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Maruti Suzuki India is witnessing strong growth in both the 18% and 40% GST segments, said Partho Banerjee, Senior Executive Officer, Marketing & Sales, at the 66th Society of Indian Automobile Manufacturers (SIAM) Annual Convention in New Delhi.
In September, GST rates were reduced on many commodities. The anti-profiteering rule in Section 171 mandates that any reduction in the rate of tax should be passed on to consumers by ‘commensurate reduction in prices’. But this is not always the case as, paradoxically, reduced tax does not necessarily result in reduced prices.
The Next Generation 2.0 GST Rate Reform, implemented through a series of notifications dated September 17, 2025, represents a comprehensive restructuring of India’s Goods and Services Tax (GST) rate system.
GST rate rationalisation provides a timely boost to these sectors, reducing tax burdens and improving income opportunities for farmers, artisans and entrepreneurs across the state.
Jammu and Kashmir government on Friday rolled out GST 2.0 reforms in the Union territory, bringing in major changes to rationalise the tax structure and ensure consumer welfare in line with the national reforms drive.
The Expectations of a consumption booster large enough to trigger a robust investment cycle from the massive goods and services tax (GST) cuts have crept higher with the Navratri sales this season being the highest in a decade, government sources said on Friday.
Following a reduction in goods and services tax (GST) rates on individual health insurance premiums to nil from 18 per cent, and changes to input tax credit (ITC) norms with effect from October 1, 2025, some of the non-life insurers like ICICI Lombard General Insurance, Care Health Insurance, and Aditya Birla Health Insurance have reduced their commission payout to distributors on retail health insurance policies, sources said.
Travellers who thought their hotel bills would be lighter on their pockets after September 22 have come in for a bit of a shock. Despite the recent GST rate reduction on hotel rooms, travellers report little to no decrease in their bills.
The Delhi High Court has said that whenever the GST Council reduces the tax rates on a product, the ultimate benefit must flow directly to consumers through a corresponding reduction in the product’s price.
Town and Country Planning Minister Rajesh Dharmani today supported the state government’s decision to increase the price of cement by Rs 5i per bag and said that it was necessary to enhance the rates as the Goods and Services Tax (GST) rationalisation had hit the state.