GST Rate Cut

142,000 applications cleared in 15 days

The passenger car industry is expected to log over 5 per cent volume growth, driven by the recent GST 2.0 reforms, which have particularly boosted the demand for small cars, a top Stellantis India official has said. Stellantis India, which operates two brands -- Jeep and Citroen -- in the country and has three manufacturing facilities in India, including the Hosur powertrain and gearbox plant, also said it is eyeing an over four-fold jump in exports to Rs 10,000 crore next year, in component exports, from Rs 4,000 crore. Hosur facility, along with the one in Bengaluru, churns out up to 3.74 gearboxes and 3 lakh engines per annum is serving as a key pillar Stellantis global business. Prior to the GST 2.0 reforms, there was hardly any growth in car sales, Shailesh Hazela, Managing Director and CEO at Stellantis India, said, adding, "But with GST, the growth percentage will be more than 5 per cent for the auto (industry)." Stating that automobiles' demand went up in the last eight day

Finance Minister Nirmala Sitharaman highlights global challenges, stresses infrastructure push, reform measures, and technology-led growth to boost investment and productivity

With GST cuts fuelling festive demand and growth holding strong, the RBI's MPC is likely to stay cautious on rate cuts as it weighs inflation risks and uncertain global trade headwinds

Tata Consumer MD Sunil D'Souza says GST cuts and increased government spending will put more money in consumers' hands, boosting demand and driving long-term growth

Ashwini Vaishnaw met shopkeepers in the national capital and raised awareness regarding the next-generation GST reforms

The NextGen GST reforms reduce taxes on several items spanning essentials, healthcare, education, electronics, automobiles, and farm equipment, while selectively increasing GST on sin, luxury products

The GST Council has cut slabs from four to two - 5 per cent and 18 per cent - while keeping a special 40 per cent rate on 'sin goods' and select luxury items under the new GST 2.0 framework

ecommerce companies complete technical preparations for the simplified GST structure

Festival season demand to grow by 10% and TV prices come down by 7.8%

Businesses say they may find it difficult to reduce prices to the full extent of GST reduction because they may have paid higher input taxes on stocks lying with them. For that they won't be refunded.

Moody's says GST rate cuts will boost consumption and ease inflation but warns of higher revenue loss, fiscal strain, and weak debt affordability for India

Relief from long-pending disputes around GST rates on auto components with a single GST slab of 18%

A rate cut will also depend on how the central bank assesses growth, post the 50 per cent tariff imposed by the US, with the additional 25 per cent came into effect from late August

Besides, a cut in the tax rate on nearly one-fourth of the essential and household items contained in inflation basket may lead to a moderation of 50-90 bps in retail inflation over next 12 months

Electronics and auto makers raise output after GST cuts, expecting higher festive sales as small cars, two-wheelers, TVs and ACs turn cheaper from September 22

Here's how analysts leading brokerages assess the impact of the GST rate rejig on the Indian economy, bond markets and the possibility of an aggressive interest rate cut by the Reserve Bank of India

Any disappointment on the rate front, analysts believe, could trigger a knee jerk correction fall in the stocks and sectors that have seen a good run in the last few weeks

Wood has removed the investment in Aditya Birla Real Estate in his India long-only equity portfolio and replaced it with an investment in Mahindra & Mahindra (M&M)

At the bourses, the consumption-driven theme has played out well thus far in FY26 with the Nifty India Consumption index rising nearly 11 per cent as compared to around 5 per cent rise in Nifty 50