NEW GST RATES
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.
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.
Mid-size housing projects set to gain most from GST rationalisation, says Amit Mamgain
The Goods and Services Tax rate change on cement and construction materials may help mid-size housing projects. Amit Mamgain of Yugen Infra says lower taxes will help developers and buyers. Metro cities may see more demand. Affordable housing will not change much. New rates may start after September 22, 2025.
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.
Royal Enfield new GST rate: From Hunter 350, Classic to Himalayan, check full list of bikes getting cheaper or costlier after Sept 22
Royal Enfield's new GST rate: Royal Enfield faces a mixed impact from recent GST changes. While bikes below 350cc will benefit from a reduced 18% GST, making models like the Hunter and Classic more affordable, larger motorcycles now face a higher 40% tax. Check full list of bikes and their expected new prices.
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GST Diwali Dhamaka has a catch, but govt is watching
The government is closely monitoring businesses to ensure that the recent GST rate cuts reach consumers, especially during the festive season. Ministries are collecting price data and urging companies to voluntarily pass on the benefits. While some industries have pledged to reduce prices, concerns remain about full transmission due to factors like existing inventory and lack of consumer awareness.
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 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.
GST on health and life insurance premiums reduced to zero: See how it will impact your policy costs
New GST Rates on Life and Health Insurance: The Goods and Services Tax (GST) on health and life insurance premiums will soon be zero. The GST Council approved this change in its recent meeting. This new rule starts on September 22, 2025. While premiums will not have GST, insurers may not get input tax credits. Experts say this could lead to a slight increase in costs.
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.
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.
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.
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.
Electronics items to see price cuts; ACs, dishwashers likely to see reduction of Rs 3,500-4,500 apiece
Aspirational consumer electronics like large-screen TVs, ACs, and dishwashers are set to become more affordable. Chief executives anticipate an 8-9% price reduction following a significant 10 percentage point cut in GST rates. While sales might dip temporarily as consumers delay purchases, pent-up demand is expected to compensate for this slowdown.
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.
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 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.
GST on mobile phones after reforms: Will your next phone get cheaper?
India's GST revamp, effective September 22, simplifies tax slabs to boost spending, but mobile phones remain taxed at 18%, despite industry requests for a lower 5% rate.
GST 2.0 explained: When will new GST rate for life, health insurance be applicable?
In a significant move, the GST Council announced on September 3, 2025, that individual life and health insurance premiums will be exempt from GST. The council also reduced GST rates on medicines to a concessional 5%, aiming to lower healthcare costs.
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.
Tobacco prices set to rise 5–6% as GST council clears 40% slab
Tobacco products may become more expensive. The GST Council increased tax on items like cigarettes and pan masala. The new GST rate will likely be implemented by year-end or early next year. Companies will likely pass the increased tax to consumers. However, GST on bidis has been reduced. This could affect sales of small cigarettes.
GST Council revises tax slabs for automobiles: Small vehicles get relief while SUVs face higher levy
The GST Council has announced a restructuring of tax rates for the automobile sector, effective September 22, 2025. Mass mobility vehicles like smaller cars and motorcycles up to 350cc will see reduced GST rates, dropping from 28% to 18%. Conversely, larger cars, SUVs, motorcycles above 350cc, yachts, and personal aircraft will face a higher tax rate of 40%.
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.
SBI to states: Don’t fear PM Modi’s Diwali GST gift, you’ll still be net gainers
State Bank of India projects Indian states will remain net gainers from GST, even with rate rationalisation, due to revenue sharing mechanisms. This contradicts concerns of revenue loss expressed by some states. The bank suggests utilising the compensation fund surplus to offset potential losses from rate adjustments.
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