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💸 GST Reform Plans: Two Tax Slabs at 5% & 18%, Tobacco Tax Raised to 40%”
GST Reform Plans: Two Tax Slabs at 5% & 18%, Tobacco Tax Raised to 40%"

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GST reform plans bring big relief for farmers and simple rates for all.

The government is rolling out a big GST shake-up this Diwali. The new plan? Just two tax slabs—5% and 18%—with sin goods at 40% GST. Everyday essentials, such as farm products, insurance, health items, and handicrafts, will become more affordable.

  • The current 5 slabs (0%, 5%, 12%, 18%, 28%) are cut down to 2.

  • Insurance, healthcare, and handicrafts are expected to be more affordable.

  • Farmers, MSMEs, and daily users get relief.

  • The GST Council is to meet in September, the final call before Diwali.

👉 Why this matters: Cheaper essentials and simplified GST reform plans mean more savings for people and a boost for India’s economy.
🔗 Source: India Today

🔍 Curated by Articoli News
🖋️ Written and summarized by our editorial team using AI assistance and human review.
📚 Sources: Market insights on the internet and other verified media platforms.
✅ We credit all sources and focus on accurate, simplified, and growth-driven news only.
🙋 Have a story or opinion? Submit your article or comment below.
👤 Edited & Approved by Debraj Paul, Founder of Articoli News.

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