Page 6 - Gst

Yamaha Motor announces price cut to pass on GST rate reduction benefit

Two-wheeler maker India Yamaha Motor Pvt Ltd on Tuesday announced a price cut of up to Rs 17,581 across models to pass on benefits of GST rate reduction. The company will extend the complete benefit of the recent GST revision on two-wheelers to its customers, effective September 22, 2025, when the revised rates come into effect, India Yamaha Motor (IYM) said in a statement. Under the revised prices, the R15 model will cost Rs 1,94,439, down from Rs 2,12,020 currently. On the other hand, price of RayZR model will be reduced by Rs 7,759 to Rs 86,001 from Rs 93,760 at present. Welcoming the reduction in GST rates, Yamaha Motor India Group Chairman Itaru Otani said, "We would like to thank the Government of India for the timely reduction in GST on two-wheelers. This step will provide a strong boost to the two-wheeler demand during the festive season." By making two-wheelers more affordable, he said it will not only benefit customers directly but also stimulate overall consumption and

GST revamp: Will reduce prices of ICE vehicles, says TVS CEO Radhakrishnan

TVS Motor Company on Monday said it will pass on the full benefit of the GST rate reduction to customers across its internal combustion engine portfolio. With the GST Council reducing GST rates on ICE vehicles from 28 per cent to 18 per cent, there will be significant savings on the company's products, TVS Motor Co said in a statement without divulging details. Electric vehicles remain unaffected and continue to enjoy the concessional rate of 5 per cent GST. The benefits will be available to customers starting September 22, 2025, it added. "The GST rate rationalisation is a bold and transformative move that will accelerate consumption across society...We will pass on the full benefit of GST rate reduction to customers across our ICE portfolio," TVS Motor Company Director & CEO, KN Radhakrishnan said. Further, the company said it will be undertaking extensive communication measures to apprise customers of the benefits accruing from GST rate reductions.

PM Modi attends workshop for BJP MPs, resolution on GST reforms passed

Prime Minister Narendra Modi on Sunday attended a workshop for BJP MPs where a resolution was passed lauding the government for the GST reforms ahead of the party's nationwide outreach to highlight its benefits. Modi remained in the midst of the MPs and attended different sessions on the first day of the "Sansad Karyashala". Sources said the prime minister gave suggestions and shared his views while attending meetings of MPs divided into different groups. In a meeting in which members of a few parliamentary committees were combined, he asked them to take active participation in discussions and in reading and preparing reports. Union Parliamentary Affairs Minister Kiren Rijiju said MPs from the BJP's allies will also join the meeting on Monday, and Modi will address the ruling alliance members. NDA MPs are also likely to participate in a mock polling exercise in preparation for the September 9 vice presidential election. Leading party leaders, including Union ministers Amit Shah,

GST rate cut for dairy, agricultural inputs to benefit 10 crore farmers

The GST rate cuts across dairy products, agricultural inputs, and food processing items will directly benefit over 10 crore dairy farmers and strengthen the cooperative sector, Ministry of Cooperation said on Saturday. The GST restructuring addresses the inverted duty structure in fertiliser manufacturing and is expected to prevent price rise for farmers while ensuring timely availability of inputs during sowing seasons, the ministry said in a statement. For dairy farmers, the exemption on milk and paneer, combined with reduced rates on processing equipment, is likely to improve margins for both individual farmers and dairy cooperatives. Major dairy brands including Amul have welcomed the announcement. The reduction in tractor and component prices will particularly benefit small farmers engaged in mixed farming and animal husbandry, as these tractors are commonly used for fodder cultivation and farm produce transportation. The moves are designed to stimulate demand in semi-urban an

GST reforms to make life easier for both businesses, consumers: Sitharaman

Finance Minister Nirmala Sitharaman said GST reforms include faster refunds, easier registrations and lower tax rates on nearly 400 products, benefiting 140 crore people

This round of tax reforms can be termed 'MGGA - Making GST Great Again'

To ensure the 56th GST Council is remembered as the most transformative since 2017, the proposed changes must be implemented in spirit, and what must happen next for promises to become policy

Experts welcome GST Council move to ease post-sale discount disputes

GST Council amends rules on post-sale discounts to allow credit notes without invoice linkage, a change experts say will reduce litigation and benefit businesses

