PERSONAL CARE PRODUCTS GST
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.
GST cuts elude detergents, cosmetics; analysts and FMCG players say it's surprising
Industry experts are surprised that detergents and cosmetics remain under the 18% GST slab despite the govt's restructuring aimed at boosting consumer spending. While taxes on essential FMCG products like soaps and toothpaste have been reduced to 5%, detergents, hair dye, and household insecticides were excluded.
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 Council slashes tax slabs to two to spur consumption; announces key measures for middle class
GST Meeting News: The Goods and Services Tax (GST) Council has streamlined India's indirect tax system. It reduced the existing four tax slabs to two. Many items will become cheaper as they move to lower tax brackets. This aims to boost consumer spending. The change follows Prime Minister Narendra Modi's promise of a GST overhaul.
Swiggy Instamart to launch Quick India Movement festive sale on September 19
Swiggy Instamart's 'Quick India Movement' sale, offering 50-90% discounts on over 50,000 products, will run from September 19-28, preceding Amazon and Flipkart's festive sales. The sale includes electronics, beauty, and more, featuring brands like Apple, OnePlus, and L'Oréal.
GST reforms most positive for footwear, quick restros, FMCG, grocery retailers: Report
Bernstein reports that GST rate cuts will likely boost India's consumption. Footwear, QSRs, FMCG, and grocery retailers may benefit. Personal and home care items see GST reduction. Apparel and footwear GST is rationalized. QSRs may experience improved gross margins. The GST Council approved these cuts, effective September 22. This aims to reduce tax burden and stimulate economic growth.
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Centre issues draft standards to make everyday products accessible for people with disabilities
The government is drafting accessibility standards for everyday items. This includes kitchenware, furniture, and grooming products. The goal is barrier-free access for persons with disabilities. The standards cover 20 categories. They include braille, tactile features, and clear labeling. The framework follows the 'POUR' approach. Products must be Perceivable, Operable, Understandable, and Robust. The government will offer incentives for compliance.
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.
Bill to replace tobacco cess with new levy in winter session
The central government might present a bill during Parliament's winter session. This bill focuses on imposing a levy on tobacco products. It would replace the Goods and Services Tax compensation cess. The current cess may continue for three months. This extension ensures full repayment of state compensation loans.
GST 2.0 & the great Indian price puzzle: Middle class cheer or boardroom bonus?
India is on the verge of GST 2.0, aiming to simplify the tax structure and boost demand. Essential goods may see reduced rates, benefiting consumers, while companies could strategically reprice products. The reform balances revenue concerns with the potential for increased consumption, impacting both household budgets and corporate strategies.
Will Indian economy ride GST rate cut boost or capex push?
India's tax policy reset, featuring personal tax relief and GST simplification, sparks debate on the nation's growth trajectory. While some anticipate a consumption boost, particularly in discretionary sectors, others argue that investment in infrastructure will remain the primary driver. The government aims to encourage both consumption and private investment, noting a rise in private consumption's share of nominal GDP.
Dairy sector may gain Rs 11,400 crore from GST reset
The GST rate cuts are expected to curb adulteration and boost farmers’ incomes
ITC, Varun Beverages, other FMCG stocks slide up to 4% on profit-taking, snap 5-day rally after GST 2.0 boost
FMCG stocks including ITC and Varun Beverages fell up to 4% on Friday as investors booked profits, snapping a five-day rally driven by GST 2.0 reforms. The Nifty FMCG index slid 2%, with analysts saying the sell-off may be short-lived amid consumption growth hopes.
A GST 'Budget' for aspiring citizens
The Indian government has implemented significant economic reforms. These reforms include GST rate rationalization and structural changes. The aim is to boost India's competitiveness and economic growth. Rate reductions on essential goods will benefit citizens. This will lead to increased consumption and GDP growth. Simplified tax structure and trade facilitation are also key components. MSMEs will experience easier business operations.
Gap to offer beauty and personal care products this fall
Gap is set to venture into the beauty and personal care market this fall, including products under its Old Navy brand, as it seeks to diversify its revenue beyond apparel. The initiative begins with a trial phase in 150 Old Navy stores, featuring items like skincare, makeup, and hair products, mostly priced under $25.
GST rate cut to spur domestic demand, help build long-term growth: FMCG industry
The Goods and Services Tax Council reduced rates on essential items. This decision aims to revive domestic consumption. It will also stimulate economic momentum before festivals. Fast-moving consumer goods companies will pass on benefits to consumers. They will increase grammage or reduce prices. Analysts expect a price drop and growth in the FMCG sector.
GST on salon services & health clubs: Did your beauty treatment get cheaper?
Good news for salon-goers! The GST Council has slashed the tax on beauty and wellness services, including salons and health clubs, from 18% to 5%. This reduction aims to make these services more affordable for consumers. Additionally, GST rates on personal care products like soaps and shampoos have also been reduced to 5%, easing the financial burden on households.
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 cut on drugs, medical devices to provide relief to patients: Industry players
The government is reducing GST on medicines and medical devices. Lifesaving drugs are exempt. This action will help patients and families. It will also make healthcare more affordable. Sudarshan Jain and Anil Matai welcome the changes. Ameera Shah and Shobana Kamineni also support the move. Himanshu Baid says it will improve access to medical technologies.
GST cuts on farm inputs, dairy products 'big Diwali gift' for farmers: Agri industry
Industry leaders applaud the government's GST rate reduction on agricultural inputs and dairy products, anticipating significant relief for farmers facing rising costs and unpredictable weather. The move is expected to increase farmer incomes by lowering input costs and promoting the adoption of advanced technologies. Reduced GST on dairy products will improve affordability, boost consumption, and support dairy farming families.
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 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.
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 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.
GST Council slashes tax on personal-care items like shampoo, toothpaste, hair oil to 5%
The GST Council has agreed to reduce the tax rate on essential personal care items like hair oil, toothpaste, and shampoo from 18% to 5%, benefiting consumers and companies like Hindustan Unilever and Godrej Industries. This move, part of the broader GST 2.
Mamaearth’s parent Honasa Consumer realigns focus amid rising competition
This focussed approach will help it better allocate R&D resources and marketing investments towards various categories within the beauty and personal care (BPC) market, said the founders in the annual report. Mamaearth is the biggest brand in Honasa Consumer’s portfolio, which has brands such as The Derma Co, Aqualogica, Dr Sheth’s, Bblunt, and Staze Beauty.
GST 2.0: Personal care, electronics and hybrid cars could see up to 10-point tax reduction
Prime Minister Narendra Modi's planned GST cuts are poised to alleviate financial burdens on consumers and stimulate sales of everyday essentials and electronics before the festive season. The government intends to reduce the goods and services tax by a minimum of 10 percentage points on approximately 175 products, encompassing items from personal care to hybrid cars.
Slice of GST: From chips to shampoo, FMCG cos plan to stuff more into Rs 5 and Rs 10 packs
Prime Minister Narendra Modi had announced sweeping GST reforms in his Independence Day speech, the first such major revamp. The Centre proposes to scrap the 12% and 18% slabs, while retaining 5% and 18%, with most daily use items taxed at the lowest slab. “Biscuits, which have nearuniversal usage, are overwhelmingly consumed down to the smallest village, priced at Rs 5-10,” said Varun Berry, executive vice-chairman and managing director, Britannia Industries.
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