Goods and Services Tax

GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
The GST Council approved limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

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Plain text (Extract) only
For full text:-Visit the Source

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emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

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Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
The GST Council approved limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
The GST Council approved limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
The GST Council approved limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
The GST Council approved limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
The GST Council approved limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
The GST Council approved limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
The GST Council approved limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
The GST Council approved limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
The GST Council approved limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
The GST Council approved limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
The GST Council approved limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
The GST Council approved limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

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Plain text (Extract) only
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emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

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Plain text (Extract) only
For full text:-Visit the Source

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up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

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Plain text (Extract) only
For full text:-Visit the Source

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GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
The GST Council approved limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

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Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

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Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

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GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
The GST Council approved limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

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Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

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GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
The GST Council approved limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
The GST Council approved limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
The GST Council approved limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

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Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
The GST Council approved limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
The GST Council approved limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

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Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

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GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
The GST Council approved limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

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Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
The GST Council approved limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Almost all personal-use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing rep

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

emperature milk, chena or paneer, pizza bread, khakra, plain chapati or roti.
Nil will also be the tax on paratha (currently charged at 18 per cent). Common use food and beverages ranging from butter and ghee to dry nuts, condensed milk, cheese, figs, dates, avocados, citrus fruits, sausages and meat, sugar boiled confectionery, jam and fruit jellies, tender coconut water, namkeen, drinking water packed in 20-litre bottles, fruit pulp or fruit juice, beverages containing milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from current 12 per cent or 18 per cent.
Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

up to 350 cc, consumer electronics like ACs, dishwashers, and TVs too would be taxed at a lower GST of 18 per cent as against 28 per cent currently.
All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc, yachts and aircraft for personal use, and racing cars will be charged with a 40 per cent levy. Aerated drinks containing added sugar will be taxed at 40 per cent.
EVs will continue to be charged at 5 per cent.
The financial implication of the rate rationalisation would be Rs 48,000 crore and this would be fiscally sustainable, Revenue Secretary Arvind Shrivastava told reporters here.
The decision by the GST Council would bring down the overall premium as the tax component has significantly come

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

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GST Council approves overhaul of GST, slashes tax on common use items
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) GST tax rates on common use items ranging from hair oil to corn flakes, TVs, and personal health and life insurance policies were slashed after the all-powerful GST Council approved a complete overhaul of the tangled goods and services tax regime.
Almost all personal use items will see rate cuts as the government looks to boost domestic spending and cushion the economic blow of the US tariffs.
Briefing reporters after a marathon daylong GST Council meeting, Union Finance Minister Nirmala Sitharaman said all decisions were taken unanimously, with no disagreement with any state.
The panel approved simplifying

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ntaining milk, ice cream, pastry and biscuits, corn flakes and cereals, and sugar confectionery are likely to see a cut in tax rate to 5 per cent from the current 18 per cent.
All forms of chapati and paratha will be charged nil tax, down from the current rate of 5 per cent.
Consumer goods such as tooth powder, feeding bottles, tableware, kitchenware, umbrellas, utensils, bicycles, bamboo furniture and combs will see rate cut from 12 per cent to 5 per cent. The rates on shampoo, talcum powder, toothpaste, toothbrushes, face powder, soap and hair oil has been cut down to 5 per cent from 18 per cent.
She said all individual life and health insurance policies will now attract nil tax in a bid to boost coverage.
Cement will cost less wi

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harged at 5 per cent GST.
The move to simplify the tax regime first announced by Prime Minister Narendra Modi in his Independence Day speech comes as India's exports to the US face a 50 per cent tariff the highest in the world.
The Indian economy is heavily reliant on consumption with private consumption accounting for 61.4 per cent of the nominal GDP last fiscal.
The GST reforms are likely to boost the economy by up to 0.5 percentage points by the second year of its implementation, effectively neutralising the full impact of the US tariff, economists said.
Tobacco, gutkha, tobacco products and cigarettes will continue to be charged at current 28 per cent plus a compensation cess till such time that loans taken to pay states for

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Wide-ranging GST reforms to improve lives of citizens, ensure ease of business: PM Modi
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) Prime Minister Narendra Modi said on Wednesday that wide- ranging reforms approved by the GST Council will improve lives of citizens and ensure ease of doing business for all, especially small traders and businesses.
In a post on X, he said the Union government had prepared a detailed proposal for broad-based GST rate rationalisation and process reforms, aimed at ease of living for the common man and strengthening the economy.
He added, “Glad to state that the GST Council, comprising the Union and the States, has collectively agreed to the proposals submitted by the Union Government on GST ra

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GST Council approves two-tier tax structure; to be implemented from Sep 22
GST
Dated:- 3-9-2025
PTI
New Delhi, Sep 3 (PTI) The GST Council on Wednesday approved a two-tier rate structure of 5 and 18 per cent, which will be implemented from September 22.
Bihar Deputy Chief Minister Samrat Choudhary said that all states were on board for the rate rationalisation, and it was a consensus-based decision.
West Bengal Finance Minister Chandrima Bhattacharya said the total loss due to GST

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