Overview

• India’s GST overhaul consolidates rates into 5% and 18% with a 40% demerit band, replacing the 12% and 28% slabs across many goods and services from September 22.
• Retailers report confusion over revised MRPs in Hyderabad as authorities warn of action for non–pass-through, with Legal Metrology rules allowing dual price declarations on existing stock until December 31, 2025.
• Suzuki Motorcycle India will cut ex-showroom prices across scooters and motorcycles and reduce spare-part costs, delivering savings up to Rs 18,024 per model effective September 22.
• Agriculture Minister Shivraj Singh Chouhan pressed farm-equipment makers to pass on lower rates, citing expected drops of Rs 41,000–63,000 on tractors by horsepower and reductions on implements such as rice transplanters and threshers.
• FICCI and brokerages project a consumption lift and curbs on illicit trade under the new structure, while Crisil says the estimated short-term revenue hit of about Rs 48,000 crore looks manageable as compliance and demand improve.