BUSINESS CLASS AIR TRAVEL GST

Ashwini Vaishnaw hails PM Modi’s GST reform as relief for Middle Class, boost for Indian economy

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.

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.

A GST 'Budget' for aspiring citizens

The Indian government has implemented significant economic reforms. These reforms include GST rate rationalization and structural changes. The aim is to boost India's competitiveness and economic growth. Rate reductions on essential goods will benefit citizens. This will lead to increased consumption and GDP growth. Simplified tax structure and trade facilitation are also key components. MSMEs will experience easier business operations.

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.

GST rate cuts complement Ayushman Bharat, PMJAY, says health ministry

The government's GST reforms aim to make healthcare more accessible and affordable by exempting health and life insurance premiums, reducing taxes on essential medicines and medical products. These changes complement initiatives like Ayushman Bharat and PMJAY, encouraging wider insurance adoption and lowering healthcare costs for citizens. The move also supports preventive healthcare by maintaining high taxes on harmful goods.

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.

Tourism Boost: GST on hotel room tariffs under ₹7,500 cut to 5%

The Goods and Services Tax (GST) Council has decided to reduce tax rates on hotel rooms costing up to Rs 7,500 per day. The new rate is 5% without input tax credit. This decision aims to benefit budget and mid-market travelers. Nikhil Sharma from Radisson Hotel Group believes this will boost domestic tourism.

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.

Roti, kapda aur makan: The firepower India's common man got as Diwali gift

GST rates slashed: India's GST revamp, dubbed the 'Great Savings Tax,' is easing the financial burden on the middle class. Reduced rates on essentials like food and clothing could save urban families 7-8% and rural families 5-6% monthly. This, coupled with income tax relief and lower interest rates, aims to boost consumption and savings, potentially transforming India into a middle-class-driven economy.

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.

'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.

KISSing those crazy GST slabs bye

The GST Council has streamlined the tax structure, introducing a 0%, 5%, 18%, and 40% tier system, eliminating the 28% slab except for luxury items. While many goods and services now fall under the 5% and 18% categories, a 40% 'sin' tax on certain items remains. Hotel tariffs below ₹7,500 will be taxed at 5%.

Simplified GST Scheme: Government unveils quick registration for small and low-risk businesses

The Indian government has launched a Simplified GST Registration Scheme to streamline the process for small and low-risk businesses. Eligible applicants can now receive registration within three working days, with businesses identified as low-risk through data analysis. This initiative aims to reduce paperwork, accelerate registration, and promote entrepreneurship, benefiting a significant majority of new applicants.

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.

PM Modi welcomes GST council’s approval of rate cuts, says changes will benefit every section of society

The GST Council, with PM Modi's endorsement, has approved comprehensive GST reforms, including rate rationalization and process simplification. Finance Minister Sitharaman announced a significant merger of GST slabs, aiming to boost affordability and consumption. Daily-use items see rate reductions, benefiting the common man, while key sectors like agriculture and health receive support through structural changes and simplified compliance.

GST Council starts two today meeting to discuss two slabs, tax cuts

The GST Council convened to deliberate on a proposal to streamline tax slabs, potentially reducing rates for essential items and luxury goods. While states generally support the plan, some opposition-led regions seek revenue loss compensation. The proposed reforms aim to boost consumption, ease business operations, and simplify compliance, with potential economic benefits.