CHANGES IN GST RATES SEPTEMBER 2025
Kia India and JSW MG Motor announce price cuts up to Rs 3.04 lakh and Rs 4.48 lakhs following GST reforms
JSW MG Motor India has announced GST reduction benefits for its ICE SUV customers. This includes Astor, Hector, and Gloster models. The company is also offering 100% on-road funding. Customers can also avail a 3-month EMI holiday. Vinay Raina says this move addresses affordability and boosts consumer sentiment. The new GST rates are effective immediately.
Audi India cuts car prices by up to ₹7.8 lakh following GST 2.0 reforms; check changes for each model here
Audi India has reduced prices across its models by Rs 2.6–7.8 lakh, passing on GST 2.0 benefits. The Q3 now starts at Rs 43.07 lakh, while the Q8 begins at Rs 1.1 crore. Prices of Q5, Q7, A4, and A6 are also lower. Audi said the move makes its cars more accessible before the festive season.
Gold rate today: Latest 22k jewellery prices at Tanishq, Malabar Gold and Diamonds, Joyalukkas & Kalyan Jewellers
Gold prices are climbing to new record highs, driven by tariff concerns and growing expectations of a US Fed rate cut on September 17, 2025. In India, gold holds deep cultural significance, and demand often rises during festivals despite higher prices. Here’s a look at the latest 22K gold rates in Mumbai, Delhi, Bangalore, and Ahmedabad from leading jewellers.
Behind the scenes: Sitharaman chaired 3 separate meetings on GSTN preparedness for GST 2.0
Finance Minister Nirmala Sitharaman is preparing for the rollout of the next-generation GST with reduced rates and fewer slabs, effective September 22. Three meetings were conducted to assess GSTN's readiness and the necessary technological upgrades. The GST Council decided to decrease the number of slabs to two: 5% and 18%, with a 40% rate for ultra-luxury and tobacco products.
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.
GST Rate Changes 2025: Check full list of items with revised rates effective from Navratri, September 22
GST Rates List 2025: The GST Council has announced tax slab revisions impacting almost all goods and services. After the rationalisation of taxes, several items are likely to witness a tax reduction. The new GST rates will come into effect from September 22. However, gutkha, tobacco, and cigarettes are exceptions.
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Bank holiday today? Are banks open or closed today on September 8, 2025 in your state?
On September 4, 2025, the Reserve Bank of India (RBI) cancelled a public holiday dated September 5, 2025, under the Negotiable Instruments Act in Maharashtra. As a result, there will be no transactions or settlements in government securities, forex, and money markets on September 8, 2025.
Spurt in consumption to drive revenue buoyancy, to meet fiscal deficit target of 4.4%: Sitharaman
Finance Minister Nirmala Sitharaman anticipates that increased consumption will offset the Rs 48,000 crore GST shortfall resulting from tax rate reductions. She believes this consumption boost, along with strong Q1 GDP growth, could surpass the projected 6.3-6.8% GDP growth for FY26. The GST overhaul, effective September 22, aims to benefit all citizens through rationalized tax rates on various products.
'Ek baar aap GST dekh lo': PM Modi's nudge ushered in biggest GST reform in 8 years
Prime Minister Narendra Modi’s push led Finance Minister Nirmala Sitharaman to review the GST regime, resulting in a major overhaul. The GST Council approved scrapping 12% and 28% slabs, leaving 5%, 18% and 40% for sin goods. Effective September 22, nearly 400 products will get cheaper, insurance premiums turn tax-free, and compliance will ease for businesses, especially SMEs.
GST reforms got nothing to do with any external factors: Ashwini Vaishnaw
Union Minister Ashwini Vaishnaw says the GST reforms began about a year and a half ago. These reforms are unrelated to external factors. The goal is to reform, perform, and transform the economy. The new GST rates will take effect on September 22, during Navratri. These changes aim to reduce the tax burden and boost economic growth.
New GST rates, coming into effect this Navratri, to boost economy: Ashwini Vaishnaw
Union Minister Ashwini Vaishnaw announced that the 2025-26 Budget's income tax relief and GST rate rationalization will significantly boost India's economy. Effective September 22, the GST reforms will simplify taxation, reduce rates on daily-use goods, and stimulate consumption, potentially adding Rs 20 lakh crore to the GDP.
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 rate changes are a strategic inflection point for India’s auto industry
The Goods and Services Tax (GST) structure will be simplified. This decision will benefit the automotive sector. Most vehicles and auto components will move to an 18% GST rate. This will make vehicles more affordable. Electric vehicles will have a 5% GST. Luxury vehicles will be in a 40% slab. The new rates will be effective from September 22, 2025.
