56th GST Council held in New Delhi

56th GST Council held in New Delhi

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

SKUAST Srinagar has achieved a breakthrough by successfully cultivating Gucchi mushrooms under controlled conditions for the first time.
Read More....
Delhi Government has released the draft Electric Vehicle Policy 2026-2030 offering 100% road tax and registration exemption on electric cars up to ₹30 lakh.
Read More....
Vantara announced the establishment of the world’s first Wildlife Conservation University in Jamnagar, Gujarat.
Read More....
A new plant species named Fimbristylis wayanadensis has been discovered in the high-altitude regions of Wayanad, Western Ghats.
Read More....
India Pharma 2026 will be held on April 13–14 in New Delhi to promote innovation and global collaboration in the pharmaceutical sector.
Read More....
The Indian Army successfully demonstrated air-land integration by firing Hellfire missiles from Apache helicopters during Exercise Brahmastra at Pokhran.
Read More....
Legendary playback singer Asha Bhosle passed away at the age of 92 in Mumbai on 12 April 2026.
Read More....
Telangana Government and Deakin University signed an MoU to establish Aikam-Deakin Hub for AI research and innovation.
Read More....
Mundra Port set a new record by exporting 6,008 cars in a single vessel, becoming India’s largest automobile export hub.
Read More....
Gujarat Police launched India’s first AI tool ‘NARIT AI’ for narcotics investigation and analysis.
Read More....