GST: News
India's passenger vehicle sales dip by 9% in August
India's passenger vehicle sales witnessed a significant dip of 8.8% in August, according to the Society of Indian Automobile Manufacturers (SIAM).
Businesses get relief as Centre eases Input Tax Credit rules
The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular, relieving businesses from reversing their input tax credit (ITC) when they receive post-sale discounts in the form of financial or commercial credit notes without tax adjustments.
12+ companies eyeing ₹10,000cr through IPOs in coming weeks
More than a dozen companies are planning to launch their initial public offerings (IPOs) in the next two to three weeks. The firms are looking to raise nearly ₹10,000 crore.
GST rate cuts to ease household costs: PwC
The recent revision of Goods and Services Tax (GST) rates is likely to provide some relief to household budgets across India, according to a report by PwC.
GST 2.0: ₹3.49L price cuts on Tata, Mahindra, Toyota SUVs
India's recent Goods and Services Tax (GST) reforms have led to major price cuts on popular SUVs and cars from brands such as Tata, Hyundai, and Toyota.
Centre orders price monitoring of 54 items after GST cut
The Central Board of Indirect Taxes and Customs (CBIC) has ordered a monitoring of the prices of 54 common consumer goods. The move comes in the wake of recent cuts in Goods and Services Tax (GST) rates.
GST 2.0: Medicines to get cheaper from September 22
The Indian government has directed pharma companies to revise the Maximum Retail Price (MRP) of medicines, formulations, and medical devices due to changes in the Goods and Services Tax (GST) regime.
How FMCG firms plan to benefit customers after GST cut
Consumer goods firms have told officials of the Central Board of Indirect Taxes and Customs (CBIC) that they cannot reduce the maximum retail prices (MRPs) for low-value products in line with GST cuts.
GST relief for 2-wheelers could be undone by this regulation
The recent reduction in Goods and Services Tax (GST) rates has brought a wave of relief to the two-wheeler market, with prices dropping by 2-11% across most models.
How to buy insurance without paying GST right now
The GST Council has announced a GST exemption on individual life and health insurance premiums, effective from September 22.
Why CEOs of insurance companies are meeting Finance Ministry today
Top executives from various insurance companies in India are set to meet officials from the Department of Financial Services (DFS) today.
Why LIC seeks rollback of retrospective GST changes
The Life Insurance Council and the Life Insurance Corporation of India (LIC) are likely to write to the Ministry of Finance and the Central Board of Indirect Taxes and Customs (CBIC).
GST rate cuts must be passed to consumers: Piyush Goyal
Union Minister Piyush Goyal has called on industries to pass on the benefits of Goods and Services Tax (GST) rate cuts to consumers.
GST 2.0: Lexus cars get cheaper by a whopping ₹20L
Lexus has announced a major price cut across its entire vehicle lineup in India.
GST 2.0: Audi cars become cheaper by up to ₹7.8L
In a major move, Audi India has announced a price cut across its entire range of vehicles.
5-6% growth in two-wheeler sales expected after GST cut
CRISIL Ratings has predicted a 5-6% growth in two-wheeler sales for the current fiscal year.
Indian firms to witness 7% growth after new GST rates
Indian companies are likely to see a 6-7% growth in their revenues for the financial year 2025-26, thanks to the recent reduction in Goods and Services Tax (GST) rates.
Hyundai cars get cheaper by ₹2.4L after GST reforms
Hyundai Motor India has announced major price cuts on its passenger vehicles, effective September 22, 2025.
GST cut will make Yezdi, Jawa bikes more affordable: Co-founder
Classic Legends, the company behind iconic motorcycle brands Yezdi and Jawa, has welcomed the recent Goods and Services Tax (GST) reforms.
Britannia targets 50% sales from rural markets in 4 years
Britannia Industries, the company behind popular brands like Good Day and Tiger biscuits, is looking to increase its presence in rural markets.
