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GST on Garments Above ₹2,500 Hiked to 18%, Industry Warns of Price Surge and Middle-Class Impact

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Thu, 4 Sep 2025Thu, 4 Sep 2025BUSINESS, INDIA

GST on Garments Above ₹2,500 Hiked to 18%, Industry Warns of Price Surge and Middle-Class Impact

New Delhi: The GST rate on garments priced above Rs 2,500 per piece has been increased from 12% to 18%, a move that industry bodies warn will raise prices and affect middle-class affordability. The Retailers Association of India (RAI) and the Clothing Manufacturers Association of India (CMAI) welcomed the new two-slab GST structure and the...

GST Council Raises Tax on Oil and Gas Exploration Services to 18%, Increasing Production Costs

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Thu, 4 Sep 2025Thu, 4 Sep 2025BUSINESS, INDIA

GST Council Raises Tax on Oil and Gas Exploration Services to 18%, Increasing Production Costs

by Inside Media Network

New Delhi: The GST Council has approved an increase in the tax on oil and gas exploration and production services from 12% to 18%, a move set to raise production costs across the sector. The new tax rates will come into effect from September 22, 2025. According to an official statement, services related to the...

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