GST rate on Services (Sector wise) as Recommended in 56th GST Council meeting 03.09.25
Sector wise GST rate changes on services as recommended in 56th GST Council meeting held on 03.09.2025
Tag: GST 2.0
Summary of GST rate changes as Recommended in 56th GST Council meeting on 03.09.2025
The recommendations made by the 56th GST Council are as below:
Opposition-ruled states meet ahead of GST Council, seek compensation to approve reform agenda
New Delhi, Finance ministers of opposition-ruled states on Wednesday met ahead of the crucial GST Council meeting, and decided to seek compensation for revenue loss incurred by all states following the implementation of GST rate rejig.
GST Council Meet Highlights: Tax rates slashed from roti, paratha to TVs as Council approves overhaul of rates
GST tax rates on common use items ranging from hair oil to corn flakes, TVs, and personal health and life insurance policies were slashed after the all-powerful GST Council approved a complete overhaul of the tangled goods and services tax regime.
GST rate cuts announced by FM Sitharaman! 5% and 18% to be two main slabs; new rates effective September 22
Finance Minister Nirmala Sitharaman on Wednesday announced major Goods and Services Tax (GST) rate cuts, saying that with the two-tier…
56th GST Council : Press Release
The 56th meeting of the GST Council was held on 3rd September, 2025 at Sushma Swaraj Bhavan, New Delhi under the chairpersonship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman.
GST: Karnataka CM Siddaramaiah bats for higher cess on tobacco products, luxe cars
Karnataka Chief Minister Siddaramaiah on Sunday urged the Centre to increase the cess on items such as cigarette, pan masala, gukta, and luxury cars and use it to compensate the states for the revenue shortfall arising from the proposed cut in GST rates reiterating his earlier demand.
Online shoppers press pause button ahead of GST changes; festivities to boost sales: Analysis
The planned GST changes have prompted some e-shoppers to postpone purchase decisions in hopes of lower taxes on certain products like consumer goods and electronics, say analysis
Royal Enfield calls for uniform 18% GST on two wheelers under new framework
Mid-size motorcycle maker Royal Enfield on Saturday called upon the government to consider a uniform GST rate for two-wheelers, including higher capacity bikes.
GST 2.0 should pave way towards single tax rate: Report
The long-term success of Goods and Services Tax (GST) depends on moving towards a single nationwide rate, and GST 2.0 should be the first step by adopting only two slabs—5 per cent and 18 per cent—while capping the peak rate at 18 per cent instead of 40 per cent, a report said on Monday.