Why GST confusion persists for ride-hailing apps in India
The Goods and Services Tax (GST) Council has imposed an 18% GST on local delivery services provided by e-commerce operators (ECOs), including popular food delivery platforms like Zomato and Swiggy.
How GST reduction on dairy products will aid 10cr farmers
The Indian government recently announced a reduction in Goods and Services Tax (GST) rates on dairy products, agricultural inputs, and food processing items.
Mahindra SUVs get cheaper by ₹1.5L following GST reduction
Mahindra and Mahindra has announced a price cut across its entire internal combustion engine (ICE) SUV range, effective September 6, 2025.
India set for 6.5% growth in FY26: NITI Aayog
India's economy is on track to achieve a 6.5% growth rate in the current fiscal year, despite global challenges and tariff pressures, according to Dr. Arvind Virmani, Member of NITI Aayog.
IPL tickets to get costlier as GST hiked to 40%
The Indian Premier League (IPL) is set to become more expensive for fans next season due to the latest Goods and Services Tax (GST) reforms.
18% GST on coal: Why this move supports Coal India
The Goods and Services Tax (GST) on coal has been increased from 5% to 18%. The decision was taken at the 56th GST Council meeting on Wednesday.
GST rate cut to make consumer goods cheaper
The Goods and Services Tax (GST) Council's recent decision to revise rates under two broad slabs, 5% and 18%, is expected to make a wide range of consumer goods cheaper.
GST 2.0: ITC shares rally as cigarettes face 40% tax
Shares of tobacco companies, including ITC and Godfrey Phillips India, surged on Thursday despite Finance Minister Nirmala Sitharaman announcing a 40% Goods and Services Tax (GST) rate on cigarettes.
How GST 2.0 makes even big and luxury cars cheaper
India's automobile market is set for a major change as the new Goods and Services Tax (GST) 2.0 comes into effect, making small, big, and even luxury cars more affordable.
GST cut to make TVs, ACs, and other appliances cheaper
A wide range of consumer electronics, including large-screen televisions (TVs), air-conditioners (ACs), and dishwashers, is likely to see significant price cuts.
GST 2.0: Will smartphone prices be affected?
The Indian government has approved major changes to the Goods and Services Tax (GST), set to come into effect on September 22.
GST Council hikes tax on private jets, yachts to 40%
The Goods and Services Tax (GST) Council has announced a major hike in taxes on private aircraft, yachts, and premium travel. The new rates will come into effect from September 22.
GST Council approves new rates: Check what's cheaper and costlier
The Goods and Services Tax (GST) Council has approved changes to India's indirect tax structure, which will come into effect from September 22.
Shares of Indian automakers soar as GST Council reduces tax
Shares of Indian automakers witnessed a major spike on September 4. The surge came after the Goods and Services Tax (GST) Council approved a series of tax reforms.
These items face record 40% GST under new reform push
The Goods and Services Tax (GST) Council has approved a major increase in tax rates for 'sin goods,' including cigarettes, sugar-sweetened beverages, and luxury cars.
GST Council approves 2-tier tax structure of 5% and 18%
The Goods and Services Tax (GST) Council has approved a two-tier rate structure of 5 and 18%, abolishing the 12% and 28% rates.
You can soon register non-risky businesses in just 3 days
The Goods and Services Tax (GST) Council is likely to have approved a major reform to expedite the registration process for non-risky businesses.
Your health, life insurance premiums are about to become cheaper
The Group of Ministers (GoM) on health and life insurance has tentatively agreed that Goods and Services Tax (GST) should be exempted from these insurance policies.
GST collections reach ₹1.86T in August, up 6.5% YoY
India's Goods and Services Tax (GST) collections for August stood at ₹1.86 lakh crore, a year-on-year increase of 6.5%, according to government data released on Monday.
Reduce GST on tires to 5%: Industry body to government
The Automotive Tyre Manufacturers Association (ATMA) has urged the Indian government to reduce the Goods and Services Tax (GST) on automotive tires from 28% to 5%.
