Page 2 - Gst Rate Cuts

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

Healthcare industry welcomes faster GST refunds, seeks broader reform

The Central Board of Indirect Taxes and Customs (CBIC) recently announced that 90 per cent of GST refunds will now be released upfront for low-risk taxpayers

GST 3.0: Govt plans automated refunds on lines of income-tax system

Priya, however, refused to give a deadline. "We will have consultations to be done, adequate safeguards have to be put in place

Hero MotoCorp rides the festival season tide, with GST winds at its back

Hero MotoCorp outpaces peers with 28% stock gains driven by strong festive demand, GST-led affordability boost, and rising scooter and export sales

GST revenues up 5% in September to ₹1.6 trillion as refunds surge 40%

Net GST collections had risen 10.7 per cent in August, aided by a 20 per cent decline in refunds during the month

E-commerce giants pass on ₹300 crore tax cuts to festival shoppers

Amazon and Flipkart channelled over Rs 300 crore in GST savings to festive shoppers as sellers adopted new tax rates, boosting demand for appliances and electronics

GST reforms: Some correctives a new move to strengthen the framework

However, while evaluating the GST reforms, the fundamental goal must not be forgotten. It was to raise the GST tax-to-GDP ratio by widening the tax base, by improving compliance

Q2 results preview: Destocking prior to GST 2.0 may impact FMCG sales

FMCG companies face muted sales in July-September as distributors slow purchases ahead of GST-driven MRP cuts, with Hindustan Unilever citing a short-term impact

GST rate cuts likely to ease inflation, boost growth, says FinMin report

Recent GST rate cuts will help lower inflation over the next year and also bring a further upside bias to the country's growth prospects, the Finance Ministry said in its monthly report. However, "this is not the time to drop our guard. Uncertainties and risks persist," it said, adding that for now, the risks appear manageable, but they are there. If tariff uncertainties persist, there will be an impact on export sectors, with spillover risk to domestic employment, income and consumption. The decision by the US government to impose a fee hike on new H1B visa-seekers is a reminder of the risks of trade uncertainties, affecting the hitherto unaffected services sector, the Finance Ministry said in its Monthly Economic Review. The central government's reform agenda is expected to cushion the economy against the adverse effects of trade disruptions, it added. "The near-term outlook, therefore, is characterised by steady, reform-driven growth rooted in macroeconomic discipline and adapti

No major rise in insurance sales despite zero GST, say distributors

The industry, however, believes that it is too early to see a proper trend

Industry has room to factor in costs in terms of ITC accumulation: Official

The official added that businesses should act in good faith, keeping their bona fide intent in mind. The accumulation of ITC has arisen because GST rates on final products have been cut under GST 2.0

GST rate cut draws shoppers to electronics stores, sales stir slowly

However, sales are yet to see a significant pick-up

Amazon and Flipkart showcase GST deals as festival shopping begins

Amazon India has introduced a GST storefront to display reduced prices from tax cuts on key categories, aiming to capitalise on festive demand with offers, discounts and bank deals

New GST reforms could boost India's GDP by 0.8%, says Hardeep Puri

He said all sections, particularly lower middle class, economically weaker sections will benefit

People will save on 99% of daily use items: Vaishnaw hails GST reforms

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

New GST reforms show PM Modi's resolve to serve poor, farmers: Amit Shah

The Next-Gen GST reforms are a testament to Prime Minister Narendra Modi's steely resolve to serve the poor, youth, farmers and women, Union Home Minister Amit Shah said on Monday as the new tax structure came into effect across the country. Shah also said that the new reforms will move the wheel of India's growth even faster on the path of becoming the most prosperous country in the world. "The #NextGenGSTReforms are a testament to PM Shri Narendra Modi Ji's steely resolve to serve the poor, youth, farmers, and women," he said in a series of posts on X in both English and Hindi with the hashtag 'GSTBachatUtsav'. The home minister said the Modi government is increasing the income of the middle class by opening plenty of opportunities for them and ensuring that their savings rise constantly through the Next-Gen GST reforms. He said the steep reduction in the GST rates of daily essentials, healthcare products, electronic appliances, and educational items will boost their disposable .

Farmers, consumers, shopkeepers cheer new GST rates, say it boosts savings

On Sunday, Prime Minister Narendra Modi, in his address to the nation, said that reform is a continuous process

New GST rates take effect: Full list of what gets cheaper from today

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