Brief by Shorts91 Newsdesk / 03:18am on 22 Sep 2025,Monday India
India rolled out a major GST reform on September 22, 2025, simplifying tax slabs and reducing prices of everyday goods. The new system consolidates rates into 5% and 18%, with 40% for luxury and sin goods. Essentials like paneer, bread, and UHT milk are now tax-free, while butter, ghee, cheese, soaps, shampoos, and toothpaste shift to 5% from higher brackets. Electronics, appliances, and vehicles also see reductions, making them more affordable. The reform, timed with Navratri, aims to curb inflation, boost savings, and drive consumption, marking a landmark shift in India’s tax structure.
