation and reduce consumer costs.
The exemption for disability pension has been preserved under the Income-tax Act, 2025 to maintain the relief previously available under earlier tax laws.
The government informed Parliament about measures taken with RBI and other agencies to identify and block illegal loan apps operating through unauthorized platforms.
