Page 12 - Latest Updates on GST Revamp

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.

GST 2.0: Towards simpler and citizen-centric indirect tax regime

The GST Council's efforts at rationalisation have steadily lowered the system's complexity while sustaining revenue buoyancy

75% consumers doubt firms will pass on GST rate cut benefits: Survey

LocalCircles' survey found that 42% of consumers were only "partially confident" and 33 per cent were "not confident" about companies lowering MRP in line with the revised GST rate

GST revamp to set off demand, investment, job cycle: FM Nirmala Sitharaman

Sitharaman says the govt will shift focus to speed up disinvestment

GST reforms: Taxation can't be an emotional decision, says FM Sitharaman

Days after the big-bang GST reform announcement, FM Nirmala Sitharaman, at her North Block office on Saturday, spoke at length on a range of issues in an hourlong interaction with Business Standard

JSW MG Motor, Kia announce price cuts following GST rationalisation

MG Motor said it will extend the full benefit of the GST reduction across its SUV portfolio, with price cuts ranging from ₹54,000 to ₹3,04,000, effective from September 7

Consumers to see reduced prices of FMCG products by next month: Godrej MD

Consumers will start getting FMCG products at reduced prices only by early or mid-next month, as goods take time to reach markets with the new MRPs, Godrej Consumer Managing Director and CEO Sudhir Sitapati has said. The reduction of tariff to 5 per cent has also created "some short-term disruptions", as the industry operates on an MRP regime, and dealers and companies are sitting on stocks with high MRPs, he added. "The FMCG sector operates on an MRP regime, and stocks that dealers and companies are sitting on today are at higher MRPs. Simply passing on money to trade does not guarantee that it reaches consumers directly. It will take a little time before new MRPs flow into the market," he said. "By early or mid-next month, consumers will start seeing reduced prices on FMCG products," he pointed out. The all-powerful GST Council last week decided to reduce taxes on most of the common-use goods as part of the government's measure to boost consumer spending, including hair oil, soap

Must ensure that GST benefits are passed to consumers, says Piyush Goyal

At EEPC India's Platinum Jubilee celebrations, the Commerce Minister said the next-gen GST reforms will strengthen industry, trade and drive engineering exports

Stock Market Close: Sensex adds 76 pts, Nifty at 24,773; auto stocks outperform; Tata Motors up 4%

Sensex Today | Stock Market Highlights, Sept 8: Auto stocks outperformed the broader markets as the Nifty Auto index gained 3 per cent, led by Bharat Forge, Ashok Leyland, Motherson Sumi, Tata Motors

Nissan Motor cuts Magnite prices by up to ₹1 lakh to pass on GST benefits

Nissan Motor India on Monday said it has cut prices of its compact SUV Magnite by up to Rs 1 lakh to pass on the GST rate cut benefit to customers. The revised pricing will be effective on all deliveries made on or after September 22, 2025, coinciding with the first day of Navratri, the automaker said in a statement. However, customers can start booking at the new prices immediately across all authorised Nissan dealerships nationwide, it added.

Lexus India to cut prices by up to ₹20.8 lakh to pass on GST rate reduction

Luxury carmaker Lexus India on Monday announced the reduction in prices of its entire product range by up to Rs 20.8 lakh to fully pass on the benefits of the GST rate reduction on automobiles. The revised prices will be effective from September 22, 2025, Lexus India said in a statement. Terming the GST rate overhaul as a "historic reform", Lexus India President Hikaru Ikeuchi said the company is extending the full benefit of the GST rate reduction to its customers in India. "This initiative enhances accessibility and instils greater confidence in the luxury mobility space," he noted. Under the revised prices, the reduction in prices of the company's six models will range from up to Rs 1.47 lakh on the sedan ES 300h to up to Rs 20.8 lakh on the flagship SUV LX 500d. Ikeuchi further said, "Coming at the onset of the festive season, it will spark joy and create new opportunities for our guests to experience the Lexus range of vehicles.

Trump tariffs may trim 0.5% from India's FY26 GDP: CEA Nageswaran

V Anantha Nageswaran warns prolonged US tariffs pose a major risk to growth, but remains confident of meeting India's 6.3-6.8 per cent GDP target for FY26

Audi India announces price cut to over ₹7.8 lakh to pass on GST benefits

German luxury car maker Audi on Monday announced a price cut ranging from Rs 2.6 lakh to over Rs 7.8 lakh in its vehicles in India across models to pass on the benefits of the GST rate cut on automobiles. Audi India has revised prices across its product portfolio following the implementation of GST 2.0, the company said in a statement. Subsequently, the benefits to customers range from Rs 2.6 lakh to over Rs 7.8 lakh, depending on the model, it added. Under the new prices, the company's entry SUV Q3 will start at a price of Rs 43.07 lakh, down from Rs 46.14 lakh earlier. Similarly, top top-end SUV Q8 will have a starting price of Rs 1.1 crore, down from Rs 1.18 crore earlier. Prices of other models, such as SUVs Q5 and Q7, along with sedans A4 and A6, have also been reduced. "The updated prices make Audi's range of luxury cars and SUVs more accessible, adding momentum to customer demand ahead of the festive season," the company said.

Much fairer system, better for everyone: Tharoor welcomes GST reforms

Earlier, Congress President Mallikarjun Kharge alleged that US President Donald Trump's "pressure is mounting" and claimed the Union government implemented the GST reforms with elections approaching

From Hyundai to Tata Motors, here's how much cheaper cars get under GST 2.0

Hyundai, Tata Motors, Mahindra, Maruti and Renault have announced steep cuts across cars and CVs, with reductions ranging from ₹30,000 to ₹4.65 lakh from September 22

Stocks to watch today, Sep 8: SpiceJet, TaMo, M&M, Vedanta, BHEL, HFCL

Stocks to watch today, September 8, 2025 | Aurobindo Pharma: USFDA issued 8 procedural observations after inspecting Telangana Unit-XII.