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GST council meeting underway: What will become cheaper & dearer after GST slab changes? Top things to expect

IndiaTimes Wednesday, 3 September 2025 ()
The 56th GST Council meeting, presided over by Nirmala Sitharaman, is set to introduce significant changes to India's indirect taxation framework. The council is considering consolidating GST rates, potentially eliminating the 12% and 28% categories, and shifting items to 5% or 18% brackets.
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News video: FM Nirmala Sitharaman Announces Major GST Overhaul: What Changes for You on September 22

FM Nirmala Sitharaman Announces Major GST Overhaul: What Changes for You on September 22 18:22

 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...

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