Introduced on 1 July 2017, the Goods and Services Tax (GST) revolutionised India’s indirect tax system by replacing multiple cascading levies with a single, transparent, destination-based tax.

India's GST system saw a significant update on September 22, 2025, with the launch of GST 2.0. The GST Council approved these changes during its 56th meeting, aiming to simplify tax rates and reduce ...

GST Reforms: The GST Council, chaired by Finance Minister Nirmala Sitharaman, on Wednesday approved GST rate cut on a total of 396 items benefitting the common man. The GST Council meeting that began ...

The 56th meeting of the GST Council, chaired by Finance Minister Nirmala Sitharaman on Wednesday, approved a major rationalisation of GST rates, scrapping the existing 12 per cent and 28 per cent ...

At the heart of GST 2.0 is a sweeping rationalization of tax slabs. The Council has streamlined the structure into two rates—5% and 18%, along with 40% rate for ‘sin’ and luxury goods. Compensation ...

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From groceries and fertilisers to footwear, textiles, and even renewable energy, a broad basket of goods and services is set to become more affordable after the removal of these two slabs. The GST ...

New GST Rates 2025 Live Updates: In a major relief for consumers and small businesses, the GST Council, comprising the Centre and states - under PM Narendra Modi, has decided to reduce tax rates on ...