Page 3 - Gst2.0

Stock Market Close: Sensex adds 324 pts, Nifty at 24,973; IT, PSBs shares outperform; auto falls

Sensex Today | Stock Market Highlights: Among the broader markets, the Nifty Midcap 100 and Nifty Smallcap 100 indices settled with gains of 0.83 per cent and 0.73 per cent, respectively

Skoda, Volkswagen to cut prices to pass on full GST revamp benefits

Skoda Auto India on Wednesday said it will cut prices across its entire product portfolio by up to Rs 3.3 lakh to pass on the full GST reduction benefits to customers. Effective September 22, the price of Kodiaq SUV will be reduced by up to Rs 3,28,267, while that of compact SUV Kylaq by up to Rs 1,19,295. Similarly, SUV Kushaq will see a price reduction of up to Rs 65,828, while that of sedan Slavia by up to Rs 63,207, the company said in a statement. "The revised and simplified GST structure is a welcome step by the government of India, that works in favour of both the industry and our customers," Skoda Auto India Brand Director Ashish Gupta said. By improving accessibility in the volume segment and bringing clarity to the premium space, it gives buyers greater value in their purchase decisions, he added. "For us, this means our products are available at even more attractive prices, allowing the brand to reach a wider audience...," Gupta noted. The company further said is curre

India hoped for 'big' GST reform, received only a revised rate card

India's long-overdue GST cut is hailed by PM Modi as the nation's 'biggest reform', with carmakers cutting prices and asset managers calling it a 'landmark reset', yet markets stay muted

Stock Market Highlights: Sensex ends 314 pts higher, Nifty at 24,869 led by IT shares; Infy jumps 5%

Sensex Today | Stock Market Close, September 9, 2025: The Nifty IT index surged 2.7 per cent on Tuesday led by strong buying in Infosys after the company said it shall consider share buyback.

Need proactive outreach for easy transition to new GST rates: CBIC chief

With the reduced GST rates on 375 items set to be effective from September 22, Central Board of Indirect Taxes and Customs (CBIC) Chief Sanjay Kumar Agarwal has underlined the need for "proactive outreach" by tax officers to handhold trade and industry in navigating the transition smoothly. He said greater awareness will not only minimise confusion but also enable businesses, particularly small traders and MSMEs, to adapt seamlessly and fully benefit from the reforms. The GST Council, in its meeting last week, has approved to make Goods and Services Tax (GST) a two-tier structure of 5 and 18 per cent, with a special rate of 40 per cent on tobacco and related products and ultra-luxury items. The new rates will be effective September 22, barring tobacco and related products, which would continue to be taxed at 28 per cent plus a compensation cess till December 31. Currently, GST is levied in the slabs of 5, 12, 18 and 28 per cent. In his weekly newsletter to tax officers, Agarwal sa

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

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

Auto stocks in fast lane: rally up to 6%; M&M, Ashok Leyland hit new highs

In the past one month, the BSE Auto index has outperformed the market by soaring nearly 15 per cent, as compared to 1.4 per cent gain in BSE Sensex.

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

Best of BS Opinion: India's new-age economy gets a data reset

Today's Opinion pieces explore a new data framework, the Bima Sugam initiative, the real impact of the GST rate cuts, and what the startup ecosystem really needs

Mahindra passes on GST cuts; Tata, Renault follow with price reductions

Automakers slash prices up to ₹1.56 lakh as GST 2.0 rationalises tax slabs, with Mahindra leading the move ahead of the September 22 deadline

Industry body hails agri input GST cuts, seeks similar relief for seeds

The Federation of Seed Industry of India (FSII) on Saturday welcomed the GST Council's decision to slash rates on key agricultural inputs while urging similar relief for the seed sector. The move to cut GST on fertiliser raw materials, bio-pesticides, micronutrients and farm machinery will substantially lower input costs and create economic momentum, the industry body said. "This is a transformative step for Indian agriculture. The government has directly empowered farmers and strengthened the rural economy," said Ajai Rana, FSII Chairman and CEO of Savannah Seeds. However, FSII flagged that similar reforms are overdue for the seed sector. Currently, GST exemption on seeds denies the industry input tax credit (ITC) benefits on most inputs and services. Items like packaging, logistics, warehousing and chemical treatments attract standard GST rates, creating a higher tax burden on seeds versus other agri inputs with concessional rates. The body urged the government to either fully .

Centre may introduce Bill in winter session to replace tobacco GST cess

New levy could follow full repayment of GST compensation loans, keeping overall tax incidence on tobacco products high

GST 2.0: ITC, VST Industries shares fall as Govt eyes extra tobacco tax

Tobacco stocks like ITC, VST and Sinnar Bidi fell up to 5 per cent today after govt signaled an extra GST cess on cigarettes and bidis, raising margin risks. Analysts suggest stock strategy ahead

M&M, Eternal, Muthoot Finance, L&T Finance from BSE 500 hit record highs

CCL Products, GMDC, Zydus Wellness, Anand Rathi Wealth and Syrma SGS Technologies among others from the BSE 500 and Nifty 500 index also registered new all-time highs in Friday's trading session.

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

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

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

Titan stock rallies 11% in one month, outperforms market; more steam left?

ICRA expects Titan's revenue growth and cash accruals to remain healthy, driven by accelerated formalisation of the jewellery retail industry.