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Nirmala Sitharaman flags GST 2.0 as final piece in big tax reforms, says overhaul was driven by affordability & Aatmanirbharta
Finance Minister Nirmala Sitharaman asserts that the GST revamp is a significant taxation reform, poised to positively impact India's economy. While not directly addressing tariff challenges, it offers a cushion. The government is also working on supporting tariff-hit sectors, with potential measures expected soon, particularly for textiles.
Tata Motors to slash car prices by up to Rs 1.45 lakh from September 22 under GST 2.0
Tata Motors announced a price reduction of up to Rs 1.45 lakh across its passenger vehicle range, effective September 22, due to the newly approved GST 2.0 regime. The company aims to pass on the benefits of the GST reforms to customers, which include reduced and simplified tax rates for the automobile sector.
GST 2.0: Reforms to propel MMF textile industry; sub-Rs 2,500 retail segment poised for growth
The reforms are expected to correct anomalies at the fibre stage, reduce costs at the yarn and fabric stages, improve garment affordability, revive demand at the retail stage, and enhance export competitiveness.
New GST rate on cars and other vehicles simplified; check old vs new GST on automobiles
The GST Council has revised the Goods and Services Tax, simplifying it into 5% and 18% slabs. GST on small cars is reduced to 18%, while other car segments face a 40% tax. This eliminates cess and simplifies tax calculations on vehicles and household goods.
GST 2.0 is here. How should you tweak your mutual fund portfolio
GST 2.0 is set to revamp India's indirect tax system. Experts suggest domestic-facing sectors will benefit. Sectors like autos, staples, and retail may see better demand. Premium apparel and luxury cars could face pressure. The revised rates will be effective from September 22, 2025. Investors should consider their risk appetite before tweaking their mutual fund portfolio.
Govt to monitor GST rate cuts to ensure relief reaches common man: Minister
The finance ministry will closely monitor the implementation of reduced GST rates to ensure the relief reaches the common man, according to Minister Pankaj Chaudhary. This move, coupled with income-tax relief, aims to boost consumption. While income-tax relief benefits the middle class, GST relief will benefit a broader spectrum, including the poor, MSMEs, and others.
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GST 2.0 cuts prices of essentials, but wheat flour still taxed 5%
GST 2.0 has reduced taxes on many essentials. Packaged Indian breads now have zero GST. However, wheat flour still has 5% GST on smaller packs. This affects home-cooked rotis. Manufacturers buying in bulk are exempt. Roller Flour Millers' Federation of India wants GST exemptions extended to all wheat flour. They highlight that most Indian rotis are made at home.
GST reforms: Life & health insurance to see 0% GST
The GST Council has eliminated the 18% tax on individual life and health insurance policies, aiming to boost affordability and coverage. Finance Minister Nirmala Sitharaman expects companies to pass on the benefits to consumers. This move, effective for all individual policies and reinsurance, seeks to reverse the recent decline in insurance penetration across India.
PM Modi calls GST reforms a 'double dose of growth' and slams UPA tax policies
Prime Minister Narendra Modi addressed the nation, emphasising the importance of GST 2.0 reforms in strengthening India’s global competitiveness and promoting self-reliance. He interacted with National Awardee Teachers, recognising their vital role in shaping the youth. Modi assured citizens of a “double blast of happiness” ahead of Diwali and Chhath Puja, while criticising the previous UPA government’s taxation policies.
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.
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.
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.
Trump’s tariff pains, Modi’s GST relief: Govt gives a reform armour to every Indian
India rolls out GST 2.0 reforms to boost domestic consumption and shield the economy from the impact of US tariffs. The revamped GST structure simplifies tax slabs and lowers rates on essential goods and services, putting more money in the hands of households and businesses. Experts say the reforms could give a meaningful lift to GDP, while rising consumer confidence across urban and rural India signals stronger spending ahead.
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 trigger throws up over 90 stock ideas as rate cuts may spark new market cycle. Full list
The GST Council's sweeping rate cuts across sectors have ignited a market rally, with auto, FMCG, cement, insurance, and consumer durable stocks in sharp focus. Two-wheelers, small cars, cement, insurance, and packaged goods are now significantly cheaper. Analysts expect stronger consumption, improved margins, and GDP growth. Key beneficiaries include M&M, ITC, Hero MotoCorp, UltraTech, and SBI Life.
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.
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.
ET Graphics: The big winners of GST 2.0
GST tax rates on common use items ranging from hair oil to corn flakes, TVs, and personal health and life insurance policies were slashed after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax regime.
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.
Will insurance premiums become cheaper in GST 2.0?
The GST Council has eliminated the 18% tax on health and life insurance premiums, a move under PM Modi's GST 2.0 reforms aimed at simplifying the tax structure. This exemption is expected to lower premiums, potentially boosting demand and increasing insurance accessibility for a wider population, though insurers may face short-term margin pressures.
GST 2.0 is here: From namkeens to biscuits, your kirana basket just got cheaper
India's GST 2.0 slashes taxes on mass-consumed goods like namkeens and biscuits, aiming to ease household budgets and stimulate demand. This significant indirect tax reset, following income tax cuts, seeks to boost disposable incomes and reinforce consumption-led growth.
The govt wants you to fall in love with hatchbacks again
The Goods and Services Tax (GST) Council has approved a revised tax structure for the automobile sector. Tax rate for bigger cars is now 40%. Levies on smaller cars and motorcycles up to 350cc are reduced to 18%. This decision comes as Sports Utility Vehicle (SUV) sales experience their first decline in over five years.
GST Council defers rollout of 40% tax on tobacco and pan masala
The Goods and Services Tax Council decided on GST 2.0. The new tax overhaul will be live from September 22, 2025. A simplified two-slab system is approved. Essential goods will have 5% tax. Standard items will have 18% tax. Sin and luxury products will have 40% tax.
Is your stock portfolio ready for GST 2.0? Council meeting may rewrite market playbook
The GST Council meeting is anticipated to bring significant reforms, potentially boosting sectors like autos, consumer durables, and discretionary consumption. Analysts predict that a GST rate cut of 7-10% could lead to price reductions, spurring demand. Experts believe these reforms could trigger a strong consumption upcycle, especially benefiting lower-income households and driving growth in various sectors. Stock market investors are rejigging portfolios accordingly.
GST Council Meeting: Hour of GST 2.0 arrives; all eyes on Team Modi's Diwali gifts for Indian economy
The keenly-watched GST Council meeting is underway. It will potentially overhauling India's tax structure by reducing it to two primary slabs of 5% and 18%, alongside a 40% rate for luxury items. This reform aims to boost consumption and simplify compliance, but faces opposition from states concerned about revenue losses and compensation mechanisms, particularly regarding the compensation cess.
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