56th GST Council held in New Delhi

56th GST Council held in New Delhi

Daily Current Affairs   /   56th GST Council held in New Delhi

Change Language English Hindi

Category : Business and economics Published on: September 04 2025

Share on facebook

The 56th GST Council meeting, held in the national capital New Delhi and chaired by Finance Minister Nirmala Sitharaman, approved a landmark reform in India’s Goods and Services Tax (GST) system. This is regarded as the most comprehensive restructuring since the GST was implemented in 2017. The Council introduced a simplified two-tier GST structure with 5% for essential items and 18% for non-essential goods and services, aimed at easing compliance and reducing consumer costs. In addition, a special 40% slab has been created for “sin goods” such as tobacco, pan masala, gutkha, sugary drinks, and luxury cars, ensuring higher taxation on items considered harmful or extravagant.

Recent Post's
  • India successfully tests Agni-Prime missile from rail-based launcher, enhancing strategic deterrence and rapid deployability.

    Read More....
  • India’s only active volcano, Barren Island, erupted twice in September 2025, showing renewed geological activity.

    Read More....
  • World Food India 2025 aims to position India as a global hub for food processing, innovation, and supply chains.

    Read More....
  • Karnataka’s LEAP program aims to boost innovation, entrepreneurship, and job creation in tier-2 and tier-3 cities.

    Read More....
  • India launched GST Appellate Tribunal (GSTAT) to simplify and speed up GST dispute resolution.

    Read More....
  • India restricts imports of plain silver jewellery to protect domestic manufacturers and jobs.

    Read More....
  • PM Modi reviews Rs 65,000 crore projects across 15 states in 49th PRAGATI meeting to ensure timely completion and quality standards.

    Read More....
  • Violent protests in Leh, Ladakh over statehood and Sixth Schedule protections left four dead and over 80 injured on September 24, 2025.

    Read More....
  • UNEP named three innovators from India, Kenya, and the US as the 2025 Young Champions of the Earth for groundbreaking eco-solutions.

    Read More....
  • India elected to the INTERPOL Asian Committee in 2025, strengthening its role in regional and global law enforcement.

    Read More....