India will see a major shift in prices starting today (Monday, Sep 22) as the new GST rates kick in. Prime Minister Narendra Modi, addressing the nation on Sunday (Sep 21), called it nothing less than a “Bachat Utsav” (savings festival), claiming the combined impact of tax reforms and GST cuts will put nearly ₹2.5 lakh crore back into people’s pockets.<h2>Everyone to benefit, says Modi</h2>According to Modi, the recent income tax changes have already helped the middle class, and the new GST revisions will now extend relief to the poor and the neo-middle class. He said that people will now be able to spend money on what they wish for. “From youth, farmers, and women to shopkeepers, traders, and entrepreneurs—everyone will gain from this Bachat Utsav. This festive season, every family will have something to celebrate,” he said.Also read | <a href="https://www.wionews.com/india-news/pm-modi-hails-next-gen-gst-reforms-in-his-address-to-nation-extends-navratri-wishes-1758447609162">PM Modi hails 'next gen GST reforms' in his address to nation</a><h2>So, what exactly gets cheaper with the GST reforms? Here’s the lowdown:</h2><h3>Home appliances</h3>Split air conditioners will cost between ₹2,800 and ₹5,900 less, while window units get cheaper by roughly ₹3,400. Dishwashers, once seen as luxury products, will drop by as much as ₹8,000. Big screen TVs, especially premium models above 65 inches (165.1 cm), see price cuts ranging from a few thousand rupees to over ₹85,000 for the largest sets.<h2>Everyday grooming needs</h2>Items like soaps, shampoos, hair oil, toothpaste, and shaving creams move to the 5 per cent tax slab. Baby diapers, nappies and feeding products also become more affordable.Also read | <a href="https://www.wionews.com/india-news/trump-just-made-it-nearly-impossible-for-indians-to-work-in-the-us-here-s-how-us-hikes-h-1b-fee-to-100-000-or-90-lakh-1758336080621">Trump just made it nearly impossible for Indians to work in the US — Here's how</a><h3>Everyday household needs</h3>For the kitchen, ghee, butter, paneer, chocolates, sauces, and even instant noodles will see noticeable price drops. Ultra-high temperature milk and Indian breads like chapati, roti, and parantha are now completely tax-free.<h3>Healthcare</h3>Thirty-three lifesaving drugs lose their tax burden entirely, while many others see rates cut from 12 per cent to 5 per cent. Diagnostic kits, surgical tools, and medical devices also get cheaper. Perhaps the most impactful change in this reform is that life and health insurance policies are now fully exempt from GST, cutting costs for millions of families.<h3>Vehicles</h3>From scooters and commuter bikes to compact SUVs, price reductions stretch from a few thousand rupees to several lakhs. Budget hatchbacks could be ₹40,000-75,000 cheaper, while luxury SUVs may see price cuts exceeding ₹4 lakh. Even commercial vehicles like buses and ambulances benefit, which may ease transport costs more broadly.<h3>Other sectors</h3>Cement prices fall as the GST rate drops to 18 per cent, a big relief for home builders and infrastructure projects. Farmers benefit from cheaper tractors and fertiliser components.<h3>Hotels</h3>Hotel rooms priced below ₹7,500 a night now attract only 5 per cent GST.School supplies: Students will also save on essentials like pencils, crayons, sharpeners, and exercise books, all of which are moved to the tax-free slab.&nbsp;&nbsp;

Effective today, new GST rates will make many products and services cheaper. Calling it a "Bachat Utsav," or savings festival, Prime Minister Modi said that it will put ₹2.5 lakh crore back in people's pockets. Here's what will get cheaper.

