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GST 2.0: The new GST system has reduced tax on around 370 items. These include lifesaving medicines and daily essentials.

GST 2.0 Bonanza Begins: From breakfast to bed, how a day in the life of middle-class worker changes

Daily essentials -- ranging from medicines, packaged food, milk products, toothpaste, soaps and shampoos attract only 5 per cent tax now, instead of the earlier 12-18 per cent. More than three dozen life-saving drugs for cancer, cardiovascular and rare diseases are now fully exempted from the indirect tax.

'Bachat Utsav' GST 2.0 Rate Cuts Take Effect: Big relief on daily essentials, cars, insurance—See list

On the eve of the implementation of the GST 2.0 reforms, Prime Minister Narendra Modi said in an address to the nation that the next-generation indirect tax cuts will boost investments while enhancing savings and happiness. Here are highlights of what the prime minister said on September 21.&nbsp;

'Bachat utsav' (savings festival) begins on September 22, to accelerate nation's growth story: PM Modi on GST 2.0 rollout

Union Commerce and Industry Minister Piyush Goyal has urged industries to make sure they pass on complete GST rate rationalisation benefits to consumers, as India's indirect tax structure is set to undergo a massive transformation from September 22.&nbsp;

GST reforms: Piyush Goyal urges industry to pass on entire benefits to consumers

The CBIC has released new set of GST FAQs&nbsp;&nbsp;dated September 17, 2025, clarifying CGST rates, exemptions, handicrafts, compensation cess, petroleum imports and composition schemes for bricks. These supersede earlier circulars.

&nbsp;

GST Rate Cuts: Government issues new FAQs clarifying changes on goods, exemptions, handicrafts and cess

GST on renewable energy devices has been rationalised to 5 per cent&nbsp;&nbsp;and will come into effect from 22nd September 2025.

GST on renewable energy devices rationalised to 5%, likely to accelerate India’s clean energy transition

The government has cut GST rates across cars, FMCG goods, weddings and daily essentials starting September 22. Dealers and companies are passing on hefty discounts in advance from Rs 30 lakh off on luxury cars to reduced MRPs on soaps, shampoos and groceries. Weddings too are set to be less expensive with lower GST on services and essentials.

Big GST relief: Cars, FMCG and weddings get cheaper from September 22

In a bid to pass on the benefits of GST&nbsp;reduction directly to consumers, Mother Dairy has announced a reduction in prices of its dairy and processed foods. The wholly-owned subsidiary of the National Dairy Development Board (NDDB) has reduced milk price by Rs 2, starting from next week.

GST 2.0 Effect: Mother Dairy cuts milk, dairy & processed foods prices

In its meeting on September 3, the GST Council approved the elimination of two GST slabs: 12 per cent and 28 per cent, among other things. From groceries and fertilisers to footwear, textiles, and even renewable energy, a broad basket of goods and services is set to become more affordable after the removal of these two slabs.&nbsp;

GST rate cuts from September 22: Centre again shares FAQs, from medicine to insurance policy premiums; here's what you should know

The GST reductions are more than tax changes&nbsp;— they are transformational enablers that improve affordability, enhance mobility, promote healthier lifestyles and strengthen key industries, the government said on Sunday.&nbsp;

GST revamp to enhance mobility, promote healthier lifestyles for youth

Analysts say the GST reforms, which placed 99 per cent of goods in the 0 per cent, 5 per cent or 18 per cent brackets, will cut effective tax rates to around 10–11 per cent.

GST 2.0 reforms expected to lower inflation by up to 75 bps, boost consumption by Rs 1 lakh crore: Report

Marble blocks, travertine blocks, and granite blocks will now attract GST at the rate of 5 per cent instead of 12 per cent. Since these materials are extensively used in housing projects, the reduction is said to provide an apt fillip to the housing industry.

GST reforms in mining sector to boost housing and small-scale enterprises

The recent changes in GST&nbsp;rules for the food services sector are expected to have a mixed impact, with food delivery platforms facing higher costs while QSRs&nbsp;stand to benefit from tax reductions, according to a report by Bernstein.

