GST DATE
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.
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.
Vehicle retail sales in August grow 2.84 pc, rise in sales expected in September amid GST cuts: FADA
Vehicle sales saw a slight increase. Federation of Automobile Dealers Association (FADA) shared the data. Passenger vehicle sales were marginally up. Two-wheeler sales also experienced a rise. Tractor sales witnessed maximum growth. Dealers are optimistic about September. They anticipate accelerated growth due to policy changes and festivals. Goods and Services Tax (GST) rate cuts are expected to boost sales.
Hyundai, Tata Motors shares in focus on announcing price cuts following GST reform
Hyundai Motor India and Tata Motors are set to slash vehicle prices following recent GST rate cuts. Hyundai's price reductions reach up to Rs 2.4 lakh for passenger vehicles, while Tata Motors offers cuts up to Rs 4.65 lakh for commercial vehicles. These changes, effective September 22, aim to boost affordability and stimulate the automotive sector.
Kiranas, distributors turn lean as countdown to September 22 begins
Neighborhood grocers and quick commerce platforms are limiting supplies from companies. They want to avoid unsold stock before the new GST rules. Companies are shortening supply cycles to stores. Prices of large packs will decrease after GST 2.0. Smaller packs will offer more quantity. Traditional traders lack the capacity for discounts.
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'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 reset: FMCG firms want more time to clear old stock
Consumer goods companies are requesting an extension to the September 22 GST revamp deadline, citing logistical challenges with existing stock and packaging. They seek clarity on passing price cuts through increased grammage, especially for low-unit packs.
Amazon, Flipkart to begin festive sales from September 23
Amazon India and Flipkart will start their festive sales on September 23. The sale begins a day after GST rate changes. Offers are available across various categories. GST cuts on footwear, apparel, and appliances are expected to boost demand. Online sales are expected to grow significantly. Amazon Prime and Flipkart Plus members get early access.
Will FPIs campaign to unnerve DIIs or vice versa? Amid foreign exodus, Nilesh Shah says stay focused on these 2 things
Kotak AMC’s Nilesh Shah urges investors to focus on growth and governance as FPIs cut holdings to a 13-year low. Despite foreign outflows, domestic resilience, strong GDP growth, and GST reforms support Indian markets, highlighting long-term opportunities amid short-term volatility.
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.
Policy clarity and cost savings: Real estate set for stronger festive quarter, say experts
India’s real estate sector is set for a festive boost as GST cuts on cement, marble, granite, and other key inputs lower construction costs and improve affordability. Developers and experts say the reforms, coupled with stable interest rates and festive demand, will strengthen housing sales across metros and tier-2 cities.
Smallcap multibagger stock hits 5% upper circuit after Rs 5.5 crore investment by Porinju Veliyath
Fratelli Vineyards shares: Investor Porinju V Veliyath bought 5 lakh shares worth ₹5.5 crore. The move coincides with the GST Council’s shift to a simplified two-slab GST 2.0 structure, which hikes taxes on sin goods to 40%.
Festive cheer with GST 2.0; Amazon’s $200 million NBFC bet
Happy Friday! Ecommerce is expected to win big this festive season on the back of new GST relief. This and more in today’s ETtech Morning Dispatch.
Analysts expect festive online sales to grow 30% after GST relief
Amazon India will start its Great Indian Festival on September 23. This follows the GST Council's rate cuts on footwear, apparel and other items. Analysts expect the tax revision to boost demand during the festive season. Electronics and appliance sales may grow significantly. Ecommerce platforms and retailers are expected to ship goods worth Rs 1.2 lakh crore.
New GST rates for bikes & scooters: From Triumph, Bullet, Harley to Bajaj, check what gets cheaper and what gets costlier
New GST rates for bikes: The GST Council has approved revised tax slabs, effective September 22, reducing GST on two-wheelers below 350cc to 18%, benefiting most of the Indian motorcycle market. Larger motorcycles above 350cc will face a higher 40% "Sin tax." Similarly, smaller cars will be taxed at 18%, while larger vehicles and racing cars will be levied at 40%.
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 gets the green light: What gets cheaper and costlier from September 22?
GST Meeting Cheaper, Costlier: The GST Council has approved changes to India's indirect tax structure. Many daily-use goods will become cheaper from September 22. Food items, consumer goods, and renewable energy devices will see reduced tax rates. However, sin goods and luxury items will remain under higher taxation. Coal will be taxed at a higher rate. Restaurants and lottery services face revised rules.
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.
Amazon India’s Great Indian Festival sale to start from September 23
Amazon India will launch its Great Indian Festival sale on September 23. The sale starts after new GST rates take effect. Prime members get early access. Flipkart's Big Billion Days sale is also coming soon. The GST changes impact many goods and services. Many food items will see reduced taxes.
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 Council retains 28% tax and cess on tobacco, sin goods
The Union finance minister will decide on the date when the new tax rate for these items will be applicable. Currently, such products attract the highest GST rate of 28% plus compensation cess, central excise duty and national calamity contingent duty, taking the total indirect tax incidence to 53%. Average annual GST collection from tobacco products in the past five years amounted to ₹51,000 crore, along with additional education cess and surcharges from tobacco manufacturers totalling ₹27,660 crore.
GST: Once branded Gabbar Singh Tax, it turns out to be Good and Simple Tax
Initially criticised as the 'Gabbar Singh Tax' by the opposition, India's Goods and Services Tax (GST) has undergone significant evolution since its implementation in 2017. The government took several years to reduce the number of GST slabs due to a combination of economic and administrative factors. Recent rationalisation efforts, dubbed GST 2.
GST 2.0: Biggest gainers and losers of the new tax regime
India has announced revised Goods and Services Tax (GST) rates. Finance Minister Nirmala Sitharaman announced GST cuts on many items. The changes will impact good from dairy items to cars. New rates take effect from September 22. Daily use items see lower taxes. Cars, TVs, and cement also get tax cuts. Apparel costing over 2,500 rupees will see a tax increase.
GST 2.0: What’s next for businesses and what can India Inc do?
The GST Council's recent announcements focus on rate consolidation, trade facilitation, and improved consumer ease. Rate reductions on B2C products aim to boost affordability, while input rate cuts for solar, textiles, and fertilizers correct inverted duty structures. The removal of the 'intermediary' provision simplifies export regulations.
Explained: Why ITC shares jumped after GST overhaul hit cigarettes
ITC Limited shares experienced a surge following the government's GST revision. The GST Council is streamlining tax slabs, potentially benefiting ITC. Brokerages predict a possible reduction in ITC's tax burden. A new 40% tax slab is proposed for certain goods. Experts believe this shift could lower prices and boost competitiveness against illicit markets.
Sitharaman & co just slashed your food bill with GST 2.0
The Goods and Services Tax (GST) Council has reduced taxes on essential food items. This decision was made during a meeting in New Delhi. Ultra-High Temperature (UHT) milk, paneer, and pizza bread are now tax-free. Other items like butter and cheese will have lower GST. This move aims to ease the financial burden on households.
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.
GST 2.0 with two-slab structure to roll out from September 22
India's GST framework is undergoing a significant overhaul, set to begin on September 22nd, simplifying the existing four slabs into a two-rate system of 5% and 18%. Essential goods will be taxed at 5%, while most others will fall under the 18% standard rate. However, tobacco products will maintain current rates until compensation cess obligations are met.
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