Brief by Shorts91 Newsdesk / 03:52am on 04 Sep 2025,Thursday India
In a landmark reform, the GST Council has approved a new two-slab structure, replacing the earlier four-tier rates of 5%, 12%, 18%, and 28% with simplified slabs of 5% and 18%, effective September 22. Essential goods like dairy products, dry fruits, soaps, detergents, and small vehicles will now be taxed at the lower 5% rate, while individual life and health insurance policies become GST-free. However, luxury cars, high-end bikes, yachts, energy drinks, and aerated beverages will attract a steep 40% GST. Pan masala and tobacco remain at 28% plus cess until dues are settled. (PC: PTI)
