Gst Rates

India a symbol of stability and sensitivity, says PM Modi in Diwali letter

In a Diwali message, PM Modi highlighted Operation Sindoor, GST 2.0 reforms, and the eradication of Naxalism, saying India embodies both stability and sensitivity

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

Festive demand, GST sops push truck rentals up 2% in September: Report

Shriram Mobility Bulletin says truck rentals rose nearly 2% across major routes in September as pre-festive trade, GST cuts, and strong demand lifted logistics activity

UP clears food processing proposals worth ₹10K cr to boost rural economy

The state has achieved a 98 per cent bank loan approval rate under the Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme, the highest in the country

GSTAT mandates e-filing of appeals, sets staggered deadlines till June 2026

GSTAT has mandated e-filing of appeals via its new NIC-built portal, setting staggered deadlines till June 30, 2026, to avoid congestion and prioritise older cases

Hold 140% more wheat in buffer at start of season: Flour millers urge govt

Flour millers want wheat buffer stocks raised to 18 million tonnes, urge free exports, GST relief on flour and warn of delayed sowing in Punjab due to floods

BASAI seeks govt clarification on GST rates for biostimulants products

The Biological Agri Solutions Association of India (BASAI) on Monday said it has sought clarification from the government over GST applicable on biostimulants. Biostimulants, which aid plant growth, have been regulated under the Fertiliser (Control) Order (FCO) 1985 since 2021. As of August, the government has officially notified and fully approved 146 biostimulant products under the FCO. Addressing a media conference, BASAI President and Chairperson Sandeepa Kanitkar said biostimulants are the need of the hour amid climate change challenges. "The tool box of the farmer now has to be changed. If it is not changed, then we will end up having the same kind of productivity," Kanitkar said. Listing out challenges in the sector, BASAI CEO Vipin Saini said there is confusion over GST for biostimulants. "At some places, biostimulants are classified under 5 per cent GST category and in some places under 18 per cent. I believe it should be under 5 per cent category." There is misinterpreta

Prices of several 'Nandini' milk products go down with new GST rate cut

: Now you can get some of the 'Nandini' milk products like ghee, butter, paneer, at a reduced rate with the GST on them coming down from Monday. In a statement, the Karnataka Milk Federation (KMF) has listed the revised prices of 'Nandini' milk products due to the slash in Goods and Services Tax (GST) levied on dairy products. "The Government of India has reduced the Goods and Services Tax (GST) on essential food products like Ghee, Paneer, Cheese, Ice creams, Chocolates etc. and the reduction is effective from 22.09.2025. Accordingly, Karnataka Milk Federation (KMF) has revised the selling prices of 'Nandini' milk products," it stated. According to the list, 1000 ml Ghee (pouch) which was earlier priced at Rs 650 will now be available at Rs 610, Butter (Unsalted) 500 gm which was Rs 305 will now be Rs 286, Paneer (1000 gm) which was Rs 425 will be now Rs 408, Goodlife milk (1000 ml) which was Rs 70 will now be Rs 68, processed cheese (1 kg) which was Rs 530 will now be Rs 497, Chee

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

GST rate cut will make medicines more affordable, accessible: IPA secy

With GST removed from 36 medicines and capped at 5 per cent on most others, IPA Secretary General Sudarshan Jain described the step as a boost for self-reliance and the healthcare ecosystem

GST rate cut kicks in from Monday, goods, services to become cheaper

Prices of kitchen staples to electronics, from medicines and equipment to automobiles, will get cheaper from Monday as the reduced GST rates on about 375 items come into effect. In a bonanza to consumers, the GST Council, comprising Centre and states, has decided to reduce tax rates on goods and services, from September 22 -- the first day of the Navaratri. Mass consumption items like ghee, paneer, butter, 'namkeen', ketchup, jam, dry fruits, coffee and ice creams, and aspirational goods like TV, AC, washing machines will become cheaper. Various FMCG companies have already announced reduction in prices in view of GST rationalisation. With GST on most drugs and formulations, and medical devices like glucometers and diagonistic kits reduced to 5 per cent, the cost of medicines will come down for the common man. Also, home builders will benefit as GST on cement has been cut to 18 per cent, from 28 per cent. The government has already directed pharmacies to revise their MRP or sell ..

Auto dealers shower discounts before GST shift with 600k vehicles in stock

Overall amount paid by dealers in compensation cess is estimated to be in excess of Rs 4000 crore

GST cut likely to defer insurance buying till new rates kick in

Experts expect spike in health and life insurance sales post-September 22, 2025, after GST exemption on individual policies takes effect, but many customers are likely to defer purchases until then

GST rate rejig above expectation, stocks price in most positives: Analysts

The breadth and depth of the new rate cuts, analysts at Bernstein said, especially in the fast-moving consumer goods (FMCG) categories saw rate reductions well beyond what they thought was possible

GST on luxury cars, SUVs now at 40%, but it's still good news for consumers

GST Council announcements: New two-slab GST system cuts tax on smaller cars to 18 per cent, trims luxury cars and SUVs to 40 per cent, making high-end vehicles slightly cheaper

New GST rates to come into effect from Sept 22: Your top questions answered

The GST Council's 56th meeting has notified sweeping changes effective September 22, impacting goods and services from milk and medicines to cars, coal and casinos

GST Council clears 2-slab structure: What gets cheaper, what gets expensive

Finance Minister Nirmala Sitharaman announces GST overhaul with zero tax on breads and life-saving drugs, lower duty on cement, soaps and tractors, and higher rates on TVs and cars

Luxury carmakers urge clarity on GST rates to boost festive season sales

A clear picture regarding new GST rates at the earliest will help the overall auto industry, including the luxury car segment, to regain momentum in the ongoing quarter, which generally sees enhanced sales on account of the festive season. The high-powered GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on September 3-4 to discuss moving to a two-slab taxation. In an interaction with PTI, BMW Group India President and CEO Hardeep Singh Brar said the recent speculation about the change in GST rates has caused uncertainty in the minds of consumers. Consumer interest and demand is strong, but they (prospective buyers) have adopted a wait-and-watch approach, and this delayed decision-making is impacting new vehicle sales at a certain level, he noted. "Expediting clarity on GST rates is essential to get back to speed and ensure the auto sector's contribution to economic growth during this quarter is robust," Brar stated. He also hoped that the sustainable push ..