Union Finance Minister Nirmala Sitharaman on Wednesday (Sep 3) addressed the media and announced that the GST Council, in its meeting, approved a two-tier structure of 5 per cent and 18 per cent, and a special tax of 40 per cent for luxury and sin goods. Sitharaman said the decision was taken unanimously and will come into effect from September 22, 2025, with the exception of tobacco products, based on certain conditions. The Council will also meet on Thursday (Sep 4). Calling it a ‘historic Diwali gift for the nation’, Sitharaman said that these next-generation GST reforms are for ease of living and to build an Aatmanirbhar Bharat.


WION explains how your next bucket of popcorn will be taxed under GST 2.0 regime

India: Finance Minister clarifies GST reforms not linked to US tariffs 

GST reform: What gets cheaper and what becomes costlier under new slabs? 

India’s GST Council has rolled out a bold 40% tax slab for super luxury and sin goods  the highest-ever GST rate. From private jets to pan masala, this move targets extravagance while easing the burden on essentials. Here’s a breakdown of what falls under this new slab, what it means for you, and how it fits into the broader GST reform to benefit the common man.

GST Reform: PM Modi Hails GST Reforms Unveiled By Finance Minister Nirmala Sitharaman

After a daylong meeting in Delhi on Wednesday, the GST Council approved a two-tier tax rate structure of 5% and 18% scrapping the 12% and 28% brackets. The move leaves three brackets, including, 5%, 18% and 40.

GST simplified: 18% rate applies to these products under new reforms — Check the surprises for you

India’s GST Council has rolled out a bold 40% tax slab for super luxury and sin goods  the highest-ever GST rate. From private jets to pan masala, this move targets extravagance while easing the burden on essentials. Here’s a breakdown of what falls under this new slab, what it means for you, and how it fits into the broader GST reform to benefit the common man.


GST Reform:  Health, Life Insurance Made Tax-free, Several Medical Essentials Made Cheaper

New GST update: Super luxury goods now heavily taxed | 40% tax slab explained! 

India’s finance minister Nirmala Sitharaman has unveiled sweeping tax cuts under the goods and services tax to boost consumption in the face of 
U.S. Tariffs. The GST council has slashed rates on more than a hundred consumer items, ranging from soaps and shampoos to small cars, air conditioners, and televisions. The rate cuts will be implemented from September 22.

India’s GST council cuts taxes on 100+ consumer items 

Finance Minister Nirmala Sitharaman has announced a major GST rate cut, approving a two-tier structure of 5% and 18%. The reform, set to be implemented from September 22, is aimed at easing the tax burden on the common man.

India's tax makeover: What gets cheaper and costlier?

Finance Minister Nirmala Sitharaman has announced a major GST rate cut, approving a two-tier structure of 5% and 18%. The reform, set to be implemented from September 22, is aimed at easing the tax burden on the common man.


Big GST Reforms:  Nirmala Sitharaman Announces Reduced GST Rates For These Items

Union Finance Minister Nirmala Sitharaman on Wednesday (Sep 3) addressed the media and announced that the GST Council, in its meeting, approved a two-tier structure of 5 per cent and 18 per cent, and a special tax of 40 per cent for luxury and sin goods. Sitharaman said the decision was taken unanimously and will come into effect from September 22, 2025, with the exception of tobacco products, based on certain conditions. The Council will also meet on Thursday (Sep 4). Calling it a ‘historic Diwali gift for the nation’, Sitharaman said that these next-generation GST reforms are for ease of living and to build an Aatmanirbhar Bharat.

GST Reforms: What Gets Cheaper And What Becomes Costlier Under New Slabs? 

Union Finance Minister Nirmala Sitharaman on Wednesday night clarified that the Centre's Goods and Services Tax (GST) reform push wasn't linked to what she described as the “tariff turmoil”. 

Did 'tariff turmoil' prompt Centre's mega GST reform? Nirmala Sitharaman's clarification

Breaking: Indian government announces major tax cuts, goods get cheaper before Diwali 

Two GST slabs eliminated: Nirmala Sitharaman said that the reforms focus on the interests of the common man.

