Overview

• The new structure collapses most GST rates into 5% and 18% with a separate 40% band for sin and luxury items such as tobacco, aerated sugary drinks, and online gaming.
• FMCG and appliance makers have issued revised price lists effective Sept. 22, with soaps, shampoos, razors and several air conditioners and dishwashers marked down; Amul cut prices across 700-plus packs, and Rail Neer reduced bottled water MRPs.
• Autos and daily-use goods see relief as small cars and two-wheelers move to 18%, several staples shift to 5% or zero, and health and life insurance premiums are exempt from GST.
• The Centre notified the rates on Sept. 17 and coordinated rollout steps with CBIC and GSTN, including faster registrations, quicker refunds, pre-filled returns and outreach to retailers and e-commerce platforms.
• Consumers have been advised to verify MRPs because old packaging can be sold until March 31, 2026, with corrected prices applied via stickers or stamps, and some shopkeepers may need time to update billing.