New GST on food delivery fees may impact aggregators, but Quick Service Restaurants to gain: Report

Union Agriculture and Rural Development Minister Shivraj Singh Chouhan stated that the recent reduction in GST (Goods and Services) rates on agricultural equipment will help lower the cost of farming and boost farmers' profits.

GST cut on farm equipment to boost farmer profits: Minister

Prashant Vasisht of ICRA said the GST hike from 12 per cent&nbsp;to 18 per cent&nbsp;on oil and gas exploration and production will raise costs and hurt upstream returns.

GST rationalisation could increase pressure on the oil and gas sector, says ICRA

Finance Minister Nirmala Sitharaman said that India would continue to buy Russian oil because of economic considerations as crude was the costliest item in the country's import bill.

 GST rate cut will counter US tariff hike, India to keep buying Russian oil: FM Sitharaman

GST 2.0: There will 5 per cent GST on dry fruits and nuts now, which was 5 per cent earlier. This means your healthy eating options may&nbsp;also become cheaper now.

How your weekend binge watching may change with GST 2.0

SBI Chairman CS Setty’s remarks come in the wake of the all-powerful GST Council’s decision to approve sweeping tax cuts and simplify the indirect tax structure.

GST rate cuts offer real relief to people, inflation may ease further: SBI Chairman 

Packaged namkeens, Bhujia, Sauces, Pasta, Instant Noodles, Chocolates, Coffee, Preserved Meat, Cornflakes, Butter, Ghee, Hair oil, Shampoo, Toothpaste, Toilet soap, Tooth brush, Shaving cream may become cheaper after the implementation of new GST reform.

GST 2.0: From soaps to noodles, these items may ease your monthly household expenses

PM Modi Speaks After GST 2.0 Rate Cuts: In his first address after the rollout of the next-generation GST reforms, Prime Minister Narendra Modi said that the indirect tax regime has been simplified even more. "The government stands ready for positive change," said the PM. Here are highlights of what the Prime Minister said on Thursday evening, a day after his government delivered on the promise of a "big Diwali gift" in the form of "substantial" GST rate cuts.&nbsp;

PM Modi delivers on 'Diwali gift' promise, calls GST 2.0 double 'dhamaka': HIGHLIGHTS

Patanjali Foods Receives GST Notice: Patanjali Foods Limited, on Wednesday, May 27, has received a Goods and Services Tax (GST) show cause notice for payment of Rs 1,352.92 crore for FY23. Here's what investors need to know:

Patanjali Foods receives GST demand of Rs 1,353 crore; here's what investors need to know

GST Collection in April 2026: India began the new financial year on a steady fiscal note, with Goods and Services Tax (GST) collections showing healthy growth in April 2026. According to official data released by the Finance Ministry, the total gross GST revenue for the previous month stood at Rs 2,42,702 crore. 

April GST collections hit Rs 2.42 lakh crore, refunds jump 19% YoY to Rs 31,793 crore 

India’s GST collections rose 8.1% year-on-year to Rs 1.83 lakh crore in February 2026, driven by strong import-related tax revenues. Net GST collections stood at Rs 1.61 lakh crore after refunds, reflecting steady economic activity.

India GST collections rise 8.1% to Rs 1.83 lakh crore in February 2026; import revenues surge 17.2%

January GST Collection: Domestic GST collections rose 4.8 per cent year-on-year to Rs 1,41,132 crore. Import GST collections remained strong, with gross import revenue at Rs 52,253 crore, up 10.1 per cent from January 2025.

GST collections climb to Rs 1.93 lakh crore in January as centre notifies new tobacco tax regime

Eternal, the parent company of Zomato and Blinkit, has received a goods and services tax demand order amounting to nearly Rs 3.7 crore, including interest and penalty, for the period between April 2019 and March 2020.

Zomato, Blinkit parent Eternal gets Rs 3.7 crore GST demand order

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