GST Rate Cut Live: Industry Should Pass Benefits To Consumers
Private sector should see greater capacity utilization, said Sanjiv Bajaj, Chairman, CII Reforms Committee. He further added that the industry should pass on the benefits to the consumers.
GST Rate Cut Live: PM Modi Confident GST 2.0 Will Boost Economy Amid Tariff Shadow
Prime Minister Narendra Modi called the recent GST reforms announced by Finance Minister Nirmala Sitharaman as 'double dhamaka' that will help boost India's economy amid the ongoing tariff scuffle.
"Actually, these reforms are a double dose of support and growth for the country. On one hand, common people of the country will save money, and the country's economy will be strengthened...," he said while Interacting with the National Awardee Teachers in Delhi ahead of Teachers Day.
GST Rate Cut Live: Reforms Making Travel More Accessible, Says DreamFolks CMD
“By reducing GST on hotel stays under Rs 7,500 and ensuring affordability in economy air travel, the government has made travel more accessible, particularly for India’s growing middle class. This democratization of travel will not only empower millions to explore, connect, and spend more confidently but will also act as a catalyst for the wider ecosystem of hospitality, tourism, and lifestyle services,” said Liberatha Kallat, CMD, DreamFolks.
GST Rate Cut Live: Reform To Reshape Insurance Landscape And Accelerate Penetration: Star Health
"This reform will reshape the insurance landscape, accelerating penetration, driving higher renewal rates, building deeper customer loyalty and a critical catalyst for future growth. This sets the stage for an era of enhanced insurance penetration which has remained critically low, making coverage more affordable and accessible, and bringing us closer to the IRDAI's vision of ‘Insurance for All by 2047," said Anand Roy, Star Health and Allied Insurance on the recent development.
GST Rate Cut Live: Every State Was Supportive Of Exempting Insurance From GST
Every state was supportive of exempting insurance from GST, said Minister for women and child development, Government of Maharashtra, Member of GST council.
However, states including Maharashtra still ascertaining what the fiscal impact will be, she told NDTV Profit.
GST Rate Cut Live: FADA Expects Strong Demand From GST Reforms
FADA is expecting strong demand from the recent GST reforms. While clarity on compensation cess is still awaited, smaller cars will now be much more attractive followed by GST reforms.
GST Rate Cut Live: JM Financials Expects Impact Of Reforms To Be Seen From Q3
The impact of reforms will be seen from the third quarter, JM Financials told NDTV Profit. While they are overweight on Automobiles, Nykaa and Eternal, they expect Infrastructure, Defence and Power utilities to be derated.
GST Rate Cut Live: GST Reform Big Move Post Trump's 50% Tariff
Amitabh Kant, Former CEO of the NITI Aayog told NDTV that GST reform is a landmark move and it is a major thrust to consumption, which was suffering earlier as a consequence of Covid.
A need for tax regime simplification was also required; demand will lead to greater capacity utilisation and hence boost investment, he further added.
Kant also said, GST reform to lead to a large number of jobs in the textile sector, mainly in the manmade sector.
"The fact that we have replaced a vast number of taxes and cesses with one tax is a big reform; it is a great administrative move forward. In the context of the tariff imposed by Trump, this is a big dynamic move", Kant said
The 50% Tariff is a big opportunity for India to reform itself; its perfect timing in terms of the festive season as well, will bring forward a consumer boom, he further added.
"Still need to do many many more things, including labour reforms and further rate cuts, needs to create more jobs in the manufacturing and urban sector", Kant explained.
He further added that, long term consumtpion can not just rely on GST, it needs to come from jobs which will come from a mega boost to manufacturing and all this will require reforms on a constant basis over a long period of time
India needs progressive urbanisation, manufacturing is getting a push from governemnt but challenegs still persist, energy and logisitics sector still in need of reform and SLR rates are still needed to come down, Kant said.
GST Rate Cut Live: See Nearly Rs 50,000 Reduction On Car Costings Says RC Bhargava
Maruti Suzuki India Chairman RC Bhargava said that there is likely to be nearly Rs 50,000 reduction in car costing. GST coupled with income tax relief will put more money into consumers' hand.
Maruti Suzuki India's 30% portfolio will face 40% GST. Electric vehicles are in a different category with 5% GST rate which is attractive, he said.
Maruti Suzuki India expects growth rate of small cars to be at 10% per years, he said.
GST Cut Price Puzzle: Will Flipkart Big Billion Days, Amazon Great Indian Festival Attract Better Deals?
Most Indians now know the drill when it comes to the adrenaline of price drops during festive sales. The run up to these sales have had quite an exciting run up to it this year, given the GST cut that's come in.
The rate cut move has promised lower prices, but there's a crucial catch. Given the timing of the mega sales and the start date of the rate cut, the question is if the benefits will set in for the sales.
GST Rate Cut Live: Markets Need Time To Digest GST Reform
Raamdeo Agarwal says market will need time to digest the magnitude of GST reform.
He further added that, GST reforms have attempted to simplify the overall tax structure and that finance minister and government are aiming for credit flow to increase.
"We have credit flow due to CRR cut and now GST cut will also increase the liquidity and credit flow", he told NDTV Profit
Inflation, which is the main concern of Indian economy is well under control, Agarwal said.
"We will see a bumper second half and good monsoon," he remarked.
The biggest impact will be on auto sector as 50% of manufacturing comes from this sector Agarwal said and quoted an auto dealer saying, "Won't be able to match the demand due to GST cut"
"Enough competition among banks to ensure credit growth", he furth added that "banks will play a key role in GST revamp."
Government needs to make sure that there is enough credit flow and power of Rupee will keep increasing as the taxes are reduced, Agarwal told NDTV Profit.
Read more about it here.
GST Rate Cut Live: 60% ICE Portfolio Now Under 18% Rate Says Hyundai MD
The GST overhaul will directly benefit the automotive sector said Unsoo Kim, Managing Director, Hyundai Motor India
He further added that, "60% of our ICE portfolio will now fall under the 18% slab rate, with the remainder at 40%."
The announced reforms align seamlessly with the Government’s commitment to Viksit Bharat and the Make in India initiative, he said.
This will encourage domestic manufacturing and boosting demand across both urban and rural markets, Kim added.
GST Rate Cut Live: Low Rate For EVs A Welcome Step Says Audi India Head
GST simplification as a step in the right direction, one that supports industry growth and helps expand the market. It also enhances transparency and aligns with India’s economic vision, said Balbir Singh Dhillon, Head of Audi India
He further added that, the GST Council’s move to retain a low rate for EVs is a welcome step; this brings much-needed clarity and "makes our portfolio more accessible to our discerning buyers."
GST Rate Cut Live: Will Ensure GST Cut Benefits Passed To Consumers Says Godrej CFO
GST overhaul is a positive trigger for demand and and strong driver of volume growth. This move will ultimately contribute to overall economic momentum. "We are fully committed to ensuring that the GST rates reduction benefits are passed on to consumers", said Aasif Malbari, Chief Financial Officer, Godrej Consumer Products Ltd.
GST Rate Cut Live: Relief On Cement Lowers Input Cost For Developers
The rate cut from 28% to 18% on cement, and from 12% to 5% on construction and finishing materials, is a strategic move. It will significantly ease project costs for developers and boost affordability for homebuyers. For developers, this relief lowers input costs and strengthens project viability, said says Venkatesh Gopalakrishnan, Director Group Promoter’s Office, MD, Shapoorji Pallonji Real Estate
He further added that, industry voices estimate that overall construction costs could decline up to 5%. This offers scope for improved margins, as well as better pricing for end-users.
GST Rate Cut Live: LIC India Says GST 2.0 Set To Make Insurance More Affordable
GST Rate Cut Live: Higher Disposable Income To Boost Demand
Santosh Iyer, the Managing Director and CEO of Mercedes-Benz India, states that higher disposable income will boost the capacity of paying higher EMIs. He also notes that there is a lot of inventory sitting at different tax slabs.
Iyer expects a strong uptick in demand, with new customers likely to enter the luxury car market.
Despite luxury cars sitting in the highest possible tax bracket in GST 2.0, Iyer has said the current GST reforms are a step in the right direction.
GST Rate Cut Live: President Murmu's Car Exempt From GST
The GST Council has granted an exemption from Integrated GST and compensation cess for the new inclong BMW car for President Droupadi Murmu. The Rs 3.66 crore armoured sedan will replace the existing Mercedes-Benz S600 Pullman Limousine, and the tax waiver is because of the unique nature of the vehicle.
Read more about it here
GST Rate Cut Live: Chapati vs Pizza Which Got Cheaper
The GST reform has reduced rates for pizza, pasta, chapati and even paratha. From Sept 22, there will be no GST charged on chapatis, parathas and pizza breads, which could significantly reduce the bills on fast-food outlets such as Domino's and Pizza Hut. In fact, all Indian breads will be exempted from GST. This compares to an earlier GST of 5%
Read more about it here
GST Rate Cut Live: Credit Demand To Increase Substantially
Umesh Revankar of Shriram Finance anticipates a substantial increase in credit demand following the implementation of GST 2.0. He notes that last year's increase in the cost of vehicles and other items has kept many consumers on the fence about making a purchase, and he believes a rate cut will provide the necessary nudge for them to act.
