Overview

• From Sept. 22, the reworked GST has two slabs at 5% and 18% with a 40% band for de‑merit items, while tobacco stays at 28% plus cess until Dec. 31.
• Automakers are publishing revised prices: Tata Motors touts savings up to Rs 1.55 lakh, Honda up to Rs 95,500, Bajaj cuts up to Rs 24,000 on three‑wheelers, and luxury brands see reductions up to about Rs 11 lakh; EV GST remains at 5%.
• Jaguar Land Rover says it is passing on full benefits immediately, with model‑wise cuts of roughly Rs 4.5 lakh to Rs 30.4 lakh across Range Rover, Defender and Discovery lines.
• Dealers warn of transitional losses on compensation‑cess credits stuck in ledgers, with FADA estimating about Rs 2,500 crore exposure as some outlets pause new billing; an inter‑ministerial meeting took up the issue.
• CBIC chief Sanjay Kumar Agarwal urged proactive ‘handholding’ of businesses, flagged faster refunds and a simplified, automated registration option from Nov. 1, as the finance minister framed a roughly Rs 48,000 crore revenue gap to be offset by stronger consumption.