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Consumer goods companies hire legal firms to navigate new GST norms and avoid anti-profiteering issues
Consumer goods companies are seeking legal guidance to navigate revised GST norms and avoid anti-profiteering issues after the NAA's sunset clause. Firms, especially in packaged food and personal care, need advice on input tax credit application, pricing, and supply chain structuring. The government may re-invoke anti-profiteering measures, prompting companies to ensure tax benefits reach consumers.
Nissan extends GST advantage to customers, prices to drop by up to Rs 1 lakh
Nissan Motor India will pass on GST cut benefits to customers. The company welcomes the government's new GST rates. This reduction aims to boost consumer confidence during the festive season. The New Nissan Magnite Visia MT will be available under Rs 6 lakh. Top-end variants will also see significant price reductions. This move ensures greater affordability and accessibility for buyers.
Consumers to see reduced prices of FMCG products by next month: GCPL MD
Consumers can anticipate lower prices on FMCG products by early to mid-next month as new MRPs reach the market, according to Godrej Consumer MD & CEO Sudhir Sitapati. The GST rate reduction to 5% has caused temporary disruptions due to existing stocks with higher MRPs.
Supreme Court reserves verdict on pleas against HC order asking West Bengal government to pay DA to employees
The Supreme Court has reserved its verdict on the West Bengal DA arrears case, following appeals against a Calcutta High Court order mandating the release of dearness allowance since July 2009. The key issue is whether DA is a fundamental right.
Nominal GDP growth may miss FY26 target on soft inflation: CEA V Anantha Nageswaran
Chief Economic Advisor V Anantha Nageswaran anticipates a potential shortfall in nominal GDP growth compared to the budgeted 10.1% due to benign inflation. However, he remains optimistic about achieving the real GDP growth target of 6.3-6.8% despite US tariffs. GST reforms, expected good harvest, and direct tax relief should boost consumption.
BJP resolution urges businesses to pass on GST cut benefits to consumers
A BJP resolution, lauding PM Modi's GST rate cut, urges manufacturers and traders to pass on the benefits to consumers, fostering fairness and growth. The resolution emphasizes that lower prices will drive demand, boosting prosperity and strengthening the nation.
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Britannia expects half of its sales from rural markets in next 3-4 years: Varun Berry
Britannia aims for half its domestic sales from rural markets in 3–4 years, up from 40% now, said Vice Chairman & MD Varun Berry. The company is expanding direct distribution to small villages for steady product availability. Rural sales are outpacing urban, where consumption faces cost pressures. Britannia directly covers 3 million outlets, adding 1 lakh annually.
SOPA seeks 10% hike in edible oil import duty to support farmers
The Soybean Processors Association of India (SOPA) has appealed to the government to increase import duties on edible oils by at least 10% to shield farmers from low domestic prices, which have discouraged soybean cultivation.
GST reforms, festive demand to boost food delivery and Q-commerce, say analysts
Food delivery and quick commerce companies anticipate growth. GST reforms and increased spending are key factors. The festive season may boost demand. While GST changes could raise delivery costs, subscription models might help. Some industry players see limited direct benefits. The real test lies in the upcoming festive season. A stronger growth cycle is expected.
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.
Swiggy Instamart to launch Quick India Movement festive sale on September 19
Swiggy Instamart's 'Quick India Movement' sale, offering 50-90% discounts on over 50,000 products, will run from September 19-28, preceding Amazon and Flipkart's festive sales. The sale includes electronics, beauty, and more, featuring brands like Apple, OnePlus, and L'Oréal.
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.
GST reforms to set stage for next investment cycle, provide tailwind for growth in coming quarters and years: Sanjiv Bajaj
Sanjiv Bajaj hailed the government’s GST rate cuts as the biggest reform since 2017, calling it a major driver for demand, lending, and financial services. He expects festive spending, MSME growth, and housing finance to benefit, alongside expanded insurance coverage due to exemptions.
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.
Will GST revamp drive lasting gains or just short-term spurts in markets?
Indian stock indices closed slightly higher on Thursday. Early gains, driven by GST changes, faded as investors booked profits. Consumer goods and auto shares initially rose but later declined. The Nifty and Sensex saw marginal increases. Mahindra & Mahindra was a top gainer. Investors are awaiting stronger demand signals. Foreign investors were net sellers, while domestic investors bought shares.
Priya Nair different from HUL’s previous chiefs: Unilever global CEO Fernando Fernandez on leadership rejig
Unilever appoints Priya Nair as Hindustan Unilever's Managing Director and CEO. This leadership change aims to boost revenue growth in India. Fernando Fernandez highlights Nair's global experience as crucial for HUL's future. The company sees India as a key market alongside the US. This decision follows concerns about recent sales performance. Nair replaces Rohit Jawa after his short tenure.
GST 2.0 can renew promise of renewables biz, cut power bills
The Goods and Services Tax (GST) Council decided to cut tax on renewable energy parts. Tax rate reduced from twelve percent to five percent. This will boost manufacturing and make renewable energy cheaper. Solar and wind power projects will cost less. Waaree Energies and Suzlon Group plan to pass on the benefits to consumers.
GST 2.0: Fall in input prices likely to soften realty costs
India's property sector is poised for a boost as the government reduces the GST on cement from 28% to 18%, potentially lowering project costs for developers and homebuyers. Additional tax cuts on marble, granite, and other construction materials are expected to further ease cost pressures. This rationalization is anticipated to stimulate consumption and propel India's GDP growth.
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.
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.
GST rate for jewellery unchanged at 3% , but industry sees indirect gains
Mumbai jewellers are happy with the GST reductions in other sectors. They believe this will help their business indirectly. The GST Council kept gems and jewellery rates at 3 percent. Experts think lower rates will increase consumer spending. More people may invest in jewellery. However, some feel the unchanged GST on gold may hinder growth.
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.
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.
GST Council slashes tax on personal-care items like shampoo, toothpaste, hair oil to 5%
The GST Council has agreed to reduce the tax rate on essential personal care items like hair oil, toothpaste, and shampoo from 18% to 5%, benefiting consumers and companies like Hindustan Unilever and Godrej Industries. This move, part of the broader GST 2.
New stimulus checks in September 2025? IRS clears the air amid speculations and check eligibility
The IRS has refuted rumors circulating about potential $1,390 direct deposit relief payments or new stimulus checks in September 2025. Officials confirmed that these speculations are false, with no support from Congress or the IRS. The previous three stimulus checks were tied to COVID-era programs, with the last claim deadline on April 15, 2025.
Retailer and farmer groups ask India to shun Amazon's plea to ease investment rules
Groups representing Indian retailers and farmers have urged the government to reject Amazon's request to ease foreign investment rules for exports. They argue that allowing Amazon to directly procure products would harm smaller businesses due to the company's financial strength and potential for predatory pricing.
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