GST OVERHAUL
Mahindra & Mahindra shares soar 14% in 4 days on GST boost. Analysts eye Rs 4,000 next
Mahindra & Mahindra surged 14% in four sessions as GST 2.0 cuts auto tax slabs, boosting SUVs and tractors. Analysts expect near-term pullbacks but medium-term upside toward Rs 4,000, aided by festive season demand and structural reforms.
GST reforms to impact every citizen cutting across regions and income groups, says FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman called GST rate cuts a landmark reform benefiting all Indians, especially the middle class. She dismissed political pressure claims, noted even critics’ praise, acknowledged state inputs, and stressed the reform focuses on people, not politics, promising relief and cheer before the festive season.
Gabbar turns hero with GST 2.0, but why are FIIs still haunted by Trump
Despite GST 2.0's reforms aiming to boost consumption and corporate earnings, FIIs continue selling Indian stocks, driven by Trump's tariff concerns and global uncertainties. A significant FII exodus, reaching ₹1.4 lakh crore in 2025, persists despite domestic investor support. High valuations and the lure of cheaper markets further fuel the foreign investor skepticism.
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.
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.
GST reforms to boost global capability centres' growth in India: Report
The GST reforms will directly bolster global capability centres' (GCCs) operations in India -- not just with tax adjustments but also helping them with enhanced global competitiveness, cost structures and cash flows, according to the report by Grant Thornton Bharat.
- Go To Page 1
'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 overhaul a people's reform, touches every family: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman calls GST overhaul a 'people's reform'. Rate rationalization will benefit families and boost the economy. Prices of nearly 400 products will decrease from September 22. Premium on health and life insurance will be tax-free. The GST slab structure will change to 5% and 18%. Daily food items will fall under the 5% slab.
Sitharaman writes to state FMs, thanks them for role in GST overhaul
Union Finance Minister Nirmala Sitharaman thanked state finance ministers for their support in overhauling the Goods and Services Tax (GST) regime. The GST Council unanimously agreed to reduce rates on various products, benefiting the common man. States initially worried about revenue loss, but Sitharaman assured them increased sales would compensate, fostering consensus and cooperative federalism.
GST rate cut benefits should reach aam aadmi, FM Nirmala Sitharaman says
Finance Minister Nirmala Sitharaman asserted that the benefits of GST rate cuts must reach the common man. The Centre is closely monitoring the implementation of the new tax regime, effective September 22. Manufacturers, industry stakeholders, and even state governments will be held accountable if the promised relief is not passed on to citizens.
Mahindra & Mahindra is GST 2.0’s biggest auto winner. 5 reasons why
Mahindra & Mahindra shares jumped up to 9% after GST 2.0 tax cuts, with brokerages calling it the biggest auto sector beneficiary. Lower rates on SUVs and tractors are expected to significantly boost its growth prospects.
GST reforms: Maharashtra CM Fadnavis hails move, calls it result of PM Modi's farsighted vision
Devendra Fadnavis praised Narendra Modi's vision regarding GST. The GST Council approved changes to the indirect tax system. The new tax slabs will be effective from September 22. Fadnavis stated that Maharashtra is a leader in GST contributions. He added that the reforms will reduce the tax burden on citizens. Maharashtra supports these GST reforms.
GST rate cut to spur demand in Rs 19 lakh cr dairy industry: Government
The government is set to implement new GST rates for the dairy sector. Most dairy products will either be tax-exempt or attract only a 5% tax. Ultra-high temperature milk and paneer will have no GST. Butter, ghee, cheese, and ice cream will be taxed at 5%. This reform aims to boost the dairy sector and benefit farmers and consumers.
GST overhaul lifts new-age stocks PB Fintech, Nykaa, FirstCry
The new regime has abolished tax on individual life and health insurance products sold by companies such as LIC, SBI Life Insurance and ICICI Prudential Life Insurance. This move is likely to boost premiums and customer adoption of such products.
