Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
GST Cuts at Risk of Delay as States Wrangle Over Revenue
Mint Hyderabad
|August 30, 2025
Proposals could lead to a substantial revenue loss, said a statement issued by eight states
Prime Minister Narendra Modi's plans for sweeping tax cuts are at risk of facing a delay as states governed by key opposition parties have sought compensation for any revenue loss from the planned changes.
In a rare move, Modi used his Independence Day speech to announce sweeping goods and services tax (GST) cuts on household items and "aspirational" goods, calling it a Diwali gift ahead of the October festival.
Economists see the tax cuts as a way to balance the likely economic impact of punitive US tariffs on India.
The federal government's proposal of a two-rate tax structure of 5% and 18%, with some luxury and sin goods such as cigarettes taxed higher at 40%, has broadly been accepted by states, but they are now wrangling to protect revenues after the tax changes.
This story is from the August 30, 2025 edition of Mint Hyderabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Hyderabad
Mint Hyderabad
The man who stole the scene
The most enduring Hindi film of all, Sholay, is a symphony of vendettas and villains, yet amid the dust and dynamite, there stands Asrani like a misplaced vaudeville act, a character from another time, another genre.
4 mins
October 25, 2025
Mint Hyderabad
Fun and life lessons in the lunch box
To learn to cook is to gain a life skill and get a hands-on lesson in science, history and living well
4 mins
October 25, 2025
Mint Hyderabad
Conglomerates strike a gold mine in real estate assets
business into a separately listed company in July called Raymond Realty, is rapidly developing new projects as well.
2 mins
October 25, 2025
Mint Hyderabad
Dalmia puts Plan B in action as battle for Jaypee assets heats up
Dalmia Bharat Ltd has initiated the process of buying land in Rajasthan’s Jaisalmer for a new plant, even as it pursues the acquisition of Jaiprakash Associates Ltd’s cement assets, according to managing director and chief executive Puneet Dalmia.
1 min
October 25, 2025
Mint Hyderabad
The school that empties its own toilets
Students and teachers at this Tamil Nadu school, which only has dry toilets, spend Gandhi Jayanti turning waste into soil
6 mins
October 25, 2025
Mint Hyderabad
How the British tried to tame India’s diverse and amorphous queer past
In spite of its missteps, there is much to admire in this largely curatorial history of Indian desire and legislation
6 mins
October 25, 2025
Mint Hyderabad
Cheap farm goods spark search for a rescue plan
The Centre is working on a contingency plan to prevent distress sales during the ongoing procurement season, at a time when crop prices have slipped below the minimum support price (MSP) in many states.
1 min
October 25, 2025
Mint Hyderabad
A getaway with your pet
Look beyond a sign that says ‘pets allowed’; a truly pet-friendly stay caters to the comfort of both animal and human
3 mins
October 25, 2025
Mint Hyderabad
The viral hero of doing absolutely nothing
For the recovering people-pleaser, it's time to master the silent art of Sherlocking entitled near and not-so-dear ones.
4 mins
October 25, 2025
Mint Hyderabad
Folk tales and everyday horror
If you have any association with hill towns, you're likely to have grown up with stories that send shivers down the spine.
1 mins
October 25, 2025
Listen
Translate
Change font size