GST 2.0: The GST 2.0 reform in India came into force from Monday, September 22 and the customers showed tremendous enthusiasm. On the occasion of things cheap and discounts on the occasion of Navratri, crowds of people gathered in shops. Almost every segment has good purchases. On Monday, there was a huge jump in the sale of air-conditioner and TV sets. Since under GST reforms, many important and food items have also been reduced, so the surrounding grocery stores were also seen to be a large crowd of people. In many places, customers were also seen arguing with shopkeepers about the revised MRP on packaged food items.

Battle of e-commerce companies

Due to the low prices of many things in GST 2.0, consumer spending is likely to increase in the festive season. A large part of the annual revenue of e-commerce companies is generated by sales in the festive season. Experts believe that improvement in GST can lead to a bounce of 15-20 percent in the festive season sale as the demand for electronics items of many premium categories can be seen. According to media reports, Prateek Shetty, Vice President of Growth and Marketing in Flipkart, said, “We are looking at the improvement in GST as a revolutionary change, which will promote consumption and provide things to customers on the right value in this festive season.”

Packed crowd seen at shops

Despite the first day of the working week on Monday, a crowd of customers was seen from the automobile showroom to the online platform. Earlier, there were four slabs, 12 percent, 18 percent and 28 percent in the GST structure of the country, which has now been divided into two slabs- 5 percent and 18 percent. This has made about 99 percent of daily use cheaper, which has given a lot of relief to consumers.

Alam is that with the implementation of the tax reform, people started shopping. In e-commerce company Flipkart and Amazon, retailers saw a jump in categories ranging from fashion to domestic essential commodities. Orders of fashion brand Snich also gained 40 percent, while The Pant Project recorded an increase of 15-20 percent compared to last year. Shadow Itel also saw an increase of 151 % in the traffic of domestic essential commodities as compared to last week.

TV-AC also sold a lot

TV manufacturing company Super Plastronics Private Limited (SPPL) CEO Avneet Singh Marwah, which has a license for all global brands like Thomson, Kodak, Blogt, said that sales have jumped 30 to 35 percent on the first day of GST 2.0. He said, “Sales of 43-inch screen size and 55-inch screen size TV sets rose by 30 to 35. During this time the air conditioner also sold a lot. The price of Spild AC declined by Rs 3000-5000, while premium TVs saw a cut of up to Rs 85,000.

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GST 2.0: The 56th meeting of GST Council lasted from 3-4 September. In this, Finance Minister Nirmala Sitharaman announced some major changes in Goods and Services Tax. Under GST Reforms, 12 percent and 28 percent tax slabs have now been abolished to only 5 percent and 18 percent.

GST rates have been given relief on goods used in everyday life, while it has also been decided to impose 40 percent GST on some selected items. It is being told that this will promote consumption in the country, will speed up the economy and will also help in reducing the impact of the tariff imposed in America. The new rates of GST will be implemented from 22 September i.e. the first day of Navratri.

The economic base of the country will be strong

According to the Times of India report, Ashok P. Hinduja, chairman of the Hinduja Group of Companies (India), says that this step will strengthen India’s economic base by promoting demand at the ground level. He said, “This is an essential step taken to promote consumption by reducing the impact of global economic challenges created by the US tariffs.” It will have a large -scale positive effect on both upstream and downstream sectors. ”

Mahindra Group Chairman Anand Mahindra also said through a post on X, “Now we have joined this battle … more and faster improvement is the safest way to promote consumption and investment. These reforms will expand the economy and raise the voice of India in the world. ”

We have now joined the battle…

More and faster reforms are the surest way to unleash consumption and investment.
That, in turn, will expand the economy and amplife India’s voice in the world.

But let’s remember the famous exhortation of swami vivekananda:
“Arise, Awake, and… https://t.co/rdortjscw1

– Anand Mahindra (@anandmahindra) September 3, 2025

Many benefits of simplifying tax rates

FICCI President Harsh Vardhan Aggarwal also said that there will be many benefits to simplify tax rates. He said, “This is a perfect step taken to promote development and keep inflation under control.” Industry experts say that the essential things like dairy, medicines and household items will directly benefit.

This time is favorable for retail and consumer facing sectors. Rajneesh Kumar, head of corporate affairs in Flipkart Group, said that in the festive season, the market will increase the market and everyone will come forward in the journey of developed India. Ahmed Abdel Wahab, general manager of Mars Rigli India, welcomed the GST rate on FMCG products including chocolate, saying that this will give an opportunity to innovate the industry and support retailers across the country.

Development will get a boost

Sadaf Saeed, CEO of Muthoot Microfin, said that the policy rate will be strengthened due to the recently cut rate cut by the Reserve Bank and GST reforms. He said, “As the benefits of interest rates will be effective, we can expect that consumption will naturally increase, which will naturally increase, which will give further promotion to growth.”

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