GST Council Approves Historic Reforms: Slabs Reduced to 5% and 18%, New 40% Luxury Tax Introduced
GST Council has approved landmark reforms, reducing slabs to 5% and 18% while introducing a 40% sin/luxury tax. PM Modi hails the decision as “next-gen GST” benefiting the common man, farmers, MSMEs, women and youth. New rates take effect from September 22, 2025.
GST Council Approves Historic Reforms: Slabs Reduced to 5% and 18%, New 40% Luxury Tax Introduced Read More