The GST Council has adjusted rates on various food items. UHT milk and Indian breads are now exempt, while chocolates and nuts have a reduced 5% rate.
The GST Council has reduced taxes on a range of agricultural inputs. Rates on acids, bio-pesticides, micronutrients, and tractor parts have been lowered to 5%.
56th Meeting of GST Council, convened on 3–4 September 2025, has announced significant amendments to India’s indirect taxation framework. Effective from 22 September 2025, these revisions aim to simplify the tax structure, reduce consumer burden on essential goods, and align taxation with broader economic and environmental objectives. Luxury and sin goods, however, face higher levies […]
The recent GST Council meeting has performed a major rejig of the GST rate slabs and amended GST rates on various products across sectors. It is important for businesses to keep track of the revised rates on their products and services and also understand the impact of these rate changes on existing and running contracts.
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