AC CLASS TRAIN TICKETS GST
GST 2.0: CBIC clarifies social media claims about transition benefits under revised GST rules are false
The CBIC has refuted a viral social media message claiming new GST transition benefits would be applicable from September 22, 2025, deeming it factually incorrect and misleading. The GST council approved 'next-gen' reforms on September 3, 2025, including a shift to a two-slab tax structure.
India Inc revenue to grow 7% this fiscal on GST restructuring, but profit margins may remain flat: Crisil
Crisil Intelligence expects India Inc’s revenue to grow 6–7% this fiscal, driven by GST rate cuts boosting consumption, especially in FMCG, durables, and automobiles. However, the anti-profiteering rule may limit margin gains.
Amber Enterprises, Trent among key winners of GST-driven demand upswing
India's retail sector anticipates a consumption boost. The GST Council's tax slab rationalization aims to reduce prices on many goods. Apparel, footwear, and consumer electronics will likely see price drops. Organized retail may gain against unorganized players. Amber Enterprises and Trent are expected to benefit. Challenges like inverted duty structures remain. This policy shift signals a push toward consumption-driven growth.
GST Bonanza: Consumer chiefs vow to start slashing your bills...
Leading consumer goods companies, including HUL, Britannia, and Amul, are swiftly reducing prices and increasing grammage to pass on the benefits of recent GST rate cuts to consumers. This move is expected to boost demand, drive volume growth, and deepen market penetration, particularly for daily essentials and segments like air conditioners and televisions.
Higher IPL ticket prices may squeeze franchise revenues
The GST Council's decision to increase tax on IPL match admissions to 40% from 28% is anticipated to negatively impact franchise revenues, especially for teams in smaller cities. Punjab Kings CEO Satish Menon highlighted the potential severity for franchises outside major metropolitan areas, where price sensitivity is higher.
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No tax for BCCI, but 40% GST for IPL fans: Harsh Goenka slams govt's latest tax move
Harsh Goenka criticizes the new GST structure. It raises taxes on IPL tickets to 40 percent. This contrasts with the tax exemptions for the Board of Control for Cricket in India. Fans will pay more to watch IPL matches in stadiums. Moviegoers, however, will benefit from tax relief. The move sparks debate about fairness and priorities.
How GST cuts will change what you pay from Sept 22
With GST rates slashed on numerous goods and services, companies are gearing up to revise prices and extend the benefits to consumers by September 22. This involves manufacturers, wholesalers, and retailers coordinating to adjust for products already in distribution with older tax rates. While some sectors anticipate increased demand, others face challenges like managing unsold stock and potential losses.
GST 2.0 & the great Indian price puzzle: Middle class cheer or boardroom bonus?
India is on the verge of GST 2.0, aiming to simplify the tax structure and boost demand. Essential goods may see reduced rates, benefiting consumers, while companies could strategically reprice products. The reform balances revenue concerns with the potential for increased consumption, impacting both household budgets and corporate strategies.
Travel industry packs its bags for a festive takeoff
The GST cuts on hotel tariffs and dining are expected to boost the travel and hospitality industry during the festive season, following a weak first quarter impacted by various incidents. With reduced prices, companies like Treebo anticipate increased bookings, aligning with the peak travel period of Navaratri and Diwali.
Film business sees little relief; Some spot an upside
The reduction of GST on film tickets priced up to ₹100 to 5% offers limited relief to audiences and the exhibition industry, struggling with low footfall and competition. While the Multiplex Association of India had requested a 5% tax slab for tickets up to ₹300, the new GST regime doesn't address this.
Economy flyers may think twice before upgrading
Airlines in India are experiencing a surge in premium cabin demand, but a recent government tax hike on business and premium economy seats threatens this growth. While business class may remain unaffected, premium economy could suffer as price-sensitive economy passengers reconsider upgrades. The tax increase adds to ticket costs, potentially hindering India's competitiveness as an aviation hub.
The makeover announced by GST Council is welcome, but a cup half-full with red tape still fluttering
The GST Council's recent meeting delivered on the promise of GST reduction and rationalization ahead of Diwali, reaffirming commitment to the unified tax reform. While rates on some goods were reduced and classifications simplified, the council fell short of fully eliminating red tape and subjective interpretations.
GST impact on air travel: Do you have to pay extra GST if your travel date is after September 22, 2025?
The GST council is implementing a two-tier GST rate system starting September 22, 2025, impacting air travel. Premium class tickets will see an increase to 18% GST, while economy remains at 5%. The GST rate at the time of booking and payment determines the applicable tax, even if the travel date is after the change.
AC, TV makers cheer over 10% duty cut ahead of festive season; price drop on the cards
Consumer appliance makers anticipate price reductions on large-screen TVs and room air conditioners following GST rate cuts. Televisions above 32 inches could see prices drop by up to Rs 4,000, while air conditioners may become 7-8% cheaper. This move is expected to boost sales, increase product penetration, and encourage local manufacturing, particularly benefiting air conditioner sales during the festive season.
New GST rates: Is the puzzle over popcorn, paranthas and paneer finally solved?
