Page 8 - Gst

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

Bata extends GST benefits to customers with 'Price Promise' initiative

Footwear major Bata India on Thursday said it has introduced its Bata Price Promise initiative, extending the benefit of the upcoming GST rate cut on footwear priced below Rs 1,000 to customers ahead of the official September 22 rollout. Under the scheme, prices across Bata outlets reflect a 7 per cent reduction, with the company absorbing the differential to pass on immediate savings to buyers, the company said in a statement. Footwear has seen GST cut from 12 per cent to 5 per cent. Our priority at Bata is to make fashion and comfort accessible to every consumer. By absorbing GST on select footwear, we are ensuring festive shopping starts early, is more affordable, and brings greater joy to our customers, Bata India MD and CEO Gunjan Shah said.

GST rate cut on tyres to bring down vehicle operating costs: ATMA

Automotive Tyre Manufacturers' Association on Thursday said the cut in GST rates on tyres will help bring down vehicle operating costs, which in turn reduces overall logistics expenses in the economy. Welcoming the GST Council's decision to reduce the rate on tyres to 18 per cent from 28 per cent, Automotive Tyre Manufacturers' Association (ATMA) also said the step will make tyres more affordable for users across all segments and contribute positively to road safety by encouraging timely tyre replacement and maintenance. "Lower GST on tyres will translate into more affordable mobility for millions of users - from farmers and small traders to transporters, motorists, and logistics operators. It will also help bring down vehicle operating costs, which in turn reduces overall logistics expenses in the economy," ATMA Chairman Arun Mammen said in a statement. The long-awaited move will make tyres more affordable for users across all segments and contribute positively to road safety by ..

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

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 ...

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

Zero GST on health, life insurance: What the cut from 18% means for you

GST on health, life insurance: From September 22, 2025, individual health and life insurance premiums will no longer attract 18% GST, making policies more affordable for Indian households