Archive · 4 Sep 2025
GST Council Meeting: Tax Cuts on Essentials to Boost Economy
The GST Council is considering making the Goods and Services Tax simpler by having only two main tax rates: 5% and 18%.
Some special items may have a 40% tax.
Many food items like milk, cheese, and bread will have a lower tax.
Personal care items like soap and toothpaste will also have reduced taxes.
These changes should make things cheaper for families and encourage people to buy more.
Businesses, especially smaller ones, could sell more goods and prices might go down.
This might improve the economy, help rural areas, and make people happier.
GST Council is discussing a two-tier tax structure with rates of 5% and 18%.
A 40% tax rate is proposed for select items.
The FMCG sector anticipates the GST cuts will boost consumer sentiment.
Essentials like shampoos, soaps and toothpastes have been rationalised to 5%.
Dairy products, such as UHT Milk and Paneer, will attract nil GST.
- Who
- GST Council
- What
- Discussing a two-tier GST structure and tax cuts
- When
- Ongoing, with changes potentially discussed
- Where
- India
- Why
- To simplify tax structure and boost the economy
Opposition-ruled states
GST Council
Revenue Impact
Opposition-ruled states
Seeking compensation for potential revenue loss.
GST Council
Aiming to simplify and streamline the tax structure.
- Meeting Chair
- Union Finance Minister Nirmala Sitharaman
- Proposed Tax Rates
- 5% and 18% (with 40% on select items)
- GST Implementation
- July 1, 2017
- Current Structure
- 4-tier (5%, 12%, 18%, 28%)
- Items with Tax Cuts
- Food, Personal Care
- Impact
- Boost consumer sentiment and ease inflation
Sources
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