GST revamps: FM Sitharaman announces special 40% tax slab for sin goods; levied on bidi, tobacco & more
Wednesday, 3 September 2025 () The GST Council has approved a new 40% tax slab for sin and luxury goods, set to replace the existing cess. While the implementation date is pending, 5% and 18% slabs take effect from September 22. Finance Minister Nirmala Sitharaman announced the move, highlighting reduced tax burdens for the common person.
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...
Finance Minister Nirmala Sitharaman defended the GST reforms, including the 40% tax slab on sin and luxury goods, countering Congress's criticism. She questioned... IndiaTimes
Wednesday, 3 September 2025 ()
