GST 2.0: New Rates Take Effect from September 22
The Indian market is gearing up for GST 2.0, which comes into effect from Monday, September 22. The new structure simplifies GST into two main slabs of 5% and 18%, while luxury and non-essential goods will attract a 40% tax. Tobacco products remain in the 28% plus cess category.
Currently, GST is levied under four slabs—5%, 12%, 18%, and 28%. The government has directed industries to ensure that the revised tax benefits are fully passed on to consumers.
Which Companies Have Reduced Prices Under GST 2.0?
Electronics and Home Appliances
Leading companies like Voltas, Daikin, Haier, Godrej, LG, and Panasonic have announced price cuts on air conditioners and dishwashers ranging from ₹1,610 to ₹8,000.
Godrej Appliances: Price reduced by ₹8,550 to ₹12,450 on cassette and tower ACs.
Haier: Reduced AC prices by ₹3,202–₹3,905.
Voltas: Cut prices by ₹3,400–₹3,700.
Daikin: Discounts of ₹1,610–₹7,220.
LG Electronics: Price reduction of ₹2,800–₹3,600.
Panasonic: Discounts between ₹4,340–₹5,500.
These companies expect sales to jump over 10% during Navratri.
Amul Price Cuts on 700 Products
Dairy giant Amul has slashed prices across 700 products, including ghee, butter, cheese, and packaged milk.
Ghee: Now ₹40 cheaper, reduced from ₹610/kg.
Butter (100g): ₹58 instead of ₹62.
Cheese (200g): ₹95 instead of ₹99.
Packaged Milk: ₹2–₹3 cheaper.
Mother Dairy has also announced similar reductions earlier.
Mahindra & Mahindra SUVs – Savings up to ₹2.56 Lakh
Automobile major Mahindra & Mahindra is offering huge benefits on SUVs under GST 2.0.
Bolero Neo: Price cut by ₹1.27 lakh (ex-showroom).
Additional benefits: ₹1.29 lakh.
Total savings: ₹2.56 lakh.
Rail Neer and Packaged Water
The Indian Railways has also reduced the prices of Rail Neer bottled water.
1-liter bottle: ₹14 (earlier ₹15).
Half-liter bottle: ₹9 (earlier ₹10).
Other brands under IRCTC have also reduced prices accordingly.
Special Consumer Helpline Section for GST Complaints
To ensure transparency, the government has added a special GST-related complaints section on the National Consumer Helpline (NCH) Ingram portal. It covers categories like Automobile, Banking, E-commerce, FMCG, and more, allowing consumers to raise complaints if companies fail to pass on the benefits of the revised GST rates.
Final Word
With GST 2.0 rolling out on September 22, companies across sectors—electronics, FMCG, automobiles, and even Indian Railways—have cut prices to ensure customers get the full benefit. The move is expected to boost festive sales and provide relief to consumers amid rising inflation.