The upcoming festival period is also expected to boost demand, which in turn will raise the need for financing. Revankar sees this as a cumulative demand boost, and as a result, he expects a credit growth slightly higher than their initial 15% guidance, as hyper economic activity should further aid credit demand.
GST Rate Cut Live: Green Spread Across Nifty, Sensex
Nifty, Sensex rise as GST reforms spark demand revival hope; M&M, Bajaj Finance top gainers
Track live updates here
GST Rate Cut Live: Renwed Optimism Among Brokerages For FMCG Post GST 2.0
The common consensus among leading brokerages is that by lowering GST rates on a wide range of goods, the government is shifting focus from capex-led growth to economic stimulation via demand. The new rates are expected to put more disposal income in the hands of consumers, leading.
Read more about it here
GST Rate Cut Live: Apparel Stock Surge Higher
Most apparel stocks were trading higher on Thursday led by Trent Ltd., and Arvind Fashion Ltd., after the Goods and Services Tax council approved lowering the GST rate on footwear and apparel priced up to Rs 2,500 to 5%.
Read more about it here
GST Rate Cut Live: Madhusudan Kela Says GST Overhaul To Boost Demand
Madhusudan Kela, founder MK Ventures said on GST 2.0:
This is a landmark move for the country
This has a significant impact for boosting demand
Government seem to be in a determined mood to do a lot more
Government has been very proactive in tackling difficult situations like tariffs and take measures to spur growth
If government continues the path of deregulation and ease of business this will lead to even higher growth
FPI Flows base is very high of almost $800 billion and a $5 billion sale by FPI investors should not concern us
If dollar weakens and tariff issue gets resolved, expect the flows to increase in India
GST News Live: Going For An IPL Match Just Got More Expensive
As part of the government's sweeping changes to Goods and Services tax rates, sporting events such as the Indian Premier League and Pro Kabaddi League is set to attract tax slab of 40%, up from 28% earlier.
This puts IPL in the highest GST slab, on par with sin goods including tobacco products like cigarettes, pan masala as well as casino, race clubs and other luxury events.
This means watching an IPL game at a stadium is set to get significantly more expensive for cricketing fans across the country.
GST Rate Cut Live: Consumer Durbale Stocks See Uptick
Shares of consumption sector companies such as Hindustan Unilever Ltd., Colgate Palmolve India Ltd. and Dabur India Ltd. after the Goods and Services Tax Council slashed rates on an array of food items, including packaged namkeens, instant noodles, chocolates, and coffee, from either 12% or 18% to a uniform 5%.
Read more about it here
GST Rate Cut Live: Cement Stock Buzz
ACC Ltd., Ambuja Cement Ltd., and UltraTech Cement Ltd. share prices jumped in Thursday's session as the Goods and Services Tax on cement fell to 18% from 28%. The latest rate revision was part of the GST reforms which will come into effect from Sept 22.
Read more about it here
GST Rate Cut Live: GST Rate Cut Is Long Term In Nature
GST 2.0 is a fundamental shift for the auto sector, stated Rajesh Jejurikar, Executive Director and CEO (Auto and Farm Sector) at Mahindra & Mahindra Ltd. He emphasised that electric vehicles now account for 8% of all models sold by the company, and that the new GST on EVs, without any caveats, is a major positive for the sector. Jejurikar added that this move is more long-term in nature, suggesting a lasting impact on the industry.
GST Rate Cut Live: Auto Stocks Zoom Post GST Overhaul
Most auto stocks rallied on Sept. 4, led by Escorts Kubota Ltd., Mahindra And Mahindra Ltd. and Eicher Motors Ltd., after the Goods and Services Tax Council, chaired by Finance Minister Nirmala Sitharaman on Wednesday declared a new tax scheme.
Read more about it here
GST Rate : ACs Top Selling Category During Festive Season
B. Thiagarajan, Managing Director of Blue Star said the air conditioning industry had been campaigning to bring the GST rate for 5-star ACs down to 18%.
While he noted that ACs are a top-selling category during the festive season, he also stated that the industry was not expecting the rate reduction to apply to all AC models.
