Page 17 - Latest Updates on GST Revamp

FMCG companies to benefit as GST slashed to 5% on key daily essentials

GST on FMCG items including soaps, shampoos, biscuits, jams and noodles has been reduced to 5% from 18%, a move expected to spur rural demand and improve liquidity

Sitharaman delivers on PM's Diwali promise: Who are the winners and losers?

From daily staples like milk and paneer to small cars and two-wheelers, the new two-slab GST structure is set to make essentials more affordable while making luxury goods costlier

GST rejig to make entry-level cars cheaper by 8.5%: Crisil Intelligence

Under the new two-slab GST structure, small cars and mid-segment vehicles will see price cuts, while premium two-wheelers may get costlier

Goyal urges industry to pass on GST rate cut benefits to consumers

The industry must pass on to consumers the full benefits of the GST rate reductions, the "biggest ever reform" since India's independence, Union Minister Piyush Goyal said on Thursday. Union Commerce and Industry minister said the GST reforms would boost demand in almost all sectors, supporting the economic growth of the country. He urged the industry to encourage the sale of products made in India in a big way. The minister addressed a joint event of the 2nd edition of India MedTech Expo 2025 and IPHEX 2025, which is the 11th international exhibition on pharma and healthcare. He also spoke at Bharat Nutraverse Expo 2025. Talking about India's growth story, Goyal said the country in the next two years would become the third largest economy. India will grow from a USD 4 trillion economy to a USD 30 trillion economy by 2047. "Yesterday's reform in indirect taxes in GST, coming on the back of several initiatives over the last 11 years, is transformational in nature, significantly ...

GST on hotel rooms under ₹7,500 cut to 5%, Indian travellers to benefit

The GST Council has slashed tax from 12% to 5% on hotel rooms priced below ₹7,500 per night, offering relief to travellers and giving a push to domestic tourism

Why India's GST began with so many slabs and why it's being simplified now

The GST Council has cut slabs from five to two, aiming to reduce compliance costs, simplify taxation, and align India's indirect tax regime with global practice

From cancer drugs to glucometers, patients to save more after GST cuts

GST Council removed tax on 33 life-saving drugs and slashed GST on all medicines and medical devices to 5%, easing treatment costs and improving healthcare access

GST cut makes cars, bikes, tyres cheaper, Diwali comes for Auto Inc

GST Council cut rates on small cars, bikes, SUVs and tyres, slashing levies to 18% and rationalising slabs, a move hailed as transformative for the auto industry

5% GST cut to make salons, gyms and yoga services cheaper from Sept 22

From haircuts to toothpaste, the GST Council's rate cut could ease monthly household budgets, though experts caution benefits may vary depending on service providers

FMCG firms plan to offer more grammage for same price after GST reforms

FMCG players plan to cut prices of large packs and raise grammage in smaller packs as soaps, noodles, coffee, ghee and ice cream get cheaper under new GST rates

Diwali shopping cart reimagined with GST relief on sweets, ACs and SUVs

GST 2.0: From mithai and jewellery to cars and consumer durables, here's what changes for Diwali buyers

Indian coal prices to drop after tax changes, boosting local demand

That could push up domestic consumption at the expense of imports, they said, putting further pressure on already plunging global coal pricesZ

Insurance GST cut to zero: Save ₹2,700 annually on ₹15,000 premium

Zero GST Impact on Insurance: From October, GST on individual health and life insurance premiums drops from 18% to 0%; insurers weigh impact of lost input tax credit

GST cut to lift cement demand, margins; UltraTech, Nuvoco among top picks

GST Council has approved a reduction in rates on cement from 28 per cent to 18 per cent, effective September 22, 2025

GST 2.0 impact: Small cars, tractors to get cheaper ahead of festive sales

Aiming to provide relief to the common man, the government has sharply cut the GST levied on small cars to make them more affordable

Industry must pass on benefits of GST rate cut to consumers: Piyush Goyal

Union Commerce and Industry Minister Piyush Goyal on Thursday described the reduction in GST rates as "game-changing" and the "biggest reform" since independence, as he asked the industry to pass on the full benefit to consumers. The minister said the GST reforms would boost demand in almost all sectors and support the economic growth of the country. He also asked the industry to promote Made in India in a big way. Addressing an event here, the minister said the reduction in GST would benefit every consumer. "Yesterday's reform in indirect taxes in GST, coming on the back of several initiatives over the last 11 years, is transformational in nature, significantly impacting the pharma sector, significantly impacting so many sectors, right from the farmer until our MSMEs," he said. "Every stakeholder in the country, every consumer, stands to benefit," Goyal added. Terming the GST reforms as "game-changing", the minister said the move would play an important role in the months and ye

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

India's underperformance vs global markets about to end: Seshadri Sen

With a GST 2.0-led demand recovery expected in the Indian economy, Seshadri Sen, head of research and strategist at Emkay Global sees the period of stock markets's underperformance coming to an end

Cheaper cement, lower costs: GST cuts could revive affordable housing

GST Council has cut cement tax to 18% and reduced rates on key building materials, easing costs for developers and homebuyers. Experts say the move could revive affordable housing, fuel jobs

QSR stocks rally: Domino's, KFC parent firms soar up to 7% on GST relief

Jubilant FoodWorks' stock rose 4.6 per cent, while Devyani International and Sapphire Foods India rose 4.2 per cent and 7.6 per cent, respectively