GST rates: How much tax will small cars, SUVs with over '170 mm' ground clearance attract?

GST 2.0: Finance minister Nirmala Sitharaman announces new slab of 40% for sin, luxury goods

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

The upcoming next-generation Goods and Services Tax (GST) reforms will further simplify tax processes and reduce compliance burdens, particularly for small businesses, Union Finance Minister Nirmala Sitharaman said on Tuesday.

Nirmala Sitharaman says GST reforms to simplify regulations, lower compliance costs

The Parliamentary Select Committee, comprising 31 members, presented their comprehensive 4,575-page findings last month. The recommendations of the committee include both small adjustments and 32 significant modifications.

New Income Tax Bill 2025 gets Lok Sabha nod, includes parliamentary panel’s most suggestions

The names of Nirmala Sitharaman and Daggubati Purandeswari Purandeswari are doing the rounds, among others. Interestingly, all the top woman contenders for the post happen to be from south India, where the BJP is trying to expand.

Will India's ruling BJP make history with a woman president? These names, all hailing from south India, are doing the rounds

India news | Union Finance Minister Nirmala Sitharaman on Tuesday (Mar 27) explained why the new Income Tax Bill, 2025, was introduced in the Lok Sabha on February 13.

From April 1, Indian govt can see your WhatsApp messages, emails. Here's what you need to know

India news | Sitharaman added that steps have been taken to restore normalcy in the northeastern state, where ethnic tensions have persisted for over two years now.

Finance Minister Nirmala Sitharaman announces $57mn corpus for Manipur

India News: The Union Cabinet is set to approve a new Income Tax Bill, aiming for Lok Sabha introduction soon, marking a pivotal move in reforming India's taxation landscape.

Union Govt to approve new Income Tax Bill tomorrow: Everything to know

Indian Finance Minister Nirmala Sitharaman said that 'Import duties have been rationalised to allow Indian industry to source raw materials and promote domestic manufacturing and exports'. Watch this report for more details!

India's FM Sitharaman announces duty cuts to support MSMEs & exports

Business & economy, India news: The longest budget speech in history was made by Sitharaman when she presented the budget for 2020-2021 as her speech lasted for 2 hours 42 minutes.

How long was Nirmala Sitharaman's 2025 Union Budget speech? Here’s how it compares to her past records

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WION explains how your next bucket of popcorn will be taxed under GST 2.0 regime

India: Finance Minister clarifies GST reforms not linked to US tariffs

GST reform: What gets cheaper and what becomes costlier under new slabs?

GST Reform: PM Modi Hails GST Reforms Unveiled By Finance Minister Nirmala Sitharaman

GST simplified: 18% rate applies to these products under new reforms

GST Reform: Health, Life Insurance Made Tax-free, Several Medical Essentials Made Cheaper

New GST update: Super luxury goods now heavily taxed | 40% tax slab explained!

India’s GST council cuts taxes on 100+ consumer items

India's tax makeover: What gets cheaper and costlier?

Big GST Reforms: Nirmala Sitharaman Announces Reduced GST Rates For These Items

GST Reforms: What Gets Cheaper And What Becomes Costlier Under New Slabs?

Did 'tariff turmoil' prompt Centre's mega GST reform? Sitharaman's clarification

Breaking: Indian government announces major tax cuts, goods get cheaper before Diwali

GST rates: How much tax will small cars, SUVs with over '170 mm' ground clearance attract?

GST 2.0: Nirmala Sitharaman announces new slab of 40% for sin, luxury goods

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

Sitharaman says GST reforms to simplify regulations, lower compliance costs

New Income Tax Bill 2025 gets Lok Sabha nod, includes most suggestions

Will India's ruling BJP make history with a woman president?

From April 1, Indian govt can see your WhatsApp messages, emails. Here's what you need to know

Finance Minister Nirmala Sitharaman announces $57mn corpus for Manipur

Union Govt to approve new Income Tax Bill tomorrow: Everything to know

India's FM Sitharaman announces duty cuts to support MSMEs & exports

How long was Nirmala Sitharaman's 2025 Union Budget speech? Here’s how it compares to her past records