Maruti Suzuki India, the country’s largest carmaker, on Thursday said it will cut vehicle prices by up to Rs 1.29 lakh from September 22, passing on the benefit of a GST rate reduction to customers.According to the company’s regulatory filing, entry-level model S-Presso will see the steepest reduction of Rs 1,29,600, followed by Alto K10 with a cut of up …
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MUMBAI: E-commerce majors Amazon and Flipkart have begun updating their internal systems to ensure that scores of sellers registered with their platforms are able to pass on the benefits from GST rate reductions to their customers from Sept 22, the day the new tax slabs take effect. “To ensure seamless compliance, we are proactively updating our systems with the revised …
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The sweeping GST rate reductions announced this week will bolster consumer spending and benefit sectors such as footwear, quick-service restaurants (QSRs), FMCG, and grocery retail, according to Global financial consultancy Bernstein. In a report, Bernstein flagged a notable shift: the reduction of GST on personal care and household products — including soaps, shampoo, hair oil, powder and toothpaste — from …
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