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Tag: gst new rates india
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GST Rate Cut 2025: Full List of Essentials Getting Cheaper from September 22
The central government, led by Prime Minister Narendra Modi, has given citizens a major Diwali gift through a sweeping GST 2.0 reform. In the latest GST Council Meeting, Finance Minister Nirmala Sitharaman announced that the four old GST slabs will now be reduced to just two major slabs — 5% and 18%, while luxury and…
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Latest GST 2.0 Updates in India (2025): Sector-Wise Impact, Category Classification & Key Changes
India has rolled out GST 2.0, the most comprehensive update to the Goods and Services Tax since its launch in 2017. Effective from September 22, 2025, the reform introduces fewer slabs, lower taxes on essentials, higher levies on luxury/sin goods, and simpler compliance rules. This article explains the new GST rate slabs, provides category-wise classification,…