GST collections may dip initially, but festive demand will offset: CBIC chief
India's CBIC anticipates a temporary dip in GST collections post the September 22 overhaul, as businesses utilize accumulated ITC. However, festive demand is expected to boost sales. The GST department is collaborating with industries for a smooth transition to the new tax structure, which consolidates slabs and introduces a 40% rate for specific goods.
Not all are winners in India's GST 2.O regime. These stocks are losing already
India’s GST overhaul introduces 5%, 18%, and 40% slabs, boosting consumption and aiding FMCG, auto, and insurance sectors. Coal, luxury goods, casinos, and energy drinks face higher taxes. While ITC and Godfrey Phillips benefit from reduced tax uncertainty, Delta Corp, Nazara, and premium auto firms may see near-term pressure.
GST rate cuts done, but market guru Nilesh Shah has a 4-5 times bigger worry than Modi's 'diwali gift'
Nilesh Shah welcomes the GST slab simplification but cautions about the bigger challenge of household savings being diverted into speculative avenues like F&O and Ponzi schemes. He estimates that the misallocation of savings poses a significantly larger risk to the economy than the fiscal impact of the GST reforms.
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.
Mahindra & Mahindra shares rally 8% on GST overhaul. Is it the auto sector’s biggest winner?
Mahindra & Mahindra shares surged 7.8% as GST overhaul cuts taxes on SUVs, small cars, and tractors, boosting demand. Analysts highlight M&M as a key beneficiary, with broader auto sector gains expected. Lower rates and uniform duties support mass-market recovery and festive-season sales.
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.
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.
Footwear stocks rise up to 7% as GST slashed to 5% on pairs below Rs 2,500
Footwear company stocks surged following the GST Council's decision to reduce the GST rate on shoes priced up to Rs 2,500 from 12% to 5%. This tax cut, effective September 22, is anticipated to boost demand, particularly in semi-urban and rural markets, leading to investor optimism and significant gains for companies like Campus Activewear, Liberty Shoes, and Relaxo Footwears.
ICICI Pru, LIC, other insurance stocks rise up to 6% after GST council scraps tax on life, health policies
Insurance stocks: GST Council has scraped 18% tax on all individual life and health insurance policies, effective Sept 22, 2025. Relief extends to ULIPs, endowment, health plans, and reinsurance. GST on goods carriage third-party cover cut from 12% to 5%.
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.
Sensex rallies over 700 pts, Nifty tops 24,900; GST cuts, 4 other drivers behind today's rally
Indian stock markets witnessed a significant surge today. Sensex and Nifty both opened considerably higher. This positive movement follows the government's decision to reduce taxes on various goods under the Goods and Services Tax. The GST overhaul aims to boost consumption ahead of the festive season. Market capitalization of BSE-listed companies also saw a substantial increase.
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.
GST 2.0: Watching Virat Kohli and Shubman Gill in IPL just got costlier, placed with non-essential & luxury items
Watching IPL matches from the stadium is now more expensive due to a revised GST structure, increasing ticket prices to 40%. This places IPL tickets in the highest GST slab, alongside casinos and luxury goods, significantly impacting cricket fans. While regular cricket matches remain at 18%, IPL and similar premium leagues are uniquely affected by the higher rate.
Big engines, bigger taxes: GST 2.0 hikes duty on luxury cars to 40%
India's new GST overhaul brings significant tax changes to the automobile sector. Small petrol and diesel cars will benefit from reduced rates, while luxury vehicles and high-end electric cars face increased levies. This shift aims to simplify the tax structure, potentially boosting sales of smaller vehicles but impacting the growth of the premium EV market.
EVs to continue at 5% GST rate as Council opts for clean mobility push
The GST Council has decided to maintain the 5% concessional GST rate on all electric vehicles, providing a boost to India's clean mobility initiatives. This decision ensures that both mass-market and luxury EVs will avoid potential price increases under the new GST structure.
Load More
