By Safe Investment September 4, 2025
GST 2.0: Experts say that if you want to save money, you should stop shopping plans till August 21. The current rates of GST will be applicable on things till September 21. GST will be applicable on things at new rates from September 22
The decision of the GST Council is going to be implemented from 22 September. After this, the prices of thousands of things will decrease. The special thing is that Shardiya Navratri is starting from 22 September. Every year big shopping is done at this time. These include bikes and cars. Shopkeepers and companies offer bumper discounts. Now the benefit of shopping is going to double due to the reduction in GST. The implementation of only 5% and 18% slabs of GST means that everything from shampoo to car is going to become cheaper. You will get these things cheaper from 22 September. So should you stop shopping plans till 21 September?
Goods will be sold at new GST rates from 22 September
Experts say that if you want to save money, you should stop shopping plans till 21 August. Deloitte India partner Hardik Gandhi said, "New GST rates should be visible on invoices from 22 September. Retailers cannot sell you goods at old GST rates, even if their adjustment with distributors is pending." He said that the government has also made it clear that it will not put much emphasis on anti-profiteering rules. But, the government hopes that companies will pass on the benefit of reduction in GST to customers. This means that if GST on any item is reduced by 10 percent, then this reduction will also be visible in its price.
Businesses have got time to implement the changes in GST
KPMG's National Head (Indirect Tax) in India Abhishek Jain said, "The current rates of GST will be applicable on items till September 21. GST will be applicable on items at new rates from September 22." Prime Minister Narendra Modi had announced the reduction in GST from the ramparts of the Red Fort on August 15. This means that the industry has got enough time to implement the changes in GST. Usually, the decisions of the GST Council are implemented within a few days of the notification being issued. This time, businesses have got three weeks of time. This is enough to make changes in the IT system, billing software and points of sale machines.
Items already lying in stock can increase dealers' problems
The question is, what will happen to the items already lying with distributors and dealers? Manufacturers would have deducted their bills at the old GST rates. But, from September 22, they will have to sell the items at the new rates. Jain said, "As per the new circulars of the government, refunds will not be available under the inverted duty structure for this change in GST rates. This is a big problem. Some companies may be willing to compensate the dealer for the loss. But, it will not be possible for all companies to do so."
Manufacturers can give relief to distributors and dealers
Distributors may have to bear losses on the goods already lying with them. Suppose a distributor has an AC worth Rs 20,000 lying with him, on which the GST rate is 28% right now. If the distributor sells it after 21 September, then 18% GST will be levied on it. This means that if the manufacturer does not bear the burden of this 10% himself, then the distributors will have to bear it themselves. Due to this, there is confusion between distributors and dealers. There is not much problem in case of everyday items, because they are consumed daily.
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