GST rate cuts & rationalisation: Top winners & losers of new tax slabs - check list
Thursday, 4 September 2025 ()
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 luxury and sin goods. This reform eliminates the 12% and 28% slabs, aiming to streamline tax administration.
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