New GST Rates Rollout Updates: Not everything is getting cheaper! These items will attract 40% GST from today - See full list

The state-owned enterprise Aavin slashed the prices of ghee and announced that the prices for its other products will be revised in accordance with the 'GST 2.0', coming into effect from Monday. The DMK, however, has demanded a roll-back of the GST, while the BJP here said the comprehensive overhaul of the GST, coming into effect with the commencement of Navarathri festival, was a "gift" by Prime Minister Narendra Modi. DMK MP Thanga Tamilselvan, however, remarked, "Our demand is no GST. Our leader and Chief Minister M K Stalin had already emphasised this." Meanwhile, the Tamil Nadu Cooperative Milk Producers' Federation Limited, popularly known as Aavin, has announced a revision in rates.

Traders across Delhi on Monday termed the new GST rates a festive relief for consumers, even as some associations flagged concerns over refunds and implementation. Sanjiv Mehra, president of Khan Market Traders Association, said it was a positive step, but pointed to "a lot of implementation-based queries" that still need clarity. "Once our queries are addressed, we will definitely educate our traders."

Several Union ministers, including BJP chief JP Nadda and Finance Minister Nirmala Sitharaman, visited various markets in the city on Friday and interacted with traders and shopkeepers, taking feedback on the rollout of the next generation GST reforms. Accompanied by Delhi BJP President Virendra Sachdeva and the party's media head Anil Baluni, Nadda visited Amar Colony market in south Delhi and discussed with traders and shopkeepers the next generation Goods and Services Tax (GST) reforms introduced by the Modi government.

"When I first took charge of the Food Processing department after taking the oath, all the businessmen and industry leaders associated with this sector had only one demand from the past year: to revise the GST rates...I would like to thank PM Modi and Nirmala Sitharaman on behalf of my party, the people of Bihar and the people of the country for accepting this demand...This is a huge relief to the consumers," says Union Minister Chirag Paswan.

“The recent GST reforms for footwear, particularly the rationalisation of tax rates on products priced under ₹2,500, are a welcome step that address a long-standing imbalance in our sector. For years, footwear has been taxed at a higher slab compared to apparel, which not only impacted affordability but also distorted demand patterns. The new framework not only corrects this disparity but also creates room for organised players like us to strengthen compliance, efficiency, and innovation in the value chain." Anupam Bansal, Managing Director of Liberty Shoes

New GST Rates Rollout Live Updates: Finance Minister Nirmala Sitharaman interacts with stationery shop owner in Delhi's Laxmi Nagar

Dabur India CEO Mohit Malhotra that GST reforms have already benefited the Ayurvedic industry, where Dabur is the world’s largest player. “What we see optically is a rate reduction, but what we don’t see are the procedural simplifications. Earlier, a local Chyawanprash had 5% GST while a branded one had 12–13%. Now, all Ayurvedic medicines fall under 5%. This bridges the gap between unorganised and organised players, and gives a major boost to quality production in India,” he said during a panel discussion at Network 18's Reforms Reloaded event in Delhi.

"The GST reforms that set in from today just ahead of the festive season would benefit both consumers and the industry. More than 375 items would get cheaper, right from items for everyday use to medicines to high value items like cars and bikes. The potential savings for consumers would usher in higher volume of purchase and consumption, resulting in an overall benefit to the economy."

"Also, many consumers had held back purchases of high value items such as cars and bikes, and the next couple of months could see a bumper sale, far higher than previous festive seasons. The industry would also benefit from the exemption that Government has given regarding revision of price stickers on items, thus saving cost and logistical hassle for them. Overall, this is a win-win for all and would have a positive impact on the Indian economy." -- Devroop Dhar, Co-founder and India CEO, Primus Partners

“The GST reduction is a landmark step in accelerating India’s clean energy journey. By lowering GST rates from 12% to 5% on solar solutions and from 28% to 18% on power backup, this reform will make solar energy solutions more accessible and affordable, driving further adoption among households and businesses." -- Preeti Bajaj, MD & CEO, Luminous Power Technologies

Former Andhra Pradesh Chief Minister and YSR Congress Party president Y.S. Jagan Mohan Reddy on Monday praised the Centre for introducing rate cuts to the Goods and Services Tax (GST), saying the move would provide the "necessary impetus" to consumption and investment.

Describing the GST reforms as "revolutionary," Mr. Reddy said the restructuring will make the tax system simpler and fairer for citizens.

"The GST restructuring is a revolutionary step towards a simpler, fairer tax system. It is a commendable move to make goods and services more accessible and affordable to every citizen. Here and there, there might be a few glitches or complaints, but it's a process, and I am hopeful that the benefits will get passed on to end consumers. This will surely give the necessary impetus to consumption and investment in the economy," he posted on X.

Rajiv Memani, CII:- GST reforms are far reaching reforms. CII has been requesting on this (GST reforms) for an year or so and the way the govt has come on this is very positive. Hopefully this gives impetus to people to invest. We are very hopeful and it will lead to more investments.

New GST Rates Rollout Live Updates: 99% goods and services and tax-free or have 5% GST, says CBIC

Which life insurance policies are exempt from GST?

All individual life insurance policies are covered under the GST exemption. This includes term plans, endowment policies, and ULIPs. Additionally, reinsurance of these individual policies is also exempt from GST.

Which health insurance policies are exempt from GST?

All individual health insurance policies are exempt, including family floater plans and senior citizen plans. Reinsurance of these individual health policies is likewise exempt under the current GST rules.

Bank Holiday Today: Banks in Jaipur Closed for Navratra Sthapna on September 22

While not a nationwide holiday, all public and private banks in Jaipur, Rajasthan, will remain closed today, Monday, September 22, on account of Navratra Sthapna.

Navratra Sthapna marks the beginning of the Navratri celebrations for Hindus in Jaipur. Across India, banks-including major ones like the State Bank of India (SBI)-observe holidays as mandated by the Reserve Bank of India (RBI). These include all Sundays, as well as the second and fourth Saturdays of each month.

Following this week's schedule, banks will also remain closed on September 23 in Jammu and Srinagar. Additionally, banks will observe their regular weekend closure on September 27 and 28 (fourth Saturday and Sunday), in line with RBI regulations.

The Goods and Services Tax (GST) 2.0 regime has kicked in with the new slabs becoming effective today. It has also coincided with the first day of the nine-day Navaratri festival. With cars becoming relatively affordable amid rate rationalisation, this might be the right time for you to buy that small SUV you have been dreaming about. The sub-Rs 10 lakh (ex-showroom) space was once dominated by hatchbacks. However, small SUVs such as the Tata Punch, Tata Nexon, Maruti Suzuki Brezza, Maruti Suzuki Fronx, Hyundai Exter, Hyundai Venue, Kia Sonet, Kia Syros, Mahindra XUV 3XO, Skoda Kylaq, Renault Kiger and Nissan Magnite have gained immense popularity now. (Read More)

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GST News Live: Small petrol-hybrid cars will benefit from a GST reduction from 28% to 18%, promoting green mobility and boosting sales for manufacturers such as Tata Motors and Maruti Suzuki. Conversely, luxury electric vehicles priced above $46,000 will see GST rise up to 40%, affecting brands like Tesla and Mercedes-Benz.

Delhi Chief Minister Rekha Gupta has said that GST reforms will strengthen the national economy and provide relief from inflation. Gupta, who is set to participate in the 'GST Savings Festival' at Totaram Market in Tri Nagar on Monday afternoon, said Prime Minister Narendra Modi's initiative to simplify the tax system and make it citizen-friendly has ushered in Diwali early for the capital's traders. (Read More)

India’s largest online retailers Amazon and Flipkart have kicked off their flagship festival sales — the Great Indian Festival and Big Billion Days (BBD) — setting the stage for what could be their biggest shopping season yet. The sales mark the start of the most crucial shopping period of the year, typically accounting for nearly a fourth of the platforms’ annual revenues. (Read More)

GST Rates Live News: The Rajasthan government will organise a week-long 'GST Savings Festival' from September 22 to 29 to promote awareness about the recent GST rate cuts, Chief Minister Bhajanlal Sharma announced on Sunday.

Addressing cabinet colleagues and legislators via video conference, Sharma highlighted that the GST restructuring aims to benefit all sections of society, including farmers, industries, and the middle class.

PM Narendra Modi in a post on X: "This time, this auspicious occasion of Navratri is very special. Along with the GST Bachat Utsav, the mantra of Swadeshi is going to receive new energy during this period. Let us come together in collective efforts for the fulfilment of the resolve for a developed and self-reliant India."

GST Rates Live News: Passenger transport by road will continue to attract 5% GST without input tax credit (ITC), though service providers may opt for 18% GST with ITC. For air travel, economy class remains taxed at 5%, while business and other classes are charged at 18%.

GST Rates Live News: All types of individual life insurance plans - including term insurance, endowment policies, and unit-linked insurance plans (ULIPs) - are exempt from GST. Reinsurance of these individual policies is also covered under the exemption.

GST Rates Live News: Yes, the new GST rates will also cover imported goods. Starting September 22, Integrated GST (IGST) on imports will be levied at the updated rates, except where specific exemptions have been granted.

GST Rates Live News: Starting today, daily essentials and food items will become more affordable as leading FMCG companies pass on the benefits of the recent GST reductions to consumers. The move is expected to spur demand and boost sales ahead of the festive season, beginning with Navratri.

Updated price lists featuring revised MRPs have been rolled out for products such as soaps, shampoos, baby diapers, toothpaste, razors, and after-shave lotions. Food brands have also trimmed prices on namkeen, bhujia, sweets, coffee, tea, butter, ghee, ice cream, and chocolates.

After months of sluggish demand and high food inflation, FMCG players are optimistic that these price cuts, along with festive discounts, will kick-start a fresh phase of growth.

GST Rates Live News:  The latest GST reforms also bring steeper taxes on certain products. Clothing priced above ₹2,500 will now attract 18% GST, up from 12%, making premium brand outfits slightly more expensive. Aerated drinks with added sugar will be taxed at 40%, the same rate that applies to high-end motorcycles with engines above 350cc and private aircraft.

GST Rates Live News: On the eve of the rollout, Prime Minister Narendra Modi described the reforms as a "GST Savings Festival." He said: "With the sunrise on September 22, the first day of Navratri, the Next Generation GST reforms will come into force. This GST savings festival will increase your savings and make it easier to purchase the things you want. The poor, the middle class, the neo-middle class, youth, farmers, women, shopkeepers, entrepreneurs - everyone in our country will benefit."

GST Rates Live News: The new GST framework, announced earlier this month by Finance Minister Nirmala Sitharaman, consolidates tax rates into just two slabs: 5% and 18%.

GST Rates Live News:  Several popular food products have been shifted to the NIL (0%) GST category. These include:

Roti

Parantha

Paneer

Khakra

GST Rates Live News: A wide variety of products - from household items and food essentials to cars, bikes, and televisions - will now cost less. The move is expected to bring relief to the common man and middle-class families.

GST Rates Live News: The Modi government's next-generation Goods and Services Tax (GST) reforms come into effect today, September 22, 2025, marking a big boost at the start of the festive season.