Page 2 - Latest Updates on GST Revamp

GST fast-track registration scheme triggers spike in automatic approvals

142,000 applications cleared in 15 days

GST boost fuelling growth; private capex showing spark: HDFC Bank

NIMs could improve going forward for the bank as borrowings are replaced by deposits and deposits get repriced downwards

Stellantis India CEO says GST 2.0 to push car industry growth to 5%

The passenger car industry is expected to log over 5 per cent volume growth, driven by the recent GST 2.0 reforms, which have particularly boosted the demand for small cars, a top Stellantis India official has said. Stellantis India, which operates two brands -- Jeep and Citroen -- in the country and has three manufacturing facilities in India, including the Hosur powertrain and gearbox plant, also said it is eyeing an over four-fold jump in exports to Rs 10,000 crore next year, in component exports, from Rs 4,000 crore. Hosur facility, along with the one in Bengaluru, churns out up to 3.74 gearboxes and 3 lakh engines per annum is serving as a key pillar Stellantis global business. Prior to the GST 2.0 reforms, there was hardly any growth in car sales, Shailesh Hazela, Managing Director and CEO at Stellantis India, said, adding, "But with GST, the growth percentage will be more than 5 per cent for the auto (industry)." Stating that automobiles' demand went up in the last eight day

GST reforms expected to ignite animal spirits in financial sector: DEA secy

Recent uncertainties created by global tariffs have not impacted the Indian economy severely, she said

GST 2.0, customs reforms to boost Indo-Japan auto ties and EV push: Report

Significant regulatory transformations such as GST 2.0 and progressive customs reforms are likely to accelerate investment flows, promote EV adoption, and drive the next wave of Indo-Japan collaboration in clean mobility and advanced manufacturing, according to a report. With USD 43.3 billion in cumulative investments, Japan is India's fifth-largest foreign investor. A deeper utilisation of the Indo-Japan FTA will be key to driving competitiveness, enabling technology transfer, and advancing India's journey toward a sustainable, innovation-led automotive future, Grant Thornton Bharat and the Indo-Japan Chamber of Commerce and Industry (IJCCI) said in a joint whitepaper. "The convergence of GST 2.0 and targeted customs incentives marks a defining moment for India's automotive sector. Reduced tax rates, simplified compliance, and supply-chain-focused exemptions will not only elevate India's cost competitiveness but also strengthen its positioning as a manufacturing and export hub for .

Restore APM allocation for CNG sector, include gas under GST regime: Panel

To boost natural gas adoption, a PNGRB expert panel has recommended restoring APM gas allocation for CNG, including gas under GST, and recognising it as a cleaner fuel in the scrappage policy

Pent-up demand boosted retail health insurance segment in October

According to data released by the General Insurance Council, standalone health insurers (SAHI) reported 38.3 per cent Y-o-Y growth in premiums for October, reaching ₹3,738.34 crore

Emami Q2 profit drops 30% on GST disruption, rain impact on sales

FMCG major Emami posted a 30.2% YoY fall in Q2 profit to Rs 148.35 crore, hit by temporary trade disruption from GST rate changes and heavy rains affecting key product categories

Notebook makers raise GST concerns, warn of rising costs and import surge

The All India Notebook Manufacturers Association has urged the government to address GST anomalies that are pushing up raw material costs and could lead to cheaper imports from ASEAN countries

GST 2.0, festival cheer drove record vehicle sales in October: Fada

Festivals also contribute to the rise in overall automobile retail sales, says dealers association

After September high, e-way bills soften 4% to 126.85 million in October

Tax experts said the month-on-month moderation in October may also reflect transitional business responses that have been observed since the GST-2 rate rationalization exercise of September 20222

Smaller SUVs to see fastest growth after GST rate cut: Skoda's Ashish Gupta

Biggest sales advantage is in the sub 4-metre segment, says Ashish Gupta

GST collections dip in 20 of 36 states and Union Territories in October

Twenty of India's 36 states and UTs saw GST revenue decline in October 2025 - the weakest month of FY26 - as businesses adjusted to the GST 2.0 rate cuts implemented in late September

Privatising PSBs won't impede financial inclusion, says FM Sitharaman

Finance Minister Nirmala Sitharaman said India's next set of customs reforms is in progress after GST, adding that the country is on track to meet its fiscal goals and become a top-three economy soon

Health, motor insurance policy sales jump on GST exemption, festival cheer

The GST exemption on insurance and festive demand have driven strong growth in health, motor segments, with ICICI Lombard, SBI General, Star Health reporting sharp upticks in sales, premium collection

India's festival spending jumps to $68 bn after GST cuts as demand rises

Spending between Sept 22 and Oct 21 - the period between the Hindu festivals of Navratri and Diwali - increased 8.5 per cent from the same time last year

GST 2.0 drives two-wheeler owners to car showrooms, boosts Maruti

GST 2.0 price cuts are bringing a new set of first-time car buyers into Maruti showrooms, with small car bookings rising sharply and a focused campaign launched to ease financing

India's GST collection increases 4.6% to ₹1.96 trillion in October

In August and September, collections were relatively subdued at ₹1.86 trillion and ₹1.89 trillion, respectively

GST waiver alone not enough to deepen penetration, say insurers

Insurers say the GST exemption will make policies cheaper and spur demand, but awareness, innovation, and efficiency are key to improving India's insurance penetration

As insurance regulator, I have an open mind: Irdai Chairman Ajay Seth

IRDAI chief outlines priorities on GST reforms, capital efficiency, Bima Sugam rollout, and risk-based supervision, promising orderly growth and stronger policyholder protection