India cuts Tax rates To spur consumption
Edited By WION Video Desk
Published: Sep 08, 2025, 10:35 IST | Updated: Sep 08, 2025, 10:35 IST
Union Finance Minister Nirmala Sitharaman on 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.
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