Gst Rate Cuts

After slow start, auto sales set to end 2025 on a high as demand revives

India's automobile industry is set to post its highest-ever retail sales in 2025, supported by GST rationalisation, income tax relief, RBI rate cuts and improving rural demand after a good monsoon

India cuts GST, revamps tax regime in 2025, I-T Act in effect from April 1

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 .

Industry may be flat in 2026; we aim for double-digit growth: Samsung India

Samsung India expects the consumer electronics industry to stay flat in 2026 amid a weak rupee and inflation concerns, but says it is targeting double-digit growth led by TVs and ACs

Business@2025: From tax reforms to trade pacts, a year of course correction

The government moved to steady the economy amid global uncertainty. Crises at IndiGo and BluSmart, meanwhile, underlined the need for tighter oversight and stronger governance

Domestic two-wheeler wholesales likely to grow 6-9% in FY26: Icra

Wholesales jump 19 per cent in November even as retail sales soften

Auto rally doesn't downshift as Q3 outlook stays steady on firm demand

Strong order books keep automakers driving past slowdown fears

Bima Sugam will make insurance inclusive, affordable, transparent: Experts

Leaders called Bima Sugam a tool for transparency, affordability and inclusion

GST boost fuelling growth; private capex showing spark: HDFC Bank

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

GST transition sparks short-term FMCG demand dip in Sep quarter: Report

FMCG volumes eased to 5.4% in Q2 as GST transition caused a brief slowdown, though rural markets continued to outpace urban areas and overall sector growth stayed strong at 12.9%

GST 2.0, customs reforms to boost Indo-Japan auto ties and EV push: Report

Significant regulatory transformations such as GST 2.0 and progressive customs reforms are likely to accelerate investment flows, promote EV adoption, and drive the next wave of Indo-Japan collaboration in clean mobility and advanced manufacturing, according to a report. With USD 43.3 billion in cumulative investments, Japan is India's fifth-largest foreign investor. A deeper utilisation of the Indo-Japan FTA will be key to driving competitiveness, enabling technology transfer, and advancing India's journey toward a sustainable, innovation-led automotive future, Grant Thornton Bharat and the Indo-Japan Chamber of Commerce and Industry (IJCCI) said in a joint whitepaper. "The convergence of GST 2.0 and targeted customs incentives marks a defining moment for India's automotive sector. Reduced tax rates, simplified compliance, and supply-chain-focused exemptions will not only elevate India's cost competitiveness but also strengthen its positioning as a manufacturing and export hub for .

GST cut lifts life, retail health insurance growth: Irdai member Sood

Deepak Sood says zero GST on life and health insurance has sparked strong growth, with demand set to accelerate in H2FY26 as the industry pushes for deeper penetration and better distribution

Retail inflation dropped to series low of 0.25% in Oct on base effects

In rural India, retail prices slipped into deflationary zone with the NSO reporting a 0.25 per cent drop in the CPI (Rural), compared to a 1.07 per cent increase in September

GST reforms to propel India's FY26 GDP growth to 7.4%, says NIPFP

NIPFP pegs India's FY26 GDP growth at 7.4% - higher than RBI's 6.8% forecast - citing GST reforms, robust investment, and strong US economic performance

Credit card spends hit record ₹2.2 trillion in September on festive boom

Festive shopping, GST rate cuts, and heavy bank offers push card spending to an all-time high; HDFC, SBI Cards, and ICICI Bank lead growth

SBI General Insurance expects GST cut to hit profitability in near term

SBI General Insurance's Managing Director (MD) & Chief Executive Officer (CEO) Naveen Chandra Jha spoke with Aathira Varier in a virtual meeting about the company's strategies for maintaining growth

GST cut, festival demand fuel two-wheeler sales boom in October

Hero, Honda lead record monthly sales as consumers snap up bikes

Made-in-India boost: Diwali sales skyrocket to record ₹5.4 trillion

CAIT survey finds Diwali sales surged 25% as consumers embraced Indian-made goods, aided by GST cuts and strong rural and small-business participation

FMCG set to turn the corner as GST 2.0 may boost spend, says report

According to the market researcher, rising commodity prices have led to a growing valley between volume and value growth

High demand for PVs likely to sustain beyond festive season: Siam president

SIAM data showed that automakers dispatched 372,458 PVs to dealers in September 2025, a year-on-year increase of 4.4 per cent

GST changes, ITC removal may have weighed on insurers' profitability in Q2

Analysts see 50-150 bps VNB margin compression for life insurers and sustained combined ratios for general insurers after GST rate changes and ITC removal