Tuesday, 02 January 2024 12:17 GMT

GST Rates Slashed Ahead Of Festive Season


(MENAFN- AsiaNet News)

FM Nirmala Sitharaman has unveiled sweeping GST reforms ahead of the festive season. The GST Council approved a simplified two-slab structure with steep tax cuts: essentials now at 5%, most items at 18%, and 'sin' or luxury goods at 40%, all effective from September 22, the first day of Navaratri. Here's what's getting cheaper and what's not.

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