ROAD HAULAGE TAX RATES
One clear benefit, four open questions: GST reform delivers a win for consumers but at what cost?
Recent GST reforms in India, eliminating the 28% and 12% slabs, aim for a simpler tax structure and fairness, potentially boosting the economy modestly. While the move may simplify some aspects, complexities persist, and concerns arise about long-term fiscal stability due to significant revenue losses.
Nifty failed to live up to GST 2.0 hype. Will this week offer a redemption?
Indian equities kicked off last week on a high, with the GST Council’s sweeping tax cuts sparking hopes of a broad rally. However, the rally fizzled out as quickly as it started. By Friday, the Nifty gave up much of its early gains.
'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.
Zzz of doing biz in the time of GST and tariffs
A dream businessman is nimble about what he makes, sells, trades
GST reforms bring big relief to people who suffered huge tax burden under Congress: BJP
Ashwini Vaishnaw says GST rate cuts will benefit common people and boost India's economy. The new GST rates will be effective from September 22, the first day of Navratri. He criticized the Congress for high taxes before 2014. Vaishnaw highlights PM Modi's commitment to the welfare of the middle class.
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.
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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.
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.
GST rationalisation could increase pressure on the oil and gas sector, says ICRA
The Goods and Services Tax rationalisation is set to impact various Indian sectors. Oil and gas may face increased production costs. However, consumer demand and producer sentiment are likely to improve. Renewable energy projects can expect reduced capital costs. The automobile industry anticipates a revival in sales. Rural housing will benefit from lower cement taxes.
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.
Gurgaon man moves court over flooded streets after rains, seeks full audit of money spent on roads, and drainage
A Gurgaon resident has filed a petition in district court against chronic civic neglect following heavy monsoon rains, which caused severe waterlogging and traffic disruptions. The court has issued notices to MCG officials, the deputy commissioner, and the DCP (traffic), demanding detailed responses within two weeks.
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.
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.
GST 2.0 is here. How should you tweak your mutual fund portfolio
GST 2.0 is set to revamp India's indirect tax system. Experts suggest domestic-facing sectors will benefit. Sectors like autos, staples, and retail may see better demand. Premium apparel and luxury cars could face pressure. The revised rates will be effective from September 22, 2025. Investors should consider their risk appetite before tweaking their mutual fund portfolio.
GST rate cut on tyres to bring down vehicle operating and logistics costs: ATMA
The Automotive Tyre Manufacturers' Association (ATMA) welcomes the GST Council's decision to lower tyre GST rates to 18%. ATMA believes this reduction will make tyres more affordable, benefiting various users and promoting road safety through timely tyre replacement. Lower operating costs and reduced logistics expenses are also expected to positively impact the economy.
Freight tax cut to drive logistics
Earlier, this was taxed at 12% with ITC. For road haulage, renting of goods carriages with operators, where fuel is included, now attracts 5% instead of 12%. Third-party insurance of goods carriages too moves down to 5% from 12%, reducing vehicle running costs for fleet operators. Goods Transport Agency services, widely used in bulk cargo movement, have been revised from 5% without ITC or 12% with ITC to 5% without ITC or 18% with ITC.
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 2.0: Tax cuts offer hope, but not a cure for Trump’s 50% tariff blow to exporters
The GST Council, chaired by Finance Minister Nirmala Sitharaman, on Wednesday rationalised the tax structure by moving most items from the 12% and 18% brackets to 5%.
GST Council approves highest tax rate of 40% on these goods
The GST Council has approved raising taxes on sin goods to 40% as part of a broader GST 2.0 overhaul, simplifying the tax structure to two main slabs. This move, expected by Diwali 2025, aims to discourage consumption of harmful goods while boosting government revenue. It also strategically counters new US tariffs on Indian goods.
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.
Parag Milk, other agriculture and dairy stocks rally up to 7% after GST cuts
Agri and dairy stocks like Parag Milk, Dodla Dairy, and Kaveri Seeds gained up to 7% after the GST Council slashed rates on fertilisers, farm machinery, and dairy products. The cuts, effective September 22, aim to ease costs for farmers and consumers.
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%.
The govt wants you to fall in love with hatchbacks again
The Goods and Services Tax (GST) Council has approved a revised tax structure for the automobile sector. Tax rate for bigger cars is now 40%. Levies on smaller cars and motorcycles up to 350cc are reduced to 18%. This decision comes as Sports Utility Vehicle (SUV) sales experience their first decline in over five years.
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.
GST 2.0 should pave way towards single tax rate: Report
A Think Change Forum report advocates for GST 2.0 to adopt just two slabs—5% and 18%—capping the peak rate at 18% to simplify the tax system. The report, released ahead of a GST Council meeting, suggests this move would boost consumption, improve compliance, and generate higher revenues by eliminating anomalies and reducing litigation.
Auto Inc sounds the horn against higher slab on premium EVs
Electric carmakers are raising concerns over a proposed GST increase on premium EVs, fearing it could hinder the growing adoption of clean mobility in India. The industry argues that maintaining the current 5% GST rate is crucial for price parity with ICE vehicles and sustaining long-term investments in the EV sector.
19 NHPC employees, trapped in Dhauliganga tunnels, rescued
Nineteen NHPC employees were trapped inside a powerhouse in Uttarakhand's Pithoragarh district after a landslide blocked the tunnels of the Dhauliganga Power Project. A joint rescue operation by the district administration, SDRF, and BRO successfully evacuated all the trapped employees by evening. The landslide, triggered by heavy rains, caused partial damage to the upper part of the tunnel.
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