Finance Minister Nirmala Sitharaman on Saturday (October 18, 2025) said the benefits of GST reforms are reaching consumers in the form of reduced prices.

Addressing a press conference on GST Bachat Utsav, she said the government has been monitoring price cuts in 54 items across the country since the lower GST rates came into effect on September 22.

“GST rate reduction has resulted in increase of purchases. The consumption drive will continue,” Ms. Sitharaman said.

“We are convinced that on every such items benefits are being passed on by companies,” she added.

In case of some items, businesses have passed on to consumers higher than the weighted-average GST rate cut benefits.

Mr. Sitharaman said the Department of Consumer Affairs has received 3,169 complaints related to non-reduction in prices commensurate with the GST cut. Of this, 3,075 complaints have been forwarded to nodal officers in the Central Board of Indirect Taxes and Customs (CBIC). Total 94 complaints have been resolved by the department.

The department will enable a functionality on the grievance reporting portal so that the complaints can be forwarded to the chief commissioners of the respective zones from where complaints have come in, the Minister said.

New lower GST rates kicked in from September 22, resulting in slashing of prices of as many as 375 items ranging from toothpaste and shampoo to cars and television sets.

Tax rates of 5, 12, 18, and 28 per cent have been clubbed into two rates of 5% and 18%, resulting in a reduced price of 99% of daily use items.

Honda Motorcycle and Scooter India (HMSI) on Thursday (September 11, 2025) said price of its models up to 350 cc would come down by up to ₹18,800 with it passing on the GST rate cut benefit to customers.

The company will pass on full benefits of the recent GST rate reduction to its customers across its product portfolio, the company said in a statement.

This will include both scooters and motorcycles up to 350 cc category, it added.

Following the GST Council’s decision to reduce GST on two-wheelers from 28 to 18%, the customers will now enjoy significant ex-showroom price savings of up to ₹18,800, depending on the model, HMSI said.

“The reduction in GST on two-wheelers and spare parts is a timely and forward-looking step, making vehicles more affordable and strengthening the overall ecosystem,” HMSI Director, Sales and Marketing, Yogesh Mathur said.