Quick Summary
According to sources, the GST Council, chaired by Finance Minister Nirmala Sitharaman, is expected to introduce a new set of GST rate slabs around September 22, 2025. The move, likely to coincide with the Navratri festive season, aims toboost consumption and revive demand across sectors. According to areport, the Centre is keen on rolling out GST cuts at the earliest and may urge the Council to approve rate changes with immediate effect, though a final decision is pending. Key GST Council Me
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FAQ :
The new GST rate slabs are expected to be rolled out around September 22, 2025, ahead of the festive season.
The proposal is to simplify the current four-tier GST structure into a two-slab system: 5% for 'merit goods and services' and 18% for 'standard goods and services'.
Yes, a 40% rate is being considered for luxury and sin goods, such as ultra-premium cars.
There is a proposal to exempt GST on health and life insurance premiums for individuals and families, which currently attract an 18% GST.
The primary aim is to boost consumption, revive demand across sectors, provide relief to the common man, farmers, MSMEs, and the middle class, and strengthen India's manufacturing sector.
The GST Council will convene in New Delhi on September 3-4 to deliberate on the Centre's proposals.
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