4th September 2025
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
