'Rate Cuts Will Boost Consumption': Tax Board Chief On GST 2.0's Revenue Impact

Higher consumption driven by GST rate cuts may contribute to offsetting the government's revenue loss, provided the industry passes on the benefit to consumers, the Central Board of Indirect Taxes and Customs has told NDTV.

The finance minister of Punjab and Jharkhand and the industries minister of Delhi ensured a spirited start to the NDTV GST Conclave on Tuesday, with their panel discussion on 'Matters of States' witnessing a heated debate on the GST reforms.

Bajaj Auto has announced that its motorcycles will get up to Rs 20,000 cheaper under the new GST structure.

The conclave will focus on discussions around GST 2.0 - the reform powering a Viksit Bharat with speakers including Union Minister of Commerce and Industry Piyush Goyal, and Chief Economic Advisor V Anantha Nageswaran.

GST 2.0: While food delivery platforms are likely to feel the pinch from the GST on delivery charges, QSR chains are expected to benefit through stronger profitability.

PVR INOX is offering movie tickets at substantially discounted rates today (September 9). This offer is part of its ‘Blockbuster Tuesdays’ scheme, which was first announced in April 2025, and is applicable at more than 300 cinemas across India. It is available for films across different genres and formats, including IMAX, 3D, 4DX, ScreenX, and more. In addition to...

GST 2.0 has slashed tax on small cars from 28% to 18%, while luxury vehicles will now be taxed at 40% flat, making cars significantly cheaper.

Prime Minister Narendra Modi on Monday asked the ruling NDA MPs to organise 'Swadeshi Mela' to promote made-in-India products and hold meetings with traders over the GST rate cuts.

Kia India announced the new prices of its ICE lineup in India, following the GST 2.0 structure. Check the model-wise price list now.

Mini Cooper has received a price drop of up to Rs 3 lakh under the GST 2.0. Check out the variant-wise prices of the Mini Cooper.

The benefits associated with changes in GST have been implemented on the ICE portfolio, including Astor, Hector, and Gloster.

Nissan Magnite will become more affordable by up to Rs 1 lakh after the implementation of the new GST rates.

Jawa Yezdi Motorcycles has announced the implementation of the GST 2.0, making the lineup more affordable.

Audi India has announced the new prices of its popular models as part of the GST 2.0 regime. Here are the details you must check out now.