On September 3, 2025, the Goods and Services Tax (GST) council recommended a two-tier GST rate system, meaning that most goods and services will now have only a 5% or 18% GST rate . Certain luxury and ...

GST impact on Agri sector: The 56th meeting of the Goods and Services Tax (GST) Council, chaired by Union Finance Minister Nirmala Sitharaman on Wednesday, approved a major reform in the existing tax ...

India's GST was simplified to a two-rate structure of 5% and 18%, instead of the current four slabs. An additonal 40% tax on "super luxury" and "sin" goods was also introduced. The tax cuts are " ...

The Goods and Services Tax Council may consider a reduction in tax rates on a host of items with low revenue implications as part of the tax rationalisation exercise in its next meeting on July 21.