In a move set to make eating out lighter on customers' pockets, the GST (Goods and Services Tax) council slashed the tax rate for restaurants last week. The tax rate for restaurants was revised downwards to a uniform 5% from the earlier 12% for non-air conditioned restaurants and 18% for air-conditioned restaurants. But restaurants won't get the benefit of input tax credit, a facility to set off tax paid on inputs with final tax. The tax cut was part of the biggest change to GST rates since July 1. Apart from restaurants, tax rates for 200 items were also slashed.
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Maruti Suzuki achieved the milestone despite a high base following the previous GST rate cut. SUV sales touched an all-time monthly high of 73,058 units, while small car sales grew 38% year-on-year to 40,646 units.
Gross GST collections from domestic sales rose 16 per cent to over Rs 1.59 lakh crore, and revenues from imports climbed 42 per cent to Rs 72,246 crore.
Total GST refunds rose 6.5% year-on-year to Rs 27,934 crore from Rs 26,225 crore.
November 2026 brings several important financial changes, including revised PNB credit card charges, new fees on failed transactions at IndusInd Bank, GST amendments and an extended ITR filing deadline for eligible audited taxpayers.
Harley-Davidson's X350T has been spotted testing undisguised in India. Built on the X440 platform, it features a 349cc engine to benefit from lower GST rates, bringing iconic roadster styling at a more accessible price point.
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Opinion | Why States, Not Centre, Should Get All The Credit For GST 'Savings'Derek O’Brien
Wednesday October 22, 2025Amidst all the hoopla, it is the State governments that truly deserve recognition for coming together for the GST revision. Because the States are the ones bearing the brunt of massive revenue losses.
GST Rate Cuts Light Up The Festive Season
Wednesday October 15, 2025The GST rationalisation is a gradual impetus to India's growth story.
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