GST RATES ON AIR TRAVEL
Govt keeping 'good watch' on rupee, several currencies declined against USD: Sitharaman
Finance Minister Sitharaman stated the government is closely monitoring exchange rates as the rupee depreciates against the strengthening US dollar, a trend affecting multiple currencies. The rupee hit a record low amid concerns over US tariffs, including a 50% levy on Indian goods.
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.
'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.
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.
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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.
New GST rates list 2025: Full list of items with revised rates effective from Navratri, September 22
New GST Rates: The Goods and Services Tax rates are set for a revamp. The GST Council has announced revisions impacting various goods and services. These changes aim to simplify the tax structure. Many food items will see a tax reduction. The revised rates will be effective from September 22. However, gutkha, tobacco, and cigarettes are exceptions.
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.
Theaterisation will come, just have to see how long it will take: Army Chief Dwivedi
Army Chief General Upendra Dwivedi emphasized the inevitability of theaterisation for integrated military operations, highlighting its necessity for coordinated execution among various agencies. He also lauded the government's GST rate reduction on military equipment, anticipating a boost for defence corridors, MSMEs, and modernization efforts. Despite Operation Sindoor, infiltration attempts persist along the LoC, indicating continued state-sponsored terrorism.
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.
From ACs to TVs, GST bonanza likely to boost demand for premium durables ahead of festive season
The GST Council’s latest rate cuts will likely make premium durables like air conditioners, large-screen televisions and dishwashers significantly cheaper this festive season. Industry leaders say the move will not only boost consumer demand but also accelerate premiumisation and strengthen India’s global competitiveness.
Travel industry packs its bags for a festive takeoff
The GST cuts on hotel tariffs and dining are expected to boost the travel and hospitality industry during the festive season, following a weak first quarter impacted by various incidents. With reduced prices, companies like Treebo anticipate increased bookings, aligning with the peak travel period of Navaratri and Diwali.
Economy flyers may think twice before upgrading
Airlines in India are experiencing a surge in premium cabin demand, but a recent government tax hike on business and premium economy seats threatens this growth. While business class may remain unaffected, premium economy could suffer as price-sensitive economy passengers reconsider upgrades. The tax increase adds to ticket costs, potentially hindering India's competitiveness as an aviation hub.
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.
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.
New GST rates: Is the puzzle over popcorn, paranthas and paneer finally solved?
New GST Rates: The GST Council has approved a new tax structure effective September 22, resolving long-standing confusions on food items. Popcorn, paranthas, and paneer now have simplified rates, with pre-packaged and labelled items taxed at 5%. Online gaming and IPL tickets will face a higher 40% GST.
Tourism Boost: GST on hotel room tariffs under ₹7,500 cut to 5%
The Goods and Services Tax (GST) Council has decided to reduce tax rates on hotel rooms costing up to Rs 7,500 per day. The new rate is 5% without input tax credit. This decision aims to benefit budget and mid-market travelers. Nikhil Sharma from Radisson Hotel Group believes this will boost domestic tourism.
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 cut to reduce prices of TVs, ACs & dishwashers by 8-9%
Great news for consumers as prices of large screen televisions, air-conditioners, and dishwashers are set to decrease. The GST Council's decision to reduce GST rates will lead to an 8-9% price reduction. This move is expected to boost consumption significantly. Haier India anticipates a surge in demand after a temporary sales dip.
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.
IATA says higher GST on non-economy class flight tickets 'disappointing', counterproductive
IATA has expressed disappointment over the GST Council's decision to raise the GST on non-economy flight tickets to 18%, arguing it undermines efforts to enhance premium travel experiences and could dampen demand. The association believes taxing premium travelers is counterproductive, especially considering the thin profit margins of Asia Pacific airlines.
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 rate cuts will improve affordability and give a fillip to consumption: Morgan Stanley
Morgan Stanley anticipates a significant boost in consumption due to the GST structure rationalization, particularly benefiting low-income households. Effective from September 22, the simplified two-rate system will make various goods and services more affordable, coinciding with the festive season.
Bajaj Finance, Bajaj Finserv shares rally up to 6% as GST cut for consumer durables likely to boost demand
Bajaj Finserv and Bajaj Finance shares jumped following the government's GST rate reduction on consumer durables like air conditioners and televisions. The GST cut, from 28% to 18%, is anticipated to stimulate retail demand, especially during the festive season. Bajaj Finance is expected to benefit from increased loan disbursals due to more affordable EMIs.
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.
KISSing those crazy GST slabs bye
The GST Council has streamlined the tax structure, introducing a 0%, 5%, 18%, and 40% tier system, eliminating the 28% slab except for luxury items. While many goods and services now fall under the 5% and 18% categories, a 40% 'sin' tax on certain items remains. Hotel tariffs below ₹7,500 will be taxed at 5%.
ACs, TVs, washing machines to get cheaper as govt slashes GST rates
The Goods and Services Tax (GST) Council has reduced tax rates on several consumer goods. Air conditioners and large televisions will now be taxed at a lower rate. This decision aims to boost sales during the festive season. Experts predict that prices of appliances will decrease. The move is expected to increase demand and improve affordability for consumers.
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.
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