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Rasal
Never Give Upย โขย 2m
Current GST Policy in India (2025): A Comprehensive Overview Indiaโs Goods and Services Tax (GST), introduced in July 2017, has undergone several reforms to simplify the indirect tax structure and create a unified national market. In September 2025 the GST Council announced a landmark reform rate rationalisation and procedural streamlining aimed at boosting consumption, easing compliance and addressing industry concerns. This article explores the current GST policy framework and its key implications. Rationalisation of Tax Slabs One of the most significant changes is the simplification of GST slabs. The earlier four-tier system (5%, 12%, 18%, 28%) has now been reduced to mainly two standard slabs: โข5% โ for essential goods and services. โข18% โ for standard goods and services. โข40% (Special/Demerit rate) for luxury and sin goods such as tobacco, pan masala and certain sugary drinks
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