Reliance Retail To Pass On GST Cut Benefits To Consumers, Says Mukesh Ambani

Reliance Industries Ltd’s retail arm announced on Thursday that it would pass on the benefits of reduced GST rates directly to consumers.

Chairman Mukesh Ambani praised the Centre’s reforms, describing them as a catalyst for consumption-led growth.

“The GST rationalisation is a progressive step that makes products and services more affordable, simplifies business operations, lowers inflation, and drives consumption growth across the retail sector,” Ambani said in a statement.

He added that the tax reforms would act as a positive driver for India’s economy.

Govt Reduces GST Structure to Two Slabs

On Wednesday, the government unveiled a major overhaul of the GST regime, collapsing the earlier five-tier system into two slabs of 5% and 18%, with a special 40% rate on luxury and ‘sin’ goods such as tobacco, cigarettes, and gutkha.

The reform shifted essential staples, including UHT milk, packaged paneer, and common Indian breads (roti, paratha, parotta, and pizza bread), into a zero-tax category to provide relief to households.

The new rates will come into effect from September 22, 2025, just ahead of the festive season of Navratri, Dussehra, and Diwali.

Reliance Retail’s executive director, Isha Ambani, confirmed the company’s commitment to passing on the benefits.

“The new GST regime brings relief to household budgets and simplifies compliance for the industry. Reliance Retail will pass on the entire benefit of the new regime to customers from Day 1 across all consumption baskets,” she said.

Goods that previously attracted 12% or 18% GST, such as butter, ghee, cheese, condensed milk, snacks, pasta, baked foods, chocolates, dried fruits and nuts, and personal hygiene items like shampoos and toothpaste, will now be taxed at just 5%, significantly reducing prices.

Isha Ambani assured consumers that the company would immediately reflect reduced costs.

“Our pledge is simple: whenever costs go down, our customers must see the benefit in their wallets,” she stated.

Reliance Retail said the reforms would also create opportunities for all stakeholders in the retail value chain, including farmers, MSMEs, producers, suppliers, kiranas, and consumers.

Also Read: GST Rate Cuts Spark Optimism Across Corporate India; Set To Boost Consumption & Growth