GST relief: Footwear to get cheaper? Rate on apparels priced up to Rs 2,500 cut to 5%
Wednesday, 3 September 2025 () The GST Council is expected to approve significant tax rate changes for footwear and apparel, potentially reducing the tax burden on consumers. Items priced up to Rs 2,500 may fall under the 5% GST slab. The council also intends to eliminate the 12% and 28% slabs, streamlining the tax structure and promoting economic transparency.
India is set for a major GST overhaul starting September 22, as Finance Minister Nirmala Sitharaman announced a new two-tier GST rate structure of 5% and 18%.
From soaps to small cars, several common-use items will see revised prices. Sitharaman said the move is part of a broader “structural...
According to Bernstein, the biggest surprise was the sharp cut in GST on personal care and home care items such as soaps, shampoos, hair oil, powders, and... Zee News
Wednesday, 3 September 2025 ()
