GST 2.0 News: List Of Products With Their New GST Rates
The 56th GST (Goods and Services Tax) Council meeting, led by the honourable Finance Minister Shri Nirmala Sitharaman, on September 3, 2025, approved a two-slab structure, i.e., 5% and 18%, and no GST on individual health insurance policies.
Yes, there will be a special tax of 40 per cent for sin, super luxury, and demerit goods such as cigarettes, pan masala, and tobacco, as per the GST 2.0 news.
With these reforms, the GST will eliminate the multiplicity of slabs, i.e., 5 percent, 12 percent, 18 percent, and 28 percent.
In a late evening media briefing, finance minister Sitharaman said that this is not just GST rate rationalisation but a structural reform that will ease compliance.
The Finance minister also stated that 22 September 2025 is the Gst 2.0 effective date, the first day of Navratri…
Find details of the products available under the New gst rate cut.
PM Said –
Prime Minister Narendra Modi has said that “The next generation of GST reforms are a gift for every Indian this Diwali.”
It will benefit the common man, farmers, middle-class, MSMEs, women, and youth.
LAST ARTICLE – Amanta Healthcare IPO Review
Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.
