GST Council approves highest tax rate of 40% on these goods; check list here
Wednesday, 3 September 2025 () The Goods and Service Tax Council (GST) in its 56th GST Council on Wednesday rolled out new tax slabs under the 'next generation' GST reforms, GST 2.0. Under the new reforms, the GST Council has introduced a new and higher tax rate of 40%.
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...
Richard Tice has announced Reform UK's plans to overhaul council-controlled pension funds. In a press conference delivered on Monday, the deputy leader of Reform UK said "it's the council taxpayer who..
The GST Council has approved a significant tax hike on sin and luxury goods, introducing a new 40% slab for items like tobacco, aerated drinks, and premium... IndiaTimes
The Goods and Services Tax (GST) Council has approved a dual tax structure of 5 per cent and 18 per cent, replacing the existing four-rate system. The new regime... DNA
The GST Council has approved a restructured indirect tax system, effective September 22nd, featuring simplified rates of 5% and 18%, with a 40% category for... IndiaTimes
Wednesday, 3 September 2025 ()
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