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Searched Tag: gst rate cut
The GST Council had announced a restructuring of the four-tier indirect tax system on September 3, announcing instead a simpler two-tier tax system that comprises the 5 per cent and the 18 per cent tax slabs

Red brick makers seek removal from Special Composition Scheme

September 25, 2025, 01:14 PM - 3 min read

The GST Council did not recommend any change to the Special Composition Scheme rates for bricks, except for 'sand lime bricks', on which the rate has been reduced to 5 per cent from 12 per cent

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In electronics, leading appliance makers have reduced prices of room air conditioners by up to ₹4,500, and of dishwashers, by up to ₹8,000

Rate cuts on milk, ghee, room ACs, dishwashers coming in

September 21, 2025, 12:33 PM - 5 min read

With the GST Council’s rate rationalisation to be implemented from September 22, many companies have already begun announcing their slashed-down prices of products – from eatables to electronics

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Revised cut in GST rates to aid people: Uttarakhand CM

Revised cut in GST rates to aid people: Uttarakhand CM

September 19, 2025, 06:38 PM - 3 min read

The updated GST rates that apply to the state's main consumer goods and services as of September 22 have been released by the Finance Department. During the holiday season, consumers will benefit greatly from lower GST rates on the majority of goods and services.

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Under the Goods and Services Tax (GST) system, the revenue is shared equally between the Centre and the states

Centre notifies CGST rates for goods effective Sept 22

September 17, 2025, 10:59 PM - 2 min read

The states will now have to follow suit and notify the State GST (SGST) rates to be levied on goods and services beginning Monday, September 22

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The manufacturer and marketing companies shall issue a revised price list or supplementary price list to the dealers, retailers, state drug controllers and the government, reflecting the revised GST rates and revised MRP, the National Pharmaceutical Pricing Authority (NPPA) stated

NPPA asks pharma units to pass on GST rate cuts

September 13, 2025, 02:53 PM - 2 min read

The National Pharmaceutical Pricing Authority has asked pharmaceutical companies and medical device makers to pass on the benefit of reduced GST rates to consumers with effect from September 22

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Post the slashing of Goods and Services Tax (GST) rates on nearly 375 items by the GTS Council, any complaints against failure of any industry to pass on the benefits of price reduction to consumers will be taken by the Central Board of Indirect Taxes and Customs (CBIC), said the body’s chairman, Sanjay Kumar Agarwal

CBIC to take up complaints against non-reduction in prices

September 7, 2025, 12:27 PM - 3 min read

The GST law stipulates that trade and industry need to pass on GST cut benefits to customers, for which an anti-profiteering authority has also been set up where consumers can file complaints regarding any non-reduction in prices post GST implementation

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The case pertained to a customer complaint against Urban Essence for not passing the benefit of reduction of GST rate, on restaurant services, from 18 per cent to 5 per cent with effect from November 15, 2017

Subway franchisee asked to pass on GST rate cut benefit to buyer

August 16, 2025, 03:49 PM - 2 min read

The newly-constituted GST Appellate Tribunal (GSTAT) has held a Subway franchisee guilty of not passing on the GST rate cut benefit of ₹5.47 lakh to customers

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A representative image.

Govt may cut GST rates on common goods soon

July 2, 2025, 12:27 PM - 4 min read

Sources indicate that the government is considering a major overhaul of GST slabs, which could reduce the tax burden on everyday essential items.

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Representative Image

GST Council to debate slashing 12 pc tax slab

June 26, 2025, 03:56 PM - 4 min read

The council’s meeting, slated for July, has been delayed for over six months owing to disagreements over location of meeting

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