GST rate cuts, Sept. 18 -- Fast-moving consumer goods (FMCG) giant, ITC Ltd, on Thursday, 18 September 2025, announced that the company has decided to pass on the full benefit to its customers across the firm's portfolio range, after the central government-led GST council decided to revamp the existing tax structure in the economy.

B Sumant, the executive director of ITC, said the reforms have been "transformative for both consumers and businesses," easing compliance and supporting growth.

"The GST rate rationalisation across various sectors will surely bring relief to consumers through enhanced affordability, boosting consumption, and strengthening investments, growth and employment. At ITC, we will pass on the full benefits of the GST...