GST 2.0: New Slabs 5% & 18% Effective 22 Sep 2025 Cheaper essentials, Higher Tax on Luxury GST Council has simplified rates to 0%, 5%, 18% & 40%. Essentials like milk, bread, dairy, snacks, fertilisers, medical items, and school supplies get cheaper (5% or nil). Electronics, small cars, and appliances move to 18%. Luxury & sin goods stay at 40%.. | | Disclaimer: This blog is for general information purposes only and should not be considered as professional tax advice. For personalised guidance, please consult a certified Chartered Accountant or a qualified tax advisor. | |
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