21/07/2026
GST just turned nine, and the milestone numbers everyone's citing (taxpayers up, collections up) don't actually answer the question brands care about: did last September's rate cuts make anything cheaper for consumers?
Turns out, it depends a lot on the category. Some prices dropped fast, others quietly didn't move at all โ the tax cut just got absorbed into margin instead. We broke down what nine months of pass-through data shows, and the three things brands should be measuring before festive season planning kicks in ๐
Nine months after India's GST 2.0 reform, did rate cuts actually reach consumers? What brands should be measuring for H2 2026 โ and why aggregate data isn't enough.