India will see a major shift in prices starting today (Monday, Sep 22) as the new GST rates kick in. Prime Minister Narendra Modi, addressing the nation on Sunday (Sep 21), called it nothing less than a “Bachat Utsav” (savings festival), claiming the combined impact of tax reforms and GST cuts will put nearly ₹2.5 lakh crore back into people’s pockets. Everyone to benefit, says Modi According to Modi, the recent income tax changes have already helped the middle class, and the new GST revisions will now extend relief to the poor and the neo-middle class. He said that people will now be able to spend money on what they wish for. “From youth, farmers, and women to shopkeepers, traders, and entrepreneurs—everyone will gain from this Bachat Utsav. This festive season, every family will have something to celebrate,” he said. Also read | PM Modi hails 'next gen GST reforms' in his address to nation So, what exactly gets cheaper with the GST reforms? Here’s the lowdown: Home appliances Split air conditioners will cost between ₹2,800 and ₹5,900 less, while window units get cheaper by roughly ₹3,400. Dishwashers, once seen as luxury products, will drop by as much as ₹8,000. Big screen TVs, especially premium models above 65 inches (165.1 cm), see price cuts ranging from a few thousand rupees to over ₹85,000 for the largest sets. Everyday grooming needs Items like soaps, shampoos, hair oil, toothpaste, and shaving creams move to the 5 per cent tax slab. Baby diapers, nappies and feeding products also become more affordable. Also read | Trump just made it nearly impossible for Indians to work in the US — Here's how Everyday household needs For the kitchen, ghee, butter, paneer, chocolates, sauces, and even instant noodles will see noticeable price drops. Ultra-high temperature milk and Indian breads like chapati, roti, and parantha are now completely tax-free. Healthcare Thirty-three lifesaving drugs lose their tax burden entirely, while many others see rates cut from 12 per cent to 5 per cent. Diagnostic kits, surgical tools, and medical devices also get cheaper. Perhaps the most impactful change in this reform is that life and health insurance policies are now fully exempt from GST, cutting costs for millions of families. Vehicles From scooters and commuter bikes to compact SUVs, price reductions stretch from a few thousand rupees to several lakhs. Budget hatchbacks could be ₹40,000-75,000 cheaper, while luxury SUVs may see price cuts exceeding ₹4 lakh. Even commercial vehicles like buses and ambulances benefit, which may ease transport costs more broadly. Other sectors Cement prices fall as the GST rate drops to 18 per cent, a big relief for home builders and infrastructure projects. Farmers benefit from cheaper tractors and fertiliser components. Hotels Hotel rooms priced below ₹7,500 a night now attract only 5 per cent GST. School supplies: Students will also save on essentials like pencils, crayons, sharpeners, and exercise books, all of which are moved to the tax-free slab.

Effective today, new GST rates will make many products and services cheaper. Calling it a "Bachat Utsav," or savings festival, Prime Minister Modi said that it will put ₹2.5 lakh crore back in people's pockets. Here's what will get cheaper.

PM Modi calls GST cuts a ‘Bachat Utsav’: From food to cars, what gets cheaper in India. All you need to know

A day after the Indian government revised and cut GST slabs and rates after the GST council meeting, Opposition parties have &nbsp;responded positively to the changes, including senior Congress leader P Chidambaram, who has remained as the finance minister of the country during the United Progressive Alliance (UPA) government led by the Congress party.&nbsp;Reacting to the announce by the GST Council of rationalising GST rates to two slabs of 5 per cent and 18 per cent by merging the 12 per cent and 28 per cent rates, the former finance minister welcomed the move, but raised question on the delay in announcing the revised GST, as he said the move should have come eight years back.&nbsp;Taking to X on Wednesday, the former finance minister wrote, "The GST rationalisation and the reduction in rates on a range of goods and services are WELCOME but 8 years TOO LATE. The current design of GST and the rates prevailing until today ought not to have been introduced in the first place. We have been crying hoarse for the last 8 years against the design and rates of GST, but our pleas fell on deaf ears."&nbsp;He also questioned the timing of the revised GST announcement, pointing towards the 50 per cent tariffs introduced by the US President Donald Trump on India.&nbsp;"It will be interesting to speculate on what drove the government to make the changes: Sluggish growth? Rising household debt? Falling household savings? Elections in Bihar? Mr Trump and his tariffs? All of the above?" he added.&nbsp;Mamata Banerjee's TMC hails new GST announcement&nbsp;The move to announce new GST rates was also welcomed by Mamata Banerjee's Trinamool Congress (TMC) that has been a staunch critic of PM Narendra Modi and his Bharatiya Janata Party (BJP). The party, however, accused the government of only acting "when cornered".&nbsp;"A victory wrested from a tone-deaf regime that only listens when forced. From day one, Smt. @MamataOfficial warned the Finance Minister that taxing insurance premiums was cruel, anti-people, and would deter families from securing their future, leaving them vulnerable to financial ruin in times of crisis. The @narendramodi Govt. has finally buckled under pressure. This rollback proves that @BJP4India only acts when cornered. We will continue to fight every such Jono-Birodhi decision, in Parliament, on the streets, among the people," the TMC said in a statement on X.

