Скачать или смотреть Big Breaking ; GST Relief to MIDDLE INCOME GROUP | Face to Face

Big Breaking ; GST Relief to MIDDLE INCOME GROUP | Face to Face


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The GST Council, headed by Finance Minister Nirmala Sitharaman, has rolled out the biggest tax reform since 2017, simplifying India's GST structure. The previous four tax brackets have been replaced by two slabs of 5% and 18%, with a nil rate for essentials and a 40% slab for sin and luxury goods, effective September 22, 2025. Insurance premiums, life-saving drugs, and basic foods like roti and paneer are now exempt. The 5% slab includes many middle-class and agricultural items, while the 18% slab covers goods like televisions and small cars. The government projects a net revenue implication of around ₹48,000 crore.

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