Page 12 - Latest Updates on GST Revamp

Stock Market Close: Sensex adds 324 pts, Nifty at 24,973; IT, PSBs shares outperform; auto falls

Sensex Today | Stock Market Highlights: Among the broader markets, the Nifty Midcap 100 and Nifty Smallcap 100 indices settled with gains of 0.83 per cent and 0.73 per cent, respectively

Skoda, Volkswagen to cut prices to pass on full GST revamp benefits

Skoda Auto India on Wednesday said it will cut prices across its entire product portfolio by up to Rs 3.3 lakh to pass on the full GST reduction benefits to customers. Effective September 22, the price of Kodiaq SUV will be reduced by up to Rs 3,28,267, while that of compact SUV Kylaq by up to Rs 1,19,295. Similarly, SUV Kushaq will see a price reduction of up to Rs 65,828, while that of sedan Slavia by up to Rs 63,207, the company said in a statement. "The revised and simplified GST structure is a welcome step by the government of India, that works in favour of both the industry and our customers," Skoda Auto India Brand Director Ashish Gupta said. By improving accessibility in the volume segment and bringing clarity to the premium space, it gives buyers greater value in their purchase decisions, he added. "For us, this means our products are available at even more attractive prices, allowing the brand to reach a wider audience...," Gupta noted. The company further said is curre

GST revamp to drive macro tailwinds; Antique backs consumer discretionary

The GST 2.0 is expected to deliver a significant consumption boost of around ₹2.8 trillion, equivalent to 0.7 per cent of GDP, Antique Broking said

Hero MotoCorp, Royal Enfield to reduce prices to pass on GST cut benefits

Two-wheeler maker Hero MotoCorp on Wednesday said it will cut prices of its various models by up to Rs 15,743 to pass on the full benefit of the GST rate reduction to customers. The new pricing will be effective from September 22, Hero MotoCorp said in a regulatory filing. Customers can now avail price benefits of up to Rs 15,743 on select models (ex-showroom Delhi), making motorcycles such as the Splendor+, Glamour, Xtreme range and scooters like the Xoom, Destini and Pleasure+ even more accessible, it added. Welcoming the GST rate reduction, Hero MotoCorp CEO Vikram Kasbekar said the government's next-gen GST 2.0 reforms will boost consumption, empower GDP growth, and accelerate India's journey to a USD 5 trillion economy. "In addition, more than half of the Indian households use two-wheelers for their daily needs, making it critical for mass mobility," he said, adding that the timing is opportune and ahead of the festive season. It makes two-wheelers more affordable and accessi

India hoped for 'big' GST reform, received only a revised rate card

India's long-overdue GST cut is hailed by PM Modi as the nation's 'biggest reform', with carmakers cutting prices and asset managers calling it a 'landmark reset', yet markets stay muted

Citi sees $10-12 billion IPO pipeline in 3 quarters, says Amol Gupte

Citi's Amol Gupte says India's reform push and strong domestic demand will help navigate US tariff shocks; sees GST cuts boosting growth, FDI pipeline intact

GST reforms: Fada urges PM Modi to resolve compensation cess issue

FADA has urged PM Modi to address compensation cess rollover ahead of GST 2.0 rollout, warning that auto dealers face a Rs 2,500 crore hit and liquidity stress this festive season

E-way bill tally hit 129 million in August, second only to July record

Experts credit the sustained momentum to the imposition of 50 per cent US tariffs, which came into effect on August 27, and to domestic demand powered by the festival season

After cutting slabs and rates, GST Council must pursue deeper reforms

Barring a dozen-odd items, almost all goods and services are being clubbed under two slabs - 5 per cent and 18 per cent

GST reforms to boost consumption but limit fiscal consolidation: Moody's

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

Life insurers' new biz premiums fall 5.2% in Aug as LIC drags growth

New business premiums of life insurers fell 5.2% YoY in August to Rs 30,959 crore as LIC posted a sharp decline, while private insurers recorded double-digit growth

Stock Market Highlights: Sensex ends 314 pts higher, Nifty at 24,869 led by IT shares; Infy jumps 5%

Sensex Today | Stock Market Close, September 9, 2025: The Nifty IT index surged 2.7 per cent on Tuesday led by strong buying in Infosys after the company said it shall consider share buyback.

Automakers asked to display GST price posters at all dealerships

Executives at automobile firms are now getting posters designed and sending them to the ministry for approval before sending them to print for display

Need proactive outreach for easy transition to new GST rates: CBIC chief

With the reduced GST rates on 375 items set to be effective from September 22, Central Board of Indirect Taxes and Customs (CBIC) Chief Sanjay Kumar Agarwal has underlined the need for "proactive outreach" by tax officers to handhold trade and industry in navigating the transition smoothly. He said greater awareness will not only minimise confusion but also enable businesses, particularly small traders and MSMEs, to adapt seamlessly and fully benefit from the reforms. The GST Council, in its meeting last week, has approved to make Goods and Services Tax (GST) a two-tier structure of 5 and 18 per cent, with a special rate of 40 per cent on tobacco and related products and ultra-luxury items. The new rates will be effective September 22, barring tobacco and related products, which would continue to be taxed at 28 per cent plus a compensation cess till December 31. Currently, GST is levied in the slabs of 5, 12, 18 and 28 per cent. In his weekly newsletter to tax officers, Agarwal sa

GST revamp to fuel consumption growth: Motilal Oswal's sector of the week

The recent tax cuts and GST reform, along with the broader policy shift, indicate a push toward consumption-driven growth, Motilal Oswal said

Officials explore input tax credit fixes for smooth GST transition

Suggest allowing unused ITC for SGST payments, Customs duty offsets, or tradable scrips

M&M cushions dealers from cess blow; others likely to follow suit

M&M has offered relief to dealers against cess losses while GST 2.0 led buyers to defer purchases, with overall August auto retail sales up 2.84% year-on-year, FADA said

GST relief to act as sales multiplier: Amazon India exec Saurabh Srivastava

Amazon India expects GST revisions to drive stronger festive demand as its Great Indian Festival starts September 23 with expanded delivery reach and seller participation

FMCG firms may be allowed to use stickers to offer lower GST rates

FMCG companies executives who spoke on the condition of anonymity said that they are waiting for the roadmap from the government on the transition

The reform agenda: Why pushing strategic disinvestment will be crucial

Simplifying the GST structure is not the only reform on the government's agenda.