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NDTV Profit GST Conclave Live Updates: NDTV Profit brings to you GST conclave, focused on reforms for a resurgent India, with Union Finance Minister Nirmala Sitharaman as guest of Honour. The conclave comes on the heels of latest Goods and Services Tax (GST) reforms announced last week. Starting September 22, only two rates will remain - 5 per cent and 18 per cent. There is a special rate of 40 per cent which will apply only to pan masala, cigarette, aerated water with added sugar, carbonated beverages, etc.

The conclave will focus on discussions around GST 2.0 - the reform powering a Viksit Bharat with speakers including Union Minister of Commerce and Industry Piyush Goyal, and Chief Economic Advisor V Anantha Nageswaran.

Here are the Live Updates on NDTV Profit GST Conclave:

NDTV Profit GST Conclave: On Prospects Of BJP-AIADMK Tie-Up In Tamil Nadu, Nirmala Sitharaman Says...

Finance Minister Nirmala Sitharaman today said that the NDA alliance in Tamil Nadu is united for one goal: "DMK should not come back to power in 2026".

Watch: Chief Economic Adviser On GST Reforms

"India's GDP Not Dependent On Exports": Piyush Goyal

NDTV Profit GST Conclave: "Not Sitting With Huge Suitcase...": Nirmala Sitharaman On GST Compensation Demands

Responding to complaints from states that they will not be compensated for losses in revenue, if any, from the GST reforms, Nirmala Sitharaman has said the decision was taken by consensus in the GST council.

Watch: N Sitharaman On Impact Of Global Uncertainty On Stock Market

"Will Happily Work Under Whoever Becomes BJP Chief": N Sitharaman

Asked if the BJP will look at  getting a woman BJP chief, Union Finance Minister Nirmala Sitharaman said that the party will happily work under whoever is elected to the post.

"Not Undermining Tariff Impact, Doors Open For Discussions": N Sitharaman

Reiterating that the GST reforms were not triggered by US trade tariffs, Union finance minister Nirmala Sitharaman said the tariffs will hit those who are exposed to the US.

"I am not undermining the impact of a 50% tariff, but it hits exporters who are exposed to the US. The government is doing some kind of work to support them in some form. But the inputs to make in that policy or designing a scheme will also depend on those hit by the 50% tariff telling us to what extent they are exposed," she said.

Ms Sitharaman added that the Centre is keeping doors open and diplomatic teams are engaging with US.

Watch: N Sitharaman On States' Claims Of Revenue Loss Due To GST

"Complete Trust On Industry, Traders": N Sitharaman On GST Relief

Union Finance Minister Nirmala Sitharaman said that she is confident about the GST relief getting passed on to consumers as she has complete trust on the industry and traders. "Across the board, rates have been brought down. The guiding principles were looking at daily consumption items, particularly for middle class and poor, aspirational items for middle class, MSMEs and farmers. With these five filters, I looked at rate rationalisation," she said.

GST Reforms In The Works For 1.5 Years: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman said GST reforms were in the making for 1.5 years.

Watch: Economist Sanjeev Sanyal On Tariffs And china

"Population Control Programs Need To Shut Down": Economist Sanjeev Sanyal

Prime Minister Narendra Modi's Economic Advisory Council (EAC) member and economist Sanjeev Sanyal said that every kind of population control program needs to be shut down.

"We are 30 years into a market-based economy. We are still fighting structures created in the socialist, even Colonial period. The one-child policy was removed in China recently, 30 years past when it was obvious they had to do it. You have to go into our systems to see all kinds of incentives to implement birth control. But if there is a government program that promotes it, then at the very least you should get rid of it," he said.

At NDTV GST Conclave, BJP And Opposition Differ On Compensation, Responsibility

The finance minister of Punjab and Jharkhand and the industries minister of Delhi ensured a spirited start to the NDTV GST Conclave on Tuesday, with their panel discussion on 'Matters of States' witnessing a heated debate on the GST reforms.

States Have Sought Solution For Losses Due To GST: Punjab Finance Minister

Punjab's finance minister Harpal Singh Cheema said most states have sought a solution for revenue losses owing to GST. "Like all other states, we also welcome the new reforms, but we also want to put a spotlight on the loss we faced," he said at the NDTV GST Conclave.

Watch Live: NDTV Profit GST Conclave

Maruti, Tata To Mercedes And Toyota, Cars That Will Get Cheaper With GST 2.0

If you have been thinking about bringing a new vehicle home this festive season, things just got a bit easier on your pocket. The government's GST 2.0 reforms have slashed prices for cars across segments, according to NDTV Profit.

Based on the revised tax structure, the GST on small cars has come down from 28% to 18%, while luxury vehicles will now attract a flat tax of 40%. The cess has been completely done away with.

According to Kotak Institutional Equities, this is expected to bring down on-road vehicle prices by 5% to 8% on average, with passenger vehicles becoming 2% to 9% cheaper.

Food Delivery Apps vs Restaurant's Own Delivery: How GST 2.0 Will Affect Your Bill

GST 2.0: While food delivery platforms are likely to feel the pinch from the GST on delivery charges, quick-service restaurant (QSR) chains are expected to benefit through stronger profitability.

NDTV Profit GST Conclave: Behind-The-Scenes

GST Rates Revised: What Gets Cheaper

From groceries and fertilisers to footwear, textiles, and even renewable energy, a broad basket of goods and services is set to become more affordable. Items earlier taxed at 12 per cent and 28 per cent will now largely migrate to the other two slabs, making a wide range of products cheaper.

Union Finance Minister Nirmala Sitharaman said many items used by the middle class have been brought under 18 per cent. These include televisions, air-conditioners, and bikes under 350 cc.

NDTV Profit GST Conclave: The Stage Is Set

The stage is all set for the NDTV Profit GST Conclave.

Tune in at 3 pm for expert panels and insightful discussions on GST 2.0, only on NDTV network.

NDTV Profit GST Conclave | GST 2.0: Matters Of States

NDTV Profit GST Conclave: What Does GST 2.0 Mean For India?

Catch Finance Minister Nirmala Sitharaman decode GST 2.0 and its role in building Viksit Bharat. Watch Live today, 3 pm onwards, only on NDTV Network.

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