However he noted that, the current GST rate cut slash from 28% to 18% on air conditioners will likley bring in a demand uptick in terms of value in as well as volume.
GST Rate Cut Live: Tractor Prices To Come Down To Rs 40k-60k
Escorts Kubota's Whole-Time Director, CFO Bharat Madan said that GST rate cut from 12% to 5% on tractors will bring down the cost per vehicle between Rs 40,000 to Rs 60,000
The sector will likely see some disruption due to Input tax credit benefit amongst others but very positive overall and the entire benefit will get passed on to the consumers, he added.
Madan also said that the rural market has done well over past few months and this move will boost demand further, he added.
GST Rate Cut Live: GST Cut Likely To Lower Construction Cost
Government is going to be very strict on profiteering and it is expected from all players to pass on GST Cut impact to consumer starting September 22, says Sandip Ghose, MD, Birla Corporation.
GST Rate Cut Live: GST 2.0 To Cost This Much To Governemnt
The sweeping changes to GST rates will only lead to a Rs 18,000 crore fiscal burden for the centre, as per Bernstein's analysis. This number amounts to only 0.05% of India's FY26 GDP value.
Read more about it here
GST Rate Cut Live: India Inc Welcomes The GST Overhaul
The GST Council on Wednesday approved limiting slabs to 5% and 18%, effective from Sept. 22. India Inc reacted positively to this change with Anand Mahindra, Chairman, Mahindra Group saying, "We have now joined the battle. More and faster reforms are the surest way to unleash consumption and investment."
Read how other have reacted it here
GST Rate Cut Live: Insurance Sector Soars
Shares of life and health insurance companies soared von Thursday after the Goods and Services Tax Council exempted insurance premiums from levies. The insurance services are currently under 18% rate.
Read more about it here
GST Rate Cut: Nifty, Sensex Open Over 1% Higher
Benchmark indices have opened higher driven by massive reforms in GST 2.0. Both Sensex and Nifty 50 opened over 1% higher at 81,456.67 and 24, 980.75 respectively.
GST Rate Cut Live: Consumer Durables Set To Become Cheaper
GST has been reduced from 28% to 18% on air conditioners, TVs of 32 inch and dishwashing machines.
GST Rate Cut Live: 'No Free Lunch' For Anyone Says Pranjul Bhandari
While GST tax cuts may seem like a free lunch for consumers ahead of festivities, Pranjul Bhandari the chief India economist at HSBC, has flagged uncertainties. According to her, the true impact hinges on manufacturers passing on benefits and the government compensating revenue losses.
She said that "there is no free lunch here, somebody benefits and somebody loses. I think we have to be mindful of that at this point of time." This encapsulates her view, that while ''a festive-season tax cut is great, but there are factors to be cautious about''.
GST Rate Cut Live: Household Confidence To Drive Tax Benefit
With GST cuts, the implicit assumption is that money in the hands of the households has more multiplier effect (on the economy) than government spending, Samiran Chakraborty, chief economist - India at Citibank, told NDTV Profit.
"Out of this tax benefit, how much will be saved and spent. This will based on houselold confidence in saving versus spending," he said.
GST Rate Cut Live: NIL GST On Roti, Paratha
GST Rate Cut Live: GST Increased To 18% On Coal
Coal, which previously attracted 5%, will now be taxed at 18%, raising costs for coal-based industries.
GST Rate Cut Live: Experts React To GST 2.0
The positive impact of reduction in Goods and Services Tax announced by the government on the Indian economy will be guided by household confidence and which way the consumer leans in the 'save versus spend' pole, experts said.
Read more about it here
GST Rate Cut Live: What GST Exemption On Insurance Means
Complete GST exemption on health and life insurance as opposed to earlier it was 18% GST on life & health insurance premiums for individuals.
But a full exemption means insurance companies will have to bear GST on input services they receive.
Apart from that insurance companies also avail various services like commission payments etc, for these they could earlier use GST paid for input services against GST to be paid to Governemnt.
Now, this entire amount will now be a cost.
GST Rate Cut Live: 5% GST On All Medicines And Drugs
Apart from complete GST exemption on 33 essential drugs, GST has been reduced from 12% to 5% on all other drugs and medicines.
GST Rate Cut Live: New Rates To Come Into Effect From This Date
GST Council recommends GST rates on services will be implemented with effect from 22nd September 2025.
GST Rate Cut Live: Top 10 FAQs On Tax Cuts Answered
GST Council on Wednesday decided on proposals including restructuring tax slabs from four at present to only two — 5% and 18%.The Ministry of Finance has released a list of frequently asked questions following the 56th GST Council meeting.
Read on them here
GST Rate Cut Live: Pay Less For Gym, Yoga Centres
GST has been reduced from 18% to 5% on beauty and physical well-being services used by common man including services of gyms, salons, barbers, yoga centres, etc.
GST Rate Cut Live: Boost For Consumtpion Sector
GST rate cut from 12%-18% to 5% on dairy, packaged foods, Loose paneer/ pizza bread, Confectionery, Bakery Products, Toothpaste, Frozen Desserts, Breakfast Cereals will give a boost to consumtion.
Positive for Britannia, Heritage Foods, Dodla Dairy, Nestle, Parag Milk, Tata Consumer, Bikaji, Gopal Snacks, HUL, Dabur, Colgate
GST Rate Cut Live: 40% Tax On Aerated Drinks, Biddi, Zarda, Etc
The highest GST slab of 40% will be applied to sin goods and premium items, such as luxury vehicles including yacht and helicopter.
Sitharaman clarified that the 40% rate will specifically apply to pan masala, cigarettes, gutka, chewing tobacco products like zarda, unmanufactured tobacco, and bidis.
Additionally, aerated drinks containing added sugar or sweeteners, flavoured or caffeinated beverages, carbonated fruit drinks, and similar non-alcoholic beverages (except those taxed at lower rates) will also fall under this 40% slab.
GST Rate Cut Live: List Of Medicine Exempt From GST
The healthcare sector benefits from zero GST on 33 essential medicines, alongside reduced rates of 5% on a wide range of medical equipment, diagnostic kits, and surgical devices.
Onasemnogene abeparvovec - SMA
Asciminib - Blood Cancer
Mepolizumab - Asthma
Pegylated Liposomal Irinotecan - Pancreatic Cancer
Daratumumab - Cancer
Daratumumab subcutaneous - Cancer
Teclistamab - Blood Cancer
Amivantamab - Lung Cancer
Alectinib - Lung Cancer
Risdiplam - SMA
Obinutuzumab - Blood Cancer
Polatuzumab vedotin - Blood Cancer
Entrectinib - Cancer
Atezolizumab - Cancer
Spesolimab - GPP flares
Velaglucerase Alpha - Gaucher
Agalsidase Alfa - Fabry disease
Rurioctocog Alpha Pegol - Hemophilia
Idursulphatase - Type II Mucopolysaccharidosis
Alglucosidase Alfa - Pompe
Laronidase - Type I Mucopolysaccharidosis
Olipudase Alfa - ASMD
Tepotinib - Lung Cancer
Avelumab - Cancer
Emicizumab - Hemophilia
Belumosudil - cGVHD
Miglustat - Gaucher
Velmanase Alfa - Alpha-mannosidosis
Alirocumab - Cholesterol lowering drug
Evolocumab - Cholesterol lowering drug
Cystamine Bitartrate - Cystagon
CI-Inhibitor injection - Hereditary Angioedema
Inclisiran - Cholesterol lowering drug
Agalsidase Beta - Fabry disease
Imiglucerase - Gaucher
Eptacog alfa activated recombinant coagulation factor VIIa - Hemophilia
GST Rate Cut Live: GST Slashed On Small Cars To 18%
In the automobile sector, GST on small cars and motorcycles under 350cc has been cut from 28% to 18%.
Three-wheelers and auto parts will now be uniformly taxed at 18%, while buses, ambulances, and trucks will also benefit from lower rates.
Electric vehicles (EVs) will continue to enjoy the existing concessional GST rate of 5%, with no changes announced.
GST Rate Cut Live: Insurance Now GST Free
As the outcome of GST Council meet, Finance Minister in a major win for the middle class announced GST exemption on individual life and health insurance policies—including ULIPs, term life, and family floater plans. This move is expected to ease household expenses and boost insurance penetration nationwide
GST Rate Cut Live: Changes On Cement Sector
GST rate on cement sector has been brought down from 28% to 18%.
GST Rate Cut Live: From Four Slabs To Two Slabs
The GST council has also approved a two-tier rate structure of 5% and 18%, replacing the existing four major slabs — 5%, 12%, 18%, and 28%.
"We are simplifying registration, return filing and refunds. We are making reforms with a focus on the common man," said Sitharaman during the press briefing.
Read more about it here
GST Rate Cut Live: Slashes Made Across Segments
In a major pre-festive bonanza, taxes on a wide array of goods from household staples and life-saving medicines to small cars and consumer appliances will be significantly reduced starting September 22.
Read more on it here
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