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GST rate cuts announced by FM Sitharaman! 5% and 18% to be two main slabs; new rates effective September 22

IndiaTimes Wednesday, 3 September 2025 ()
Finance Minister Nirmala Sitharaman announced significant GST rate cuts following the 56th GST Council meeting, implementing a two-tier structure of 5% and 18% effective September 22. The rate rationalization, supported by all states, aims to benefit the common man by consolidating rates and reallocating items across tax slabs.
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Video Credit: Oneindia - Published
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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