<blockquote class="twitter-tweet">A victory for common people. A victory wrested from a tone-deaf regime that only listens when forced. From day one, Smt. <a href="https://twitter.com/MamataOfficial?ref_src=twsrc%5Etfw">@MamataOfficial</a> warned the Finance Minister that taxing insurance premiums was cruel, anti-people, and would deter families from securing their future,… <a href="https://t.co/8ya9etOs4Y">https://t.co/8ya9etOs4Y</a> <a href="https://t.co/4Hav2SjIdp">pic.twitter.com/4Hav2SjIdp</a>&mdash; All India Trinamool Congress (@AITCofficial) <a href="https://twitter.com/AITCofficial/status/1963294960255734253?ref_src=twsrc%5Etfw">September 3, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Chidambaram also questioned the timing of the revised GST announcement, pointing towards the 50 per cent tariffs introduced by the US President Donald Trump on India.

A day after the Indian government revised and cut GST slabs and rates after the GST council meeting, Opposition parties have responded positively to the changes, including senior Congress leader P Chidambaram, who has remained as the finance minister of the country during the United Progressive Alliance (UPA) government led by the Congress party. Reacting to the announce by the GST Council of rationalising GST rates to two slabs of 5 per cent and 18 per cent by merging the 12 per cent and 28 per cent rates, the former finance minister welcomed the move, but raised question on the delay in announcing the revised GST, as he said the move should have come eight years back. Taking to X on Wednesday, the former finance minister wrote, "The GST rationalisation and the reduction in rates on a range of goods and services are WELCOME but 8 years TOO LATE. The current design of GST and the rates prevailing until today ought not to have been introduced in the first place. We have been crying hoarse for the last 8 years against the design and rates of GST, but our pleas fell on deaf ears." He also questioned the timing of the revised GST announcement, pointing towards the 50 per cent tariffs introduced by the US President Donald Trump on India. "It will be interesting to speculate on what drove the government to make the changes: Sluggish growth? Rising household debt? Falling household savings? Elections in Bihar? Mr Trump and his tariffs? All of the above?" he added. Mamata Banerjee's TMC hails new GST announcement The move to announce new GST rates was also welcomed by Mamata Banerjee's Trinamool Congress (TMC) that has been a staunch critic of PM Narendra Modi and his Bharatiya Janata Party (BJP). The party, however, accused the government of only acting "when cornered". "A victory wrested from a tone-deaf regime that only listens when forced. From day one, Smt. @MamataOfficial warned the Finance Minister that taxing insurance premiums was cruel, anti-people, and would deter families from securing their future, leaving them vulnerable to financial ruin in times of crisis. The @narendramodi Govt. has finally buckled under pressure. This rollback proves that @BJP4India only acts when cornered. We will continue to fight every such Jono-Birodhi decision, in Parliament, on the streets, among the people," the TMC said in a statement on X.

Chidambaram also questioned the timing of the revised GST announcement, pointing towards the 50 per cent tariffs introduced by the US President Donald Trump on India.

New GST rates: Former FM Chidambaram, TMC welcome changes but question timing amid Trump tariff

