After cut in GST, CBIC orders price tracking of 54 items

New Delhi: The Central Board of Indirect Customs and Taxes (CBIC) has directed its field formations to track price changes for various commodities before and after the goods and services tax (GST) rate rationalisation, effective September 22, 2025.

This price tracking will continue for at least six months.

In a letter dated September 9, the CBIC instructed field formations to submit a report by the 20th of each month on approximately 54 commodities, including toiletries, consumer durable items, medicines, toys, and stationery items, among others.

The move aims to monitor the impact of GST rate changes on the prices of goods and services.

The CBIC is also convening a series of meetings with industry associations and trade bodies to discuss the implementation of GST reforms and rate rationalisation.

Meanwhile, the apex indirect tax body has asked field formations to assist businesses to ensure a smooth transition.”This directive aligns with the broader narrative of the Government, which has consistently emphasized the need for industry to ensure that the benefit of GST rate reductions is passed on to consumers,” says Abhishek Jain, Indirect Tax Head & Partner.”With expectations of close monitoring by the authorities, businesses would be well-advised to proactively revisit their pricing and implement robust mechanisms to ensure that the benefits of the rate revisions are appropriately and transparently passed on,” he added.