The Ministry of Finance (Department of Revenue) has issued a set of corrigenda on September 19, 2025, making textual corrections to the GST rate and exemption notifications on services that were originally released on September 17, 2025. The corrigen
India’s biggest GST price reset takes effect from September 22, 2025. Retailers, chemists, FMCG distributors, and auto dealers are rushing to update systems, relabel goods and pass on lower prices to consumers across medicines, groceries, and cars.
From September 22, 2025, Indian Railways will reduce the price of packaged drinking water. A 1-litre bottle will cost Rs 14 instead of Rs 15, and 500ml bottles Rs 9 instead of Rs 10, applicable to Rail Neer and all IRCTC-approved brands.
GST 2.0 will ease tax burden on households, empower MSMEs, and accelerate India’s formalisation drive. A FICCI report says more items will move to the 5% tax slab, reducing effective GST rates and boosting disposable incomes.
India’s net direct tax collections rose 9% to Rs 10.82 lakh crore till Sept 17, 2025. Corporate and non-corporate tax payments drove growth, while refunds fell nearly 24%.
CBIC FAQ-4 clarifies revised MRP rules after GST cuts. Newspaper ads waived; manufacturers must send circulars to dealers and ensure price compliance at retailer level.
Finance Ministry issues corrigenda to GST rate notifications dated Sept 17, 2025, correcting minor errors in Central, Integrated and UT Tax rate entries.
FM Nirmala Sitharaman rules out compensation to states for GST rate cuts, says revenue loss is shared equally. GST 2.0 to inject Rs 2 lakh crore into the economy from September 22.
India’s GST revenues have rebounded after past rate cuts, with the GST-to-GDP ratio stabilising at 6.7%. Economists say GST 2.0 may cause a short dip but boost compliance and growth in the medium term.
FM Nirmala Sitharaman says new GST reforms will inject ₹2 lakh crore into the economy, cut rates, ease compliance, and boost Bengal’s handicrafts, tea, jute and garment sectors ahead of Durga Puja.
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