GST Cut: Car Buyers To Save Rs 60,000 To Rs 1.3 Lakh On New Purchases, EMIs Set To Fall — Check Details

Among smaller cars, the EMI of Dzire will reduce to Rs 14,195 versus Rs 15,519 at present, whereas the EMIs for Wagonr and Baleno will come down by Rs 1,000-1,200.

Stock Market Today: Sensex and Nifty snapped a six-day winning streak on Aug. 22, yet logged a weekly gain over GST rate cut expectations which has fueled a rally in consumer-driven stocks.

Citi's Stock Picks: A favourable update on India-US trade deal, return of foreign capital and GST cuts in Diwali that fuel demand in the economy are some positive triggers for Dalal Street.

The government is expected to roll out the next generation GST reforms around Diwali.

GST on dairy products such as ghee is expected to be reduced to 5% from 12% currently.

MeitY Secy S. Krishnan told NDTV Profit that the authorities will incur a hit of Rs 15,000-20,000 crore losses in terms of GST collection but the government has 'a larger social good in mind'.