Business news · Policy & Regulation · 25 Sept 2026
IN Fast Moving Consumer Goods Information Technology Consumer Services Services
The 57th GST Council meeting, rescheduled to October 7, is focused on process reforms rather than rate changes. Items include e-invoicing, input tax credit rules and a review of last year's rate rationalisation. Finance Minister Nirmala Sitharaman said process reforms had been deferred from the previous meeting, which dealt with rates. She also sought industry input on how to tax digital transactions, AI, robotics, the gig economy, virtual digital assets and global capability centres. The government is open to a mechanism to decide whether digital transactions count as goods or services.
Since no headline rate changes are planned, the direct effect on consumer prices and on FMCG or auto demand looks small. The parts that matter are compliance and working capital: changes to input tax credit and e-invoicing rules affect cash flows for manufacturers and distributors. Whether digital transactions are classed as goods or services decides the applicable tax for internet platforms, software and gig-economy businesses. That makes the discussion on AI, gig work and GCCs relevant to listed IT and consumer-internet companies.
Reported by IANS (via NewKerala) — “GST Council October 7 Meet to Focus on Process Reforms, Not Rate Cuts” ↗ on 25 Sept 2026.
NSE stocks, from the last close on or before 25 Sept 2026 to the close on 16 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Fast Moving Consumer Goods | 47 | -2.5% | 11 of 47 | +1.3 pts |
| Information Technology | 40 | +6.7% | 28 of 40 | +10.5 pts |
| Consumer Services | 46 | -3.2% | 15 of 46 | +0.6 pts |
| Services | 30 | -2.8% | 9 of 30 | +1.0 pts |
| All tracked stocks | 804 | -3.8% | 199 of 804 | — |
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