Reduction in GST rates of dairy products would have far-reaching benefits: Milky Mist
Milky Mist Dairy Food Ltd.'s CEO, K Rathnam, hails the GST rate reduction on dairy products as a significant boost for consumers and farmers. The move will make nutritious products like cheese and butter more affordable, stimulating demand and strengthening the organized dairy sector.
HDFC Life shares in focus as revised GST structure to kick in from September 22
HDFC Life shares: The insurer announced adoption of the revised GST structure on all insurance products from September 22, 2025. The company said the GST cut will make policies more affordable, boost demand, and aid long-term growth
Bank holiday of September 5, 2025 cancelled by RBI and new holiday declared on this day for these transactions
The Government of Maharashtra has declared September 08, 2025, as a public holiday under Section 25 of the Negotiable Instruments Act, 1881. The public holiday on September 05, 2025, declared earlier has been cancelled. Read below to know more about what the Reserve Bank of India said in its circular dated September 4, 2025.
GST on insurance: Planning to delay premium payment after Sept 22 to get rate-cut benefit? Why it may not be a good idea
The Goods and Services Tax (GST) Council has reduced insurance GST rates from 18% to zero. This change applies to policy renewals after September 22, 2025, and new policies. So if you are planning to delay your premium payment after the date, it may not be a good idea.
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 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.
GST 2.0 to unleash consumption, cushion India's economy from US tariff headwinds: India Inc
Industry leaders believe that GST rate rationalization will boost India's economic growth. They expect increased consumption and a cushion against global headwinds. The GST Council approved rate changes, effective September 22. Business leaders like Ashok Hinduja and Anand Mahindra support the reforms. FICCI and CII anticipate improved compliance and consumer benefits.
Insurance companies bear the burden of GST exemptions, have to reverse accumulated ITC
Following GST revisions, individual life and health insurers face the burden of reversing Input Tax Credit accumulated until September 21, 2025. While policyholders benefit from premium exemptions starting September 22, insurers must reverse unutilized credits, impacting their finances. Experts suggest a phased reversal or refund mechanism to balance consumer benefits and industry sustainability.
GST 2.0: How mutual fund experts decode government’s rationalisation move
The 56th GST Council meeting, led by Union Finance Minister Nirmala Sitharaman in New Delhi on September 3, set the stage for a major revamp of India’s indirect tax framework.
With GST 2.0, Govt's focus shift from capex oriented spending to consumption-led growth: Report
The government's GST 2.0 rationalization, effective September 22nd, 2025, marks a shift towards consumption-led growth, moving away from capex-focused spending. By reducing GST slabs and targeting tax relief for rural households and the middle class, the initiative aims to boost purchasing power and stimulate demand. Key sectors like consumer durables, building materials, and automobiles are expected to benefit.
GST 2.0 explained: When will new GST rate for life, health insurance be applicable?
In a significant move, the GST Council announced on September 3, 2025, that individual life and health insurance premiums will be exempt from GST. The council also reduced GST rates on medicines to a concessional 5%, aiming to lower healthcare costs.
Ek teer kai nishaan: Nilesh Shah of Kotak Mutual Fund on how GST 2.0 is step in right direction
Nilesh Shah, MD of Kotak Mutual Fund, praised the government’s GST reforms as ek teer kai nishaan, citing benefits like reduced inflation, higher growth, stronger consumer sentiment, and improved ease of doing business. He highlighted urgency in implementation, fiscal manageability, and the need to address fraud, speculation, and global tariff impacts.
GST reforms to provide relief to families, ease compliance for businesses: India Inc
Industry bodies said the clarity will ease compliance, reduce litigation, and give businesses and consumers much-needed predictability. The GST Council on Wednesday approved a two-tier rate structure of 5 and 18 per cent, which will be implemented from September 22.
Gold rate today: Latest 22k jewellery prices at Tanishq, Malabar Gold and Diamonds, Joyalukkas & Kalyan Jewellers
Gold rates today: As of September 2, 2025, 22-carat (22k) gold prices at leading jewellers such as Tanishq, and Malabar Gold and Diamonds, , excluding GST and making charges. Rates of 18K, 22K and 24K gold vary across cities like Bengaluru, Delhi, Kolkata, and Hyderabad due to differences in state taxes and other factors. For the latest city-wise rates, customers can check the official websites of the respective jewellers.
India's GST collection rises 6.5% y-o-y to Rs 1.86 lakh crore in August
India collected Rs 1.86 lakh crore as goods and services tax in August, 6.5% higher than the same period last year, showed government data on Monday. For the previous month, India’s gross Goods and Services Tax (GST) collection stood at Rs 1.96 lakh crore, marking a 7.5% increase compared to the same month last year, government data showed Friday.
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