Gst Cut News - Latest Updates & Headlines
Wholesale volumes of 2‑wheelers in India jump 19 pc at 1.8 million in Nov
New Delhi, Dec 19: Wholesale volumes of domestic two‑wheelers grew by 19 per cent (year‑over‑year) in the month of November, reaching 1.8 million units, a report said on Friday.
GST cuts slash farming costs, boost use of micronutrients, bio-pesticides, modern irrigation tools
New Delhi, Dec 7: The government’s recent decision to cut GST rates on a range of farm-related products is expected to reduce costs for small and marginal farmers and help them adopt better agricultural practices, Fertiliser Minister JP Nadda has told Parliament.
Passenger vehicle sales jump 21 pc in Nov as GST cuts boost demand
New Delhi, Dec 2: India's passenger vehicle market recorded strong growth in November, with domestic wholesales rising to around 4.25 lakh units, marking a year-on-year jump of 20.7 per cent.
Credit momentum to continue in 2H, but growth likely to be capped by weak corporate demand: IIFL
New Delhi, December 1: With the strong festive demand and the GST cuts, the loan growth in the banking system has picked up pace in October and early November, according to a latest report by IIFL Capital.
India's economy enters FY26 on strong footing as GST cuts boost demand, Inflation hits record low
New Delhi, November 27: India's macroeconomic outlook remains firmly positive, with easing inflation, strengthening domestic demand and improving policy transmission placing the economy on a stable growth path, noted the Monthly Economic Review for October released on Thursday, by the Department of Economic Affairs, Ministry of Finance.
High frequency indicators show GST cuts have accelerated growth: Centre
New Delhi, Nov 27: Various high-frequency indicators reflect that India’s economic activity has gained momentum following the reduction in the Goods and Services Tax (GST), according to the Finance Ministry’s Monthly Economic Review released on Thursday.
Bank credit growth outpaces deposit growth due to GST cuts, MSME activity: Report
New Delhi, Nov 4: Bank credit growth outpaced deposit growth in mid-October, driven by seasonal festive demand, GST rate cuts and robust retail and MSME activity, according to a report on Tuesday.
RBI may announce 25-50 bps rate cut amid softening inflation: Report
New Delhi, November 4: The Reserve Bank of India may announce a rate cut of 25 to 50 basis points (bps) in the coming months as inflation continues to ease, supported by benign food prices and the impact of recent GST cuts, according to a report by Kotak Securities.
For large appliance makers, revenue growth expected to moderate in 2025-26: Crisil
New Delhi, November 2: Manufacturers of large appliances are expected to see revenue growth moderate to 5-6 per cent this financial year on a high base of 16 per cent logged last fiscal year, according to Crisil Ratings.
Mahindra's Tractor Sales Shift Gears: Festive Spike and GST Cut Fuel 12% October Surge
Bengaluru, Nov 1: Mahindra & Mahindra's farm equipment arm rode a strong festive wave in October 2025, reporting solid tractor sales driven by healthy farm conditions and a timely GST rate cut.
Maruti Suzuki India, Tata Motors report resilient domestic sales in Oct over GST cuts
Mumbai, Nov 1: As GST reforms boosted festive demand in the country, Maruti Suzuki India Limited on Saturday said it sold a total of 220,894 units in October, which is its highest-ever monthly sales volume.
Festive season in October brings mixed demand trends for auto dector; PVs see growth, 2Ws lag: Nomura
New Delhi, October 30: The festive season in the October has brought mixed trends for India's automobile industry, with passenger vehicles (PVs) and tractors showing signs of improvement while two-wheelers (2Ws) continue to trail expectations, according to a report by Nomura.
Supportive policies, GST rate cuts to improve MSME sector's market condition
New Delhi, Oct 27: MSMEs' market conditions are anticipated to improve in the next quarter, driven by stronger domestic demand and supportive policies such as the cut in GST on a wide range of products and services, SIDBI said in a report on Monday.
