GST Meeting Today Live Updates: Weeks after the GST 2.0 implementation, Finance Minister Nirmala Sitharaman, along with Commerce & Industry Minister Piyush Goyal and Information & Broadcasting Minister Ashwini Vaishnaw, addressed a joint press conference today, Saturday, on the auspicious occasion of Dhanteras. The focus was on how GST reforms are influencing festive season sales and consumer sentiment.
The briefing came as India’s festive demand shows strong momentum across key consumer sectors, including automobiles, electronics, and fast-moving consumer goods (FMCG), driven by the implementation of GST 2.0, the government’s revamped goods and services tax framework that came into effect on September 22, 2025.
Branded as the Next-Generation GST or ‘GST Bachat Utsav’, the new structure seeks to simplify compliance and boost household consumption. Finance Minister Sitharaman has said that the reform will inject Rs 2 lakh crore into the economy by increasing consumers’ disposable income.
The GST Council on September 3 approved India’s major indirect tax overhaul, dubbed GST 2.0, which came into effect on September 22. The new regime brings a simplified two-rate structure, lower levies on a wide range of products, and measures to ease compliance. Everyday essentials such as soaps, hair oil, and shampoos, along with items like two-wheelers and cars, have become cheaper.