When the GST 2.0 reforms were announced, the immediate reaction of different sectors told two very different stories. The auto industry wasted no time in passing on the benefits to customers, triggering a surge in demand and a rally on Dalal Street. FMCG firms, on the other hand, chose the

India’s sweeping GST 2.0 reforms were announced with the promise of cheaper goods and services, from soaps to insurance premiums. Economists and analysts immediately began calculating how much this would bring down inflation, which sectors would get a boost, and what kind of stimulus it could deliver to the broader economy. Before those numbers could […]

Finance Minister Nirmala Sitharaman said businesses must ensure that GST rate reductions are reflected in retail prices, not absorbed as extra profits. She added that the government has put in place a monitoring system to track compliance and will intervene where needed. GST 2.0 Structure The new GST framework, effective from September 22, simplifies the […]