FM Sitharaman highlights surge in Diwali sales to all-time high of Rs 6.05 lakh crore
New Delhi, Oct 22: Finance Minister Nirmala Sitharaman on Wednesday highlighted the surge in Diwali sales this year which touched a record Rs 6.05 lakh crore, driven by GST rate cuts and strong demand for ‘swadeshi’ products.
GST cuts and festive cheer drive surge in housing demand; Tier-2 and Tier-3 cities take the lead
New Delhi October 16: India's housing market is witnessing renewed optimism ahead of the festive season, fuelled by recent Goods and Services Tax (GST) reductions on key construction materials. The rationalisation of GST rates on cement, marble, granite, and bricks is estimated to lower construction costs, giving a significant boost to developers, especially those focusing on mid-income and affordable housing projects.
Varanasi: Diwali sales surge as GST cuts drive record vehicle purchases
Varanasi, Oct 15: With Diwali around the corner, markets across the country are buzzing with activity. The recent reduction in GST rates has added fuel to the festive fervour, leading to record-breaking sales in both two-wheeler and four-wheeler segments in Varanasi, Uttar Pradesh.
GST cuts fuel festive sales boom across India, from Cuttack to Noida
Puri/Cuttack/Noida, Oct 14: A wave of festive enthusiasm is sweeping across Indian markets, thanks to the recent GST rate cuts that have reduced prices on essential and electronic goods.
Wholesale beat automobile demand estimates in September: Report
New Delhi, October 5: India's automobile industry recorded a strong rebound in September 2025, with wholesale volumes across all major vehicle segments surpassing expectations, according to a report by ICICI Securities. The demand revival came after the Goods and Services Tax (GST) reduction on September 22, which lifted both retail and wholesale momentum across the sector.
Festive demand pushes auto sales in September, stronger momentum expected in October: Report
New Delhi, October 4: Passenger vehicle and two-wheeler sales showed signs of revival in September 2025 as the festive season began on September 22. According to Citi Research, demand picked up due to pent-up buying from August and a reduction in prices following recent GST cuts.
2-wheeler sales rise 9 pc in September on GST cut, festive demand
New Delhi, Oct 4: India’s two-wheeler manufacturers registered a 9 per cent year-on-year (YoY) increase in September dispatches, crossing the two-million mark, buoyed by festive season demand following a cut in Goods and Services Tax (GST).
Festive stocking, tax relief and GST cuts to drive auto demand in H2FY26; September sales show mixed trend
New Delhi, Oct 3: The Indian automobile industry is heading into the second half of FY26 with cautious optimism, as festive stocking, reduction in GST rates, and income tax relief are expected to boost consumer demand, a report said on Monday.
HSBC India Manufacturing PMI slips to 57.7 in September, however optimism boosted by GST cuts
New Delhi October 1: India's manufacturing sector continued to expand in September though at a slower pace, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) easing to 57.7 from 59.3 in August, according to survey data released on Wednesday.
Automobile sales to see record YoY growth in September on festive boost: Nuvama Research
New Delhi, September 30: The automobile sector is expected to record strong year-on-year growth in sales across all segments in September, supported by festive demand and positive customer sentiment, according to a report by Nuvama Research.
Union Minister Jyotiraditya Scindia arrives in Guwahati on 2-day Northeast visit
Guwahati, Sep 26: Union Minister Jyotiraditya Scindia arrived in Guwahati on Friday on a two-day tour of the Northeastern region. Upon arrival, he participated in the Artfed Jagaran event organised under the GST Bachat Utsav and interacted with the media.
Americans will be impacted first: Hiranandani on Trump announcing 100% pharma tariff
New Delhi, September 26: Americans will be the first to be affected, said Niranjan Hiranandani, Founder and Chairman of the Hiranandani Group on Friday, in response to U.S. President Donald J. Trump's announcement of a 100 per cent tariff on branded and patented pharmaceutical products.
AC sales take hit as extended rains dampen demand, volumes may dip 10-15% in FY26: ICRA
New Delhi, September 24: Room air condition sales volume are expected to decline 10-15 per cent in 2025-26 in India, with extended rainfall experienced during the peak demand season, according to a report by rating agency ICRA.
