Latest Updates on GST Revamp

Ceat's profit, however, slumped 16.2 per cent sequentially due to costs related to the implementation of new labour codes and an exceptional-item profit in Q2FY26

ICICI Securities identified four key growth levers for HUL. First, demand for large-pack units in personal care categories has shown strong responsiveness to lower prices following GST cuts.

As the Centre scraps the GST compensation cess, here is how India's tobacco tax structure has evolved over the past decade

The government said that tobacco products will continue to attract GST but will also be subject to additional excise duty on top of that tax from February 1

Prices of cooling appliances such as room air conditioners and refrigerators may go up 5-10 per cent from January 1, 2026, as the new revised star rating from the Bureau of Energy Efficiency (BEE) comes into force. This hike, which will be applicable from January 1, 2026, will almost offset the price advantage which the consumers have got from the GST reforms in September this year on room air-conditioners (RAC), where duty was slashed 10 per cent. Besides the fall of the Indian rupee against the US dollar and global increase of copper prices is also putting pressure on manufacturers' margins. Despite this, leading manufacturers such as Voltas, Daikin, Blue Star, and Godrej Appliances are unfazed and expect this to help to keep the carbon footprints lower. The new 5-star AC under the new revised BEE norms is 10 per cent more energy efficient; however, it will also increase the prices by around 10 per cent, said Blue Star Managing Director B Thiagarajan. "New 5-star is a new produc

India's agriculture sector closed 2025 with a projection of record foodgrain output surpassing last year's 357.73 million tonnes (MT) despite US tariffs disrupting farm exports, while landmark GST reforms delivered input cost relief, and stakeholders await passage of key seed and pesticide bills in 2026 to tackle fake inputs. The year showed both resilience and fragility -- GST rate reductions delivered noticeable cost savings, while American tariff wall compelled market diversification, officials said. "We are hopeful of achieving record foodgrain production this year 2025-26 (July-June). Kharif output remained positive and rabi sowing is progressing well," Agriculture Secretary Devesh Chaturvedi told PTI. Above-normal southwest monsoons boosted kharif sowing, with the agriculture ministry's first advance estimate projected kharif foodgrain output at a record 173.33 MT for 2025-26, up from 169.4 MT in 2024-25. Rice production is predicted to exceed 124.5 MT, with maize at 28.3 MT.

India overhauled its tax regime in 2025 with sharp cuts in Goods and Services Tax (GST) rates and a higher income tax exemption limit, with the spotlight now turning to customs duty rationalisation and procedural simplification in the coming Budget. Next year will see the new simplified Income Tax Act, 2025, to come into effect from April 1, replacing the over six-decade-old current Income Tax Act, 1961. Also, two new laws -- one to levy additional excise duty on cigarettes and another to levy cess on pan masala over and above GST rates -- will be implemented on a date decided by the government. The tax reforms rolled out by the government in 2025 were aimed at stimulating demand amid a challenging global economic environment. With tariff uncertainties casting a shadow over economic decision-making, India's tax reform measures focused on boosting domestic demand to drive consumption and support growth. A key highlight was the reduction of GST rates on about 375 goods and services .

Sales volumes rose 7.2 per cent year-on-year in October 2025 to 19,555 units, before moderating by 1.4 per cent in November to 10,396 units

Life insurers have formed committee to discuss the capping of distributor commission

The Bill was tabled earlier amid the Opposition's protest demanding a discussion on the Special Intensive Revision (SIR) of electoral rolls

Govt hikes excise on tobacco, levies pan masala cess amid tepid GST growth, raising concerns over divisible pool

GST 2.0, which levies a flat 40 per cent tax on luxury vehicles, has spurred renewed enthusiasm. Prices have fallen by 6-8 per cent

The GST rate rationalisation gave a "measurable" boost to consumption, and the Indian economy is on a stable footing to navigate risks and maintain growth momentum through the current fiscal, a finance ministry report said on Thursday. The Finance Ministry's Monthly Economic Review for October said that with inflationary pressures easing and recent tax reforms boosting household disposable incomes, the near-term consumption outlook appears increasingly positive. Retail inflation has reached an all-time low in the current series, dropping to 0.25 per cent in October 2025, down from 1.44 per cent in September 2025. The decline can largely be attributed to the complete impact of reduced GST rates, a favourable base effect, and significant falls in food inflation, the ministry said. "The rationalisation of GST rates has provided a measurable boost to consumption, as reflected in the strengthening of high-frequency indicators, including higher e-way bill generation, record festive-seaso

Insurance leaders view the GST waiver as an inflexion point, detailing plans to boost customer value and make products the engine for growth

The consumer sector, according to a Motilal Oswal note, reported the third quarter of mid-single-digit earnings growth of 5 per cent year-on-year in Q2-FY26

Measures undertaken this yr pave way for virtuous cycle

142,000 applications cleared in 15 days

NIMs could improve going forward for the bank as borrowings are replaced by deposits and deposits get repriced downwards

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

Recent uncertainties created by global tariffs have not impacted the Indian economy severely, she said