Skip to main content

Posts

Showing posts with the label GST Council

Next-Gen GST (Sep 2025): Sector-wise Quick Tables — What Changed & When

Next-Gen GST — Sector-wise Quick View Most goods & services effective 22 Sep 2025 Tobacco/pan-masala: current rates until cess loans repaid Save on Daily Essentials Items From To Notes Hair oil, soap, shampoo, toothpaste/brush 12–18% 5% / 18% Band rationalised Foods & Packaged Items Items From To Notes Namkeen, sauces, noodles, chocolates, coffee; pre-packed bread, paneer, UHT milk 12–18% Nil / 5% / 18% Many staples to Nil/5% Relief in Healthcare — Medicines Items From To Notes Essential & life-saving medicines 12% 5% / Nil Life-saving at Nil Medical Devices & Diagnostics Items From To Notes Oxygen equipment, diagnostics & reagents (illustrative) 12% 5% Device ...

GST Council 56th Meet (Sep 2025): New 5% & 18% Slabs, Insurance Exempt, Big Rate Cuts

Next-Gen GST Reforms — Highlights from the 56th GST Council (Sep 2025) New rate structure • big price cuts • insurance exemption • rollout dates • refunds & compliance Rate Structure Standard: 18% Merit: 5% De-merit goods: 40% Big Relief Life & Health Insurance : Exempt Electronics, Cement, Small cars/bikes: 28% → 18% Daily essentials/foods: to 5% / Nil Go-Live Services: 22 Sep 2025 Goods: 22 Sep 2025 Tobacco/pan masala: current rates until cess loans repaid