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Gross GST collection rose 4.6 per cent year-on-year to Rs 1.96 lakh crore in October, driven by festive season demand despite rate cuts on 375 items. Domestic GST revenue grew 2 per cent, while imports contributed a 13 per cent surge in tax inflow

UPI transactions rose 25 per cent year-on-year in October to 20.70 billion, with total value reaching Rs 27.28 lakh crore, NPCI data showed. IMPS also saw steady growth, as India’s digital payment ecosystem expanded under ongoing GST 2.0 reforms.

India’s industrial output grew 4 per cent in September, steady from the previous month, driven by manufacturing growth aided by GST rate rationalisation and festive demand. The manufacturing sector expanded 4.8 per cent while mining contracted and power generation rose 3.1 per cent, NSO data showed

Telangana’s GST collections dropped by -5 per cent in September, the lowest in India. Economists warn of declining demand, while BRS accuses Congress of mishandling the State’s economy under Revanth Reddy.

The government is monitoring e-commerce platforms to ensure GST rate cuts on daily essentials are passed to consumers. Authorities are tracking pricing of 54 items, including FMCG products and electronics, amid complaints of inadequate price reductions

Karnataka State Hotels Association says high GST on LPG cylinders and property rents prevent hoteliers from passing government GST cuts to consumers. The association urges relief on rent and fuel to make food and room tariffs more affordable

The Centre is monitoring whether e-commerce platforms are passing on GST rate cut benefits on FMCG items. Field officers will submit the first report by September 30. The revised GST structure is expected to lower prices for 99 per cent of daily-use goods

Chief Minister A Revanth Reddy has urged the union government to compensate Telangana for Rs 7000 crore revenue loss following GST rate rationalisation. He warned that the changes would adversely affect State revenues and asked the Centre to support States

India’s next-generation GST, “GST Bachat Utsav,” was implemented, cutting taxes on over 370 items, including essentials, medicines, appliances, and toiletries. Luxury and sin goods face higher levies. The reform aims to boost consumer disposable income and inject Rs 2 lakh crore into the economy.

The BJP launched a nationwide ‘GST Savings Festival’ as GST 2.0 takes effect, with MPs visiting markets through padyatras to promote lower tax rates, Swadeshi products, and household savings benefits.

GST 2.0 takes effect today with a simplified two-slab system, revised rates for 375 items, and price cuts on essentials. PM Modi called it a nationwide “festival of savings” for citizens.

Amul announces a price reduction on over 700 products, including milk, butter, ghee, and cheese, starting September 22, in line with GST rate rationalisation to pass on benefits to consumers

The GST 2.0 rationalisation has reduced rates across textiles and logistics, easing structural anomalies, cutting costs, and boosting demand. The reforms will make garments more affordable, lower freight costs, strengthen SMEs, and enhance India’s export competitiveness, particularly in textile

Nissan Motor India has slashed prices of its New Magnite range by up to ₹1 lakh, passing on GST cuts to customers. With entry models now under ₹6 lakh, the move aims to boost festive season sales starting September 22.

Bernstein predicts India’s consumption will get a boost from the government’s GST rate cuts. Personal care, home care, FMCG, grocery retail, footwear, apparel, and quick-service restaurants are expected to gain from the revised tax structure, which lowers GST on key items.

Small car prices are set to drop by up to Rs 1 lakh following the GST rate cut, offering relief to middle-class buyers and reviving demand in smaller cities. The move, welcomed by automakers, is expected to boost festive season sales

Kerala Finance Minister K N Balagopal warned that the state could lose Rs 8,000–10,000 crore annually due to GST rate rationalisation. He urged the Centre to ensure benefits reach consumers and pressed for compensation to states facing major revenue losses

The GST Council will review proposals to cut rates on over 150 products, including food, snacks, vehicles, and education supplies. The move aims to ease household spending, expand the zero-GST list, and simplify the current four-rate structure

Prime Minister Narendra Modi, in his 12th Independence Day address, urged self-reliance across sectors, announced GST rate cuts by Diwali, unveiled a “Sudarshan Chakra” defence shield, warned against infiltration, and called for a united push towards a prosperous ‘Samriddh Bharat’ by 2047

Telangana has recorded a fiscal deficit of Rs 9,389 crore and revenue deficit of Rs 5,037 crore in just two months of FY 2025–26. Rising subsidies and low capital spending are intensifying pressure on the State’s finances