New GST Rates: The GST Council has approved a new tax structure effective September 22, resolving long-standing confusions on food items. Popcorn, paranthas, and paneer now have simplified rates, with pre-packaged and labelled items taxed at 5%. Online gaming and IPL tickets will face a higher 40% GST.
GST 2.0: Tax on drones cut; premium airfares will gain altitude
GST on unmanned aircraft has been cut to 5% from 28%/18%, a sharp reduction that lowers entry costs for operators deploying drones in logistics, agriculture and mapping. Flight and target motion simulators - critical for pilot training - have been exempted from IGST, slashing the outgo on new training equipment for airlines and academies.
Pay more for IPL matches; movie tickets under ₹100 get cheaper
The GST Council has raised tax on sporting events like IPL to 40% while easing levies on cinema tickets under ₹100, now taxed at 5%. Higher-priced movie tickets remain at 18%. The move balances revenue from marquee sports with relief for small-ticket entertainment, despite industry calls for broader cuts.
GST 2.0 FAQs: Which cars just got cheaper & which ones got costlier? From insurance to gold to cigarettes, all key new price info here
The GST Council has approved a significant overhaul of the Goods and Services Tax regime, effective September 22, 2025, by limiting slabs to 5% and 18%. These changes aim to boost domestic spending and mitigate the impact of US tariffs, with rate reductions on various goods and services, including personal use items, medicines, small cars, and bicycles.
GST impact: Like premium air travel tickets, will premium railway tickets cost more after GST 2.0?
Get ready for changes in Goods and Services Tax or GST on air travel. From September 22, 2025, premium air tickets will cost more with an 18% GST. Economy class tickets will remain at 5%. Train tickets will not change. AC and premium train tickets will continue with a 5% GST. Non-AC train travel will remain exempt from GST.
IATA says higher GST on non-economy class flight tickets 'disappointing', counterproductive
IATA has expressed disappointment over the GST Council's decision to raise the GST on non-economy flight tickets to 18%, arguing it undermines efforts to enhance premium travel experiences and could dampen demand. The association believes taxing premium travelers is counterproductive, especially considering the thin profit margins of Asia Pacific airlines.
Jet, Set, Go: Check GST rates on private aircraft, yachts and premium travel
Luxury flying and sailing will cost more from September 22. The GST Council is increasing taxes on private planes, yachts, and high-end travel. Personal aircraft will face a 40% GST. Yachts will also be taxed at 40%. Premium air tickets will see an 18% GST. Airlines will likely transfer this cost to passengers.
GST overhaul: Mallikarjun Kharge says wait for 'true GST 2.0' continues, demands compensation for states for 5 more years
The Indian National Congress has for long been advocating for a GST 2.0 that reduces the number of rates, cuts the rates on a large number of items of mass consumption, minimises evasion, mis-classification, and disputes, does away with inverted duty structure, lower tax on output as compared to inputs, eases the compliance burden on MSMEs, and expands GST coverage, Ramesh said on X.
Congress terms GST overhaul 'GST 1.5'; says wait for 'true GST 2.0' continues
The Congress party has criticized the GST Council's overhaul of the GST regime, calling it "GST 1.5" and questioning its ability to stimulate private investment and ease the burden on MSMEs. They argue that the wait for a "true GST 2.0" continues, particularly regarding the extension of compensation to states.
'Ek teer kai nishaan!': From combating Trump’s tariffs to inflation — why Kotak AMC's Nilesh Shah says GST 2.0 hits many targets
Shah also underlined the urgency behind the Council’s push, pointing out that “completing two days GST council meeting in one day does show the urgency.” At the same time, he stressed the need for vigilance against misuse. “While the leakages and fraud of GST needs to be dealt with iron hand, process improvement should be a continuous affair with feedback loop,” he wrote.
GST 2.0: Watching Virat Kohli and Shubman Gill in IPL just got costlier, placed with non-essential & luxury items
Watching IPL matches from the stadium is now more expensive due to a revised GST structure, increasing ticket prices to 40%. This places IPL tickets in the highest GST slab, alongside casinos and luxury goods, significantly impacting cricket fans. While regular cricket matches remain at 18%, IPL and similar premium leagues are uniquely affected by the higher rate.
ACs, TVs, washing machines to get cheaper as govt slashes GST rates
The Goods and Services Tax (GST) Council has reduced tax rates on several consumer goods. Air conditioners and large televisions will now be taxed at a lower rate. This decision aims to boost sales during the festive season. Experts predict that prices of appliances will decrease. The move is expected to increase demand and improve affordability for consumers.
Diwali cheer comes early for Indian middle class as Sitharaman announces GST 2.0
Diwali arrives early for the Indian middle class. The GST Council reduces tax slabs to 5% and 18%. Food, essentials, and durables become cheaper. Families save money on various products. Personal care items and smaller cars also see tax cuts. Health insurance becomes exempt from GST. The new rates are effective from September 22, 2025.
With 60-day booking rule in place, what’s right time to book train ticket this festive season
With the festive season approaching in India, train ticket bookings are surging, making it difficult for passengers to secure confirmed reservations. Indian Railways reduced the advance booking period to 60 days, but high demand often leads to tickets selling out quickly.
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