NEW GST RATES ON MOBILE PHONES

GST reforms to set stage for next investment cycle, provide tailwind for growth in coming quarters and years: Sanjiv Bajaj

Sanjiv Bajaj hailed the government’s GST rate cuts as the biggest reform since 2017, calling it a major driver for demand, lending, and financial services. He expects festive spending, MSME growth, and housing finance to benefit, alongside expanded insurance coverage due to exemptions.

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 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.

GST rate changes are a strategic inflection point for India’s auto industry

The Goods and Services Tax (GST) structure will be simplified. This decision will benefit the automotive sector. Most vehicles and auto components will move to an 18% GST rate. This will make vehicles more affordable. Electric vehicles will have a 5% GST. Luxury vehicles will be in a 40% slab. The new rates will be effective from September 22, 2025.

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 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.

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.

GST rate cuts to spur growth, benefit first-time buyers, middle-income families: Auto industry

The GST Council's decision to reduce tax rates on automobiles has been welcomed by the Indian auto industry, with players anticipating a boost in demand, especially during the festive season. The move is expected to benefit first-time buyers and middle-income families by making vehicles more affordable.

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 reforms 2025: From fuel to mobile bills, the big cuts that never came

GST 2.0: What’s next for businesses and what can India Inc do?

The GST Council's recent announcements focus on rate consolidation, trade facilitation, and improved consumer ease. Rate reductions on B2C products aim to boost affordability, while input rate cuts for solar, textiles, and fertilizers correct inverted duty structures. The removal of the 'intermediary' provision simplifies export regulations.

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.

Adani Green, Waaree Energies and other renewable energy stocks in focus as GST cut to 5% from 12%

Renewable energy stocks like Adani Green, Tata Power, NTPC, and Waaree Energies in focus after the GST Council cut tax on solar, wind, biogas, and other clean energy devices and parts to 5% from 12%, lowering costs for developers and boosting green transition.

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%.

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.

New GST rates: From food, cars to medical insurance - key changes for the middle class

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.

Festive smartphone sales may remain flat despite GST cut, strong monsoon: Samsung India

Samsung India anticipates flat smartphone sales volume this festive season compared to last year, despite increased consumption in smaller towns due to GST cuts and good monsoons. While urban consumers are holding onto devices longer, rural areas are expected to upgrade, driving revenue growth through premium smartphone purchases.

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.

Mobile phone companies push for tax relief to drive up sales

The Indian mobile phone industry is urging Prime Minister Modi to reduce the GST on handsets to 5%, highlighting that the increased 18% levy since 2020 has cost them ₹81,800 crore. Smartphone sales have stagnated, and the industry argues the higher GST is hindering growth and affordability, despite India becoming the world's second-largest mobile phone manufacturer.