Tractor sales to grow 4-7 pc in FY26, 2-wheeler industry also set for healthy growth: Report
New Delhi, Sep 23: The tractor segment in India is expected to grow by 4-7 per cent in FY2026, while the two-wheeler industry is also likely to record healthy growth, a new report said on Tuesday.
GST cut on renewable energy to save Rs 1-1.5 trillion by 2030: Pralhad Joshi
New Delhi, Sep 23: The reduction of Goods and Services Tax (GST) on the renewable energy value chain from 12 per cent to 5 per cent will save up to Rs 1–1.5 trillion by 2030, Union Minister for New and Renewable Energy, Pralhad Joshi, has said.
TN milk cooperative 'Aavin' yet to pass on GST benefit as rivals slash prices
Chennai, Sep 22: Consumers in Tamil Nadu may have to wait longer for cheaper ghee, butter, paneer and other dairy products, as state-run Aavin has not revised its rates even after the Goods and Services Tax (GST) on such items was cut from 12 per cent to 5 per cent.
GST cuts to boost economy, but revenue loss could hit banking sector: Report
New Delhi, September 20: While the government has estimated an annual revenue loss of about Rs 480 billion, due to the reduced Goods and Services Tax (GST) rates on various products, a recent report by Systematix Research has pegged the figure much higher, at nearly Rs 1.2 trillion.
Customer inquiries surge 15-20 pc post Maruti Suzuki announcing rate cut: Report
New Delhi, Aug 19: Customer enquiries for cars have increased significantly by 15-20 per cent across segments after Maruti Suzuki India (MSIL) announced passing on the full benefits of GST 2.0, a report said on Friday.
India to attract $50-70 billion fresh inflows over next year: Jefferies
New Delhi, Sep 19: India is expected to see fresh inflows of $50-70 billion into equities over the next 12 months, driven by steady participation from mutual funds and systematic investment plans (SIPs), according to global brokerage Jefferies on Friday.
Green hydrogen costs declined, may reduce further with GST cuts but USD 1-2/kg target remains distant: Report
New Delhi, September 19: The cost of producing green hydrogen in India is coming down, but the target of USD 1-2 per kg still looks far, according to a report by Emkay Securities.
Agriculture minister asks farm equipment & tractor makers to pass on GST cut benefits to farmers
New Delhi September 19: Agriculture Minister Shivraj Singh Chouhan held a meeting with leading manufacturers of farm equipment on Friday and asked them to pass on the benefits of reduced GST, which is effective from September 22, to the farmers.
Auto sector discounts to trend down as GST cuts set to lift demand: Motilal Oswal
New Delhi, September 19: Discounts in the automobile sector are expected to trend down across key segments as the recent GST cuts are likely to lift demand, according to a report by Motilal Oswal.
Mother Dairy says GST cut benefits for consumers effective Sept 22; UHT milk to become cheaper
New Delhi, September 16: Mother Dairy has announced a cut in its prices across its dairy and processed foods, stating that it is passing on the benefits of the Goods and Services Tax (GST) cut directly to consumers, effective September 22.
Passenger vehicle sales down in Aug as consumers await GST cuts, 2-wheeler sales up: SIAM
New Delhi, Sep 15: The Indian automobile industry witnessed contrasting trends in August, with passenger vehicle sales slipping as customers await the Goods and Services Tax (GST) reform's benefits that are scheduled to be effective from September 22, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Monday.
Auto leaders hail GST cuts as boost for car buyers, see festive surge ahead
New Delhi, September 11: Partho Banerjee, Senior Executive Officer, Marketing and Sales, Maruti Suzuki, stressed that the new GST rates would help customers who want to switch to four-wheelers.
Two-wheeler industry passes full GST cut benefits
New Delhi, Sep 9: Yamaha Motor India on Tuesday announced that it will pass on the complete benefits of the recent GST rate cut on two-wheelers to its customers from September 22.
Hyundai India slashes car prices by up to Rs 2.4 lakh after GST cut, effective Sep 22
New Delhi, Sep 7: Hyundai Motor India on Sunday announced that it will pass on the full benefit of the recent GST reforms to its customers, offering significant price cuts across its passenger vehicle range.