'40% GST' Trends On X! GST On Cigarettes, Alcohol, Gambling Surges
Published on: Sept. 3, 2025, 11:08 p.m. | Source: NewsX
The 56th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, began in New Delhi on September 3. The Council rationalised tax rates, introducing a new structure with slabs of 0%, 5%, 18%, and 40%. All life and health insurance policies now attract nil GST, while man-made fibre, fertiliser inputs, and renewable energy devices fall under 5%.