India’s Union Finance Minister Nirmala Sitharaman on Wednesday (Sep 3) announced new reforms after the GST council meeting in the capital, as different sectors learnt their fate. While the agriculture and medical sectors received attention, it is the entertainment and sports sector that was also in the limelight after the new GST reforms were announced late Wednesday evening. So, will attending an IPL match in the nation gets costlier or cheaper? Here’s what the new reforms state.<h2>Will attending IPL matches get costlier or cheaper?</h2>“For all specified actionable claims, including betting, casinos, gambling, horse racing, lottery and online money gaming, GST rate of 40% will apply. Admission to sporting events like IPL will attract 40% GST. However, this rate of 40% will not apply to admission to recognized sporting events,” a detailed statement in the circular released by the GST council on new reforms read.&nbsp;“Admission to other sporting events, including recognised sporting events where the ticket price is not more than Rs. 500, continues to be exempt, and if the ticket price is more than Rs. 500, it continues to be taxed at the standard rate of 18%,” it further added.&nbsp;ALSO READ | <a href="https://www.wionews.com/photos/from-rohit-sharma-to-virat-kohli-here-is-a-look-at-five-indian-batters-with-most-runs-in-asia-cup-odis-t20is-sachin-tendulkar-ms-dhoni-dhawan-1754123070628">From Rohit Sharma to Virat Kohli, 5 Indian batters with most runs in Asia Cup (ODIs + T20Is)</a><h2>What else happened in GST Council meeting?</h2>The GST Council meeting approved a two-tier structure of 5 per cent and 18 per cent, and a special tax of 40 per cent for luxury and sin goods. Sitharaman said the decision was taken unanimously and will come into effect from 22 Sep 2025, with the exception of tobacco products, based on certain conditions. The Council will also meet on Thursday (Sep 4). Calling it a ‘historic Diwali gift for the nation’, Sitharaman said that these next-generation GST reforms are for ease of living and to build an Aatmanirbhar Bharat.&nbsp;ALSO READ | <a href="https://www.wionews.com/sports/cricket-asia-cup-2025-full-squads-complete-fixtures-date-time-venue-and-live-streaming-details-check-all-details-1755585771834">Asia Cup 2025: All you need to know - full squads, complete fixtures, date, time, venue and other key details</a>&nbsp;After the announcements, Prime Minister Narendra Modi said that the government's intention was to bring the next-generation reforms in GST to “ensure ease of doing business for all, especially small traders and businesses.”&nbsp;ALSO READ | <a href="https://www.wionews.com/sports/cricket-asia-cup-2025-india-s-probable-playing-xi-shubman-gill-to-open-sanju-samson-at-no-3-tilak-varma-to-miss-out-1755663441686">Asia Cup 2025, India's Probable Playing XI: Shubman Gill to open, Sanju Samson at No.3; Tilak Varma to miss out</a>&nbsp;“The Union Government had prepared a detailed proposal for broad-based GST rate rationalisation and process reforms, aimed at ease of living for the common man and strengthening the economy,” the PM said.

While the agriculture and medical sectors received attention, it is the entertainment and sports sector that was also in the limelight after the new GST reforms were announced late Wednesday evening.

India’s Union Finance Minister Nirmala Sitharaman on Wednesday (Sep 3) announced new reforms after the GST council meeting in the capital, as different sectors learnt their fate. While the agriculture and medical sectors received attention, it is the entertainment and sports sector that was also in the limelight after the new GST reforms were announced late Wednesday evening. So, will attending an IPL match in the nation gets costlier or cheaper? Here’s what the new reforms state. Will attending IPL matches get costlier or cheaper? “For all specified actionable claims, including betting, casinos, gambling, horse racing, lottery and online money gaming, GST rate of 40% will apply. Admission to sporting events like IPL will attract 40% GST. However, this rate of 40% will not apply to admission to recognized sporting events,” a detailed statement in the circular released by the GST council on new reforms read. “Admission to other sporting events, including recognised sporting events where the ticket price is not more than Rs. 500, continues to be exempt, and if the ticket price is more than Rs. 500, it continues to be taxed at the standard rate of 18%,” it further added. ALSO READ | From Rohit Sharma to Virat Kohli, 5 Indian batters with most runs in Asia Cup (ODIs + T20Is) What else happened in GST Council meeting? The GST Council meeting approved a two-tier structure of 5 per cent and 18 per cent, and a special tax of 40 per cent for luxury and sin goods. Sitharaman said the decision was taken unanimously and will come into effect from 22 Sep 2025, with the exception of tobacco products, based on certain conditions. The Council will also meet on Thursday (Sep 4). Calling it a ‘historic Diwali gift for the nation’, Sitharaman said that these next-generation GST reforms are for ease of living and to build an Aatmanirbhar Bharat. ALSO READ | Asia Cup 2025: All you need to know - full squads, complete fixtures, date, time, venue and other key details After the announcements, Prime Minister Narendra Modi said that the government's intention was to bring the next-generation reforms in GST to “ensure ease of doing business for all, especially small traders and businesses.” ALSO READ | Asia Cup 2025, India's Probable Playing XI: Shubman Gill to open, Sanju Samson at No.3; Tilak Varma to miss out “The Union Government had prepared a detailed proposal for broad-based GST rate rationalisation and process reforms, aimed at ease of living for the common man and strengthening the economy,” the PM said.

While the agriculture and medical sectors received attention, it is the entertainment and sports sector that was also in the limelight after the new GST reforms were announced late Wednesday evening.&nbsp;

Will attending IPL matches get costlier or cheaper, here's what new GST reforms state

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PM Modi calls GST cuts a ‘Bachat Utsav’: From food to cars, what gets cheaper in India. All you need to know

New GST rates: Chidambaram, TMC welcome changes but question timing

New GST Reforms: Will attending IPL matches get costlier or cheaper?