September 4, 2025 8:31 PM
GST Council Approves Rate Cuts, Simplifies Tax Structure to Two Tiers: 5% and 18%
The GST Council has unanimously approved rate cuts on scores of items of daily use, making most goods and services cheaper. The Council has simplified the indirect tax system into a two-tier structure of 5 per cent and 18 per cent from a four-tier structure of 5 per cent, 12 per cent, 18 per cent an...