GST Council Meeting 2025 Highlights: PM Modi hails reforms, calls it double dose of support, growth for nation

GST Council Meeting 2025 Highlights: GST rate cuts have been announced by FM Nirmala Sitharaman across the board with a majority of household items used by the common man and middle class seeing reduced tax rates. The new GST structure is two-tier in nature - with 5% and 18% as the main tax slabs. Several items have been moved to the 0% or nil tax bracket, while ‘sin’ goods will now be taxed at 40%. What is the latest GST rate list information?Importantly, the GST on life and health insurance has been reduced to NIL. Paneer, Indian breads, and several life saving drugs will also now come under the 0% tax bracket. The new GST rates will be effective from September 22, which is the first day of Navratris. The next-generation GST reforms and GST rate cuts had first been announced by PM Narendra Modi in his Independence Day speech. What gets cheaper and what gets costlier after the GST Council meeting? Track TOI’s Live Coverage for the latest on the GST rate cuts, their impact & more: