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The government has instructed all pharma firms to change the Maximum Retail Price (MRP) on their products based on the GST cuts, effective from September 22, 2025.

Govt Directs Pharma Firms to Revise MRPs of Medicines and Medical Devices Following GST Rate Cut

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The 56th GST Council meeting removed the Rs. 400 per ton cess on coal, raised GST to 18%, rationalized tax incidence to 39.81%, and reduced power generation cost by 17–18 paise per unit.

GST 2.0: Big Relief for Coal Sector as Cess Removed, Boost to Aatmanirbhar Bharat

The recent GST reductions on mining materials, household items, and handicrafts aim to lower costs, support MSMEs, and benefit rural and urban consumers.

GST Rate Cuts in Mining Sector to Boost Housing, MSMEs, and Rural Livelihoods

In line with the GST Council’s reforms, Eicher extends benefits directly to customers, boosting affordability, fleet modernization, and growth in the logistics sector.

Eicher Extends Full GST Benefits to Customers on Trucks and Buses

Kotak Life CEO Mahesh Balasubramanian, in an interview with Moneycontrol, said GST is also exempted on renewal premiums, effective from September 22, 2025

Kotak Life CEO Mahesh Balasubramanian Says, Renewal Premiums will Also Be Exempt from GST, Effective Sept 22

The removal of GST compensation cess lowers prices for consumers but leaves businesses grappling with unused credits, old stock, and compliance costs.

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Govt Directs Pharma Firms to Revise MRPs of Medicines and Medical Devices Following GST Rate Cut

GST 2.0: Big Relief for Coal Sector as Cess Removed, Boost to Aatmanirbhar Bharat

GST Rate Cuts in Mining Sector to Boost Housing, MSMEs, and Rural Livelihoods

Eicher Extends Full GST Benefits to Customers on Trucks and Buses

Kotak Life CEO Mahesh Balasubramanian Says, Renewal Premiums will Also Be Exempt from GST, Effective Sept 22

GST 2.0: Compensation Cess Removed on Most Goods, Sin Goods Still Under High Tax Net