GST 2.0 impact: E-commerce sales dip as shoppers adopt wait-watch
As the industry gears up for the implementation of GST 2.0, a major shift in consumer behavior is being observed in the e-commerce sector.
Luxury car makers seek GST clarity ahead of festive season
Luxury car manufacturers are urging the government to provide clarity on Goods and Services Tax (GST) rates, ahead of the festive season.
Equity markets eye GST Council meeting, macro-data for trend cues
Equity markets are expected to closely follow the upcoming Goods and Services Tax (GST) Council meeting and macroeconomic data releases next week.
India Inc to hit 5-6% revenue growth in Q2: ICRA
Rating agency ICRA has projected a muted revenue growth of 5-6% for India Inc. in the second quarter of FY2026.
Flipkart is facing GST probe over alleged billing malpractice
Flipkart, the Walmart-owned online marketplace, is facing a preliminary investigation over allegations of altering its billing structure to reduce its goods and services tax (GST) liability.
Demand boost from GST restructuring will address any revenue losses
The proposed restructuring of the Goods and Services Tax (GST) rates could initially impact state revenues.
Compensation cess to states might be terminated by October 31
The Goods and Services Tax (GST) Council is likely to discuss the early termination of the compensation cess during its meeting on September 3-4.
Modi government to launch new GST slabs around September 22
The Goods and Services Tax (GST) Council, led by Finance Minister Nirmala Sitharaman, is likely to introduce new GST rate slabs around September 22. The move is aimed at boosting festive demand in India.
Auto sales slow as buyers await possible GST rate cut
The auto industry is witnessing a slowdown in sales momentum, with customers delaying their purchases.
India's real-money gaming ban could put 2L jobs at risk
India's real-money gaming (RMG) industry, a $25 billion sector employing over two lakh people directly and indirectly, is under threat from the Indian government's draft online gaming bill.
GST 2.0: What will get cheaper under India's tax overhaul
In a major move, Prime Minister Narendra Modi has announced plans to revamp India's Goods and Services Tax (GST) system.
GST reform: 10% of India's retail basket to see relief
A recent analysis by Moneycontrol has revealed that nearly 10% of India's consumption basket could get direct relief from the proposed Goods and Services Tax (GST) rationalization in October.
GST 2.0 may hit alcohol, gaming, cigarettes with 40% tax
The Indian government's proposal to impose a 40% "sin tax" under its new Goods and Services Tax (GST) 2.0 framework is likely to bring attention to specific stocks in the market.
GST revamp to slash prices on essentials: What's getting cheaper
Prime Minister Narendra Modi has announced major changes to the Goods and Services Tax (GST) system, calling it a "festive gift" for Diwali.
US tariffs hit diamond industry; 100,000 jobs lost in Saurashtra
The Indian diamond cutting and polishing industry is reeling under the impact of steep US tariff hikes.
Karnataka: GST evasion surges 5x to almost ₹40,000cr in FY25
Karnataka has witnessed a massive five-fold increase in the amount of Goods and Services Tax (GST) evasion detected in the fiscal year 2024-25.
How GST applies to under‑construction homes in 2025
If you're planning to buy an under-construction residential property in 2025, it's important to factor in Goods and Services Tax (GST) into your budget.
GST collections for July jump 7.5% YoY to ₹1.96L crore
India's Goods and Services Tax (GST) collection for July stood at ₹1.96 lakh crore, a year-on-year increase of 7.5%, government data showed today.
No GST on UPI transactions above ₹2,000: Finance Ministry
The Ministry of Finance has confirmed that there are no plans to impose Goods and Services Tax (GST) on Unified Payments Interface (UPI) transactions over ₹2,000.
Modi hails Operation Sindoor; calls Parliament Monsoon Session 'Vijay Utsav'
Prime Minister Narendra Modi on Monday called the upcoming Monsoon Session of Parliament a "celebration of victory."