New GST Rates Live Updates: Modi's Diwali gift will give a lift to the economy, Trump's tariff will be exhausted

New GST Rates List of Items: Many important decisions were taken in the GST Council meeting held on Wednesday. Many major changes were approved in this 8-year-old system. After the meeting, Council Chairman and Union Finance Minister Nirmala Sitharaman gave information about this. Know every update here...

GST Council Meeting New GST Rates 2025: The GST Council on Wednesday approved some major changes in the eight-year-old GST regime. Now only two slabs are left in GST, 5% and 18%. The slabs of 12% and 18% have been abolished.

GST on health and life insurance premium has been completely abolished. GST has been reduced on many everyday items. GST on small cars, motorcycles and scooters has been reduced from 28% to 18%. The new rates will come into effect from September 22. Know every update...

New GST rates update: Stock market lost its initial gains

• On Thursday, the stock market opened with gains and at one point the Sensex went up by about 900 points. But as the day progressed, it lost this gain to a great extent. The BSE Sensex closed at 80,718.01 points with a gain of 150.30 points i.e. 0.19%. The NSE Nifty closed at 24,734.30 points with a gain of 19.25 points i.e. 0.08%.

Mahindra and Mahindra Share Price: Mahindra and Mahindra shares rose 8%

• The GST Council has given a lot of relief to the auto sector. This is the reason why auto shares saw a huge surge today. Mahindra & Mahindra's stock rose 7.8% to Rs 3,539.25. Experts say that Mahindra will benefit the most from the tax cut on tractors and SUVs.

GST rate on Drone: Drone sector will get a new flight

• The GST rate on drones has been reduced to 5%. This is being considered a milestone for the drone industry. IG Drones founder and CEO Bodhisattva Sanghpriya said that drones have become cheaper due to this move of the government. This will promote the use of drones in defense, surveillance, agriculture, infrastructure and logistics.

GST New rates: GST reform will boost the economy; Trump's tariff will be ineffective

• The GST Council has approved several major changes in the 8-year-old GST system. This has caused a lot of activity in the market and investors' portfolios are changing. The change in GST rates will have an impact of Rs 48,000 crore on the government's revenue.
  
  
• New GST Rates on Electronics Items: AC and dishwashers will become cheaper
• Air conditioners: Earlier 28%, now 18%
• Television: earlier 28%, now 18%
• Monitors and projectors: 28% earlier, now 18%
• Dish-washing machine: Earlier 28%, now 18%
• New GST Rates on Auto: How much cheaper are motorcycles and small cars
• Petrol and petrol hybrid cars: Earlier 28%, now 18%
• Diesel and diesel hybrid cars: Earlier 28%, now 18%
• Three-wheelers: Earlier 28%, now 18%
• Motorcycles (up to 350 cc): Earlier 28%, now 18%
• Trains for goods transport: earlier 28%, now 18%
• New GST Rates On Agriculture: What did the farmers get
• Tractor tyres and parts: Earlier 18%, now 5%
• Tractor: Earlier 12%, now 5%
• Pesticides and micronutrients: earlier 12%, now 5%
• Drip irrigation and sprinkler: Earlier 12%, now 5%
• Agricultural machinery: earlier 12%, now 5%

New GST rates: On which things GST became zero, on which 40% tax is imposed

The GST Council has made GST zero on many things. On some items, 40% tax will have to be paid. The 12% and 28% slabs have been removed. Similarly, GST on health and life insurance premium has been completely removed. Earlier, 18% GST had to be paid on this.

New GST Rates on Education: Pencils, notebooks and erasers become cheaper

• Maps, charts and globes: 12%, now 0
• Pencils, sharpeners, crayons and pastels: 12%, now 0
• Exercise books and notebooks: Earlier 12%, now 0
• Eraser: 5% before, now 0

New GST on Health Services: Treatment becomes cheaper

• Individual health and life insurance: Earlier 18%, now 0
• Thermometer: Earlier 18%, now 5%
• Medical grade oxygen: Earlier 12%, now 5%
• Diagnostic kits and reagents: Earlier 12%, now 5%
• Glucometer and test strips: Earlier 12%, now 5%
• Eyeglasses: Earlier 12%, now 5%

GST 2.0 Live Updates: How much cheaper will grocery items become

Experts say that GST reforms will reduce the price of things like biscuits, soap, noodles, coffee and butter by 10 to 15 percent. This will increase the demand and the sales of the FMCG sector will increase. This sector was facing problems for the last five quarters.

New GST Rates Applicable From: When will the new rates be applicable?

• Finance Minister Nirmala Sitharaman said that the new rates will be applicable from the first day of Navratri on September 22. Due to this, the government is expected to suffer a revenue loss of Rs 48,000 crore.

New GST on Daily Use Items: From butter, ghee, cheese to shaving cream became cheaper

• Air oil, shampoo, toothpaste, toilet soap bar, tooth brush, shaving cream: Earlier 18%, now 5%
• Butter, ghee, cheese, dairy spreads: Earlier 12%, now 5%
• Pre-packaged namkeen, bhujia and mixture: Earlier 12%, now 5%
• Feeding bottles, infant napkins and clinical diapers: Earlier 12%, now 5%
• Sewing machine and its parts: Earlier 12%, now 5%

Insurance Stocks News: Insurance stocks rise

• The GST Council has abolished GST on the premium of life and health insurance policies. Earlier, 18% GST was levied on this. This has led to a sharp rise in the shares of insurance companies. ICICI Prudential, LIC and other insurance shares have risen by up to 6%.

Share Market Today: Stock market investors got a 'double gift'

• The stock market is elated over the GST reforms. In early trade, the BSE Sensex rose by nearly 700 points. Nifty also rose by 200 points. The GST Council has approved several major changes in the eight-year-old system. Especially auto stocks are seeing a lot of growth.
• Auto Share News: Auto shares rose sharply
• Auto stocks are seeing a lot of growth today. Mahindra & Mahindra, Maruti, Hero Moto and Eicher Motors have gained 8%. The GST Council has reduced the GST rate on all major segments of the auto sector from 28% to 18%.

New GST Rