Overview
- An RBI bulletin says the simplified GST structure should lower retail prices, improve ease of doing business and strengthen consumption drivers over time.
- CBIC is collecting brand-wise pre- and post-September 22 price data by September 28 and will escalate any large-scale non-adherence, with paper and insurance flagged for further review.
- The Consumer Affairs Ministry has opened a GST category on the INGRAM portal and will probe price manipulation tactics such as minor model tweaks, as companies pass benefits via cuts or added grammage.
- Early pass-through is uneven: NDTV’s check shows roughly 8–10% household savings on select items, Goa inspections found no violations, and a West Bengal dealer reported unchanged consumer prices for certain dairy products.
- Operational changes are being phased in, including 90% provisional exporter refunds from next month and work on automated returns, while political reactions diverge as UP leaders praise relief and Tamil Nadu’s chief minister questions the Centre’s credit and funding.