GST 2.0 Reforms Brings Big Change In Healthcare Sector | Nirmala Sitharaman | 4K
Автор: moneycontrol
Загружено: 2025-09-04
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GST Council, led by Finance Minister Nirmala Sitharaman, has approved a sharp overhaul of the Goods and Services Tax (GST) structure
GST 2.0: In a sweeping reform, the GST Council, led by Finance Minister Nirmala Sitharaman, has approved a sharp overhaul of the Goods and Services Tax (GST) structure. Effective September 22, the system will be simplified into just two main slabs of 5% and 18%, replacing the current 12% and 28% rates, with a special 40% slab for luxury and sin goods. Billed as a “historic Diwali gift" for citizens and businesses, the reforms aim to lower the cost of living, boost consumption, and spur economic activity.
Big Savings on Essentials: Household products like hair oil, shampoo, toothpaste, toilet soaps, shaving cream and toothbrushes will now attract just 5% GST instead of 18%. Rates on butter, ghee, cheese, packaged namkeens, dairy spreads and utensils have been cut from 12% to 5%. Feeding bottles, clinical diapers and sewing machines too move into the lowest slab.
#gst #gstcouncil #gst2025 #nirmalasitharaman #financeminister #indianeconomy #modi
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