The revisions in GST rates on goods and services, excluding certain tobacco products, will come into force on September 22, 2025 (Image source: Canva) Show Quick Read Summary is AI Generated. Newsroom Reviewed
A major overhaul of the goods and services tax (GST) system comes into force tomorrow, Sept. 22. The changes, cleared by the GST Council earlier this month, will alter the tax burden across a wide range of items used every day.
Finance Minister Nirmala Sitharaman said the Council decided to move away from the earlier four-slab structure of 5%, 12%, 18% and 28%, opting instead for a simpler two-rate system of 5% and 18%. A higher rate of 40% has been reserved for certain categories such as high-end vehicles, tobacco and sin goods.
The new structure is expected to ease costs on