Tata Motors to cut passenger vehicle prices by up to ₹1.45 lakh from Sep 22

Tata Motors on Friday said it will cut passenger vehicle prices ranging between Rs 75,000 and Rs 1.45 lakh effective September 22 to pass on the full benefit of GST reduction to customers. The Mumbai-based auto major said that its small car Tiago will see a price drop of Rs 75,000, Tigor Rs 80,000, and Altroz Rs 1.10 lakh. Similarly, the price of compact SUV Punch will come down by Rs 85,000 and that of Nexon by Rs 1.55 lakh. Mid-sized model Curvv would also see a price cut of Rs 65,000, Tata Motors said in a statement. Prices of company's premium SUVs - Harrier and Safari, wll see a price reduction of 1.4 lakh and Rs 1.45 lakh respectively, it added. "In line with the Hon'ble Prime Minister's vision, the Hon'ble Finance Minister's intent and our Customer First philosophy, Tata Motors will fully honour the intent and spirit of this reform by passing on the entire benefit of the reduction in GST to our customers," Tata Motors Passenger Vehicles MD Shailesh Chandra said. The reduct

GST cut on agri inputs to lower cultivation costs, boost farmers' incomes

The GST reduction on agricultural inputs and machinery could lower farmers' cultivation costs, boosting incomes, while also making seafood products more affordable for domestic consumers

GST cut to boost FMCG demand; Britannia, Nestle among top Nomura picks

The GST Council has the rates on several staple and essential categories from 18 per cent to 5 per cent

GST rate cut proves to be a mixed bag for travel, hospitality sector

Hotel rooms under ₹7,500 move to 5% slab, will bolster midscale segment

GST revamp a growth reform, says Motilal Oswal; M&M, HUL among top bets

According to Motilal Oswal Financial Services, this measure could trigger a positive shift in Indian equities, which have underperformed over the past year

GST revamp: Motorcycle may become ₹5,000-15,000 cheaper, says Bajaj Auto

Rakesh Sharma said there are multiple other drivers of conversion to electric vehicles, including operating economics, convenience, freedom from the monthly fuel budget and improved technology

From complexity to clarity: GST Council ushers in a new era of tax reforms

The shift from four slabs to a leaner two-tier structure 5% for merit goods and 18% for standard goods, with 40% for sin and luxury items is the most far-reaching change since GST's inception

Industry will pass on GST benefits to consumers, says Piyush Goyal

Commerce Minister Piyush Goyal confirms that industries will pass on the benefits of GST rate reductions to consumers and discusses plans to boost exports amid US tariff challenges

Banks betting on festive season, GST cut to boost credit growth in H2FY26

Banks are launching attractive loan offers, with credit growth expected to rise during the festive season and after GST cuts. Retail lending is set for significant growth in H2 FY25

Early GST euphoria gives way to mkt fatigue amid tariff, earnings worries

The BSE Sensex, after rising as much as 889 points (1.1 per cent) during the day, closed at 80,718 - up 150 points, or 0.2 per cent

New GST rates: Bikes over 350 cc may see sales rush till September 22

The GST rate hike on motorcycles above 350 cc to 40% may lead to a sales spike before September 22 but could affect long-term plans of premium manufacturers like Bajaj Auto, Hero MotoCorp, TVS Motor

GST reforms to strengthen clean-energy transition: Environment minister

Union Environment Minister Bhupender Yadav on Thursday described the government's overhaul of the Goods and Services Tax (GST) as a "historic Diwali gift" that will strengthen India's clean-energy transition. In a post on X, Yadav said, "The GST rationalisation ensures that renewable energy remains the backbone of India's climate strategy." In another post, he termed the move "GST Reforms for a Green India" and said it would help advance clean and green power adoption, improve waste management, lower emissions and protect ecosystems, while maintaining fiscal balance. A steady adoption of solar, wind and waste-to-energy projects is critical for meeting India's Net Zero 2070 pledge and Nationally Determined Contributions (NDCs) under the Paris Agreement, he added. The reforms, announced on Wednesday, include tax cuts on solar panels, wind turbines and related devices to reduce project costs and support domestic manufacturing, lower GST rates on effluent treatment services to boost ..

GST rate cut on cement to boost infrastructure and improve viability

Experts predict that the GST cut on cement from 28% to 18% will boost infrastructure project viability, encourage PPP participation, and enhance the sector's competitiveness