India's stock markets surged following Finance Minister Nirmala Sitharaman's GST rationalisation announcement, with Sensex rising 439.22 points to 81,006.93, and the Nifty rising 131.95 points to 24,847.00 at 11 am.

GST revision: Tobacco, auto, cement stocks surge on share markets

Chidambaram also questioned the timing of the revised GST announcement, pointing towards the 50 per cent tariffs introduced by the US President Donald Trump on India.

New GST rates: Former FM Chidambaram, TMC welcome changes but question timing amid Trump tariff

FM Nirmala Sitharaman announced new GST slabs: 5%, 18%, and a special 40% rate on sin and luxury goods like tobacco, yachts, and helicopters. Daily-use items like milk, paneer, and rotis now have zero tax. Changes take effect from Sept 22, 2025.


GST Reforms approved: What gets cheaper and costlier from September 22 - FULL LIST here

The GST Council has approved new reforms with 5%, 18%, and 40% slabs effective from Sept 22, 2025. UHT milk, medicines, and medical devices see lower rates. GST on small cars, 3-wheelers, ACs, TVs, and motorcycles ≤350cc reduced to 18%.  All FAQs here

What is new GST on motorcycles, ACs and TVs to when will the changes come into force: All FAQs answered

The 56th GST Council meeting on Wednesday approved a two-slab structure of 5 per cent and 18 per cent, and a special tax of 40 per cent on sin goods. The GST Council decided that the new two-tier tax structure will come into effect from September 22.

GST 2.0: Only 2 slabs of 5% and 18% from Sept 22; 40% for sin goods; focus on common man, says FM

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GST revision: Tobacco, auto, cement stocks surge on share markets

New GST rates: Chidambaram, TMC welcome changes but question timing

GST Reforms approved: What gets cheaper & costlier from Sep 22 - FULL LIST here

What is GST on ACs, TVs to when will changes come into force: All FAQs answered

GST 2.0: Only 2 slabs of 5% and 18% from Sept 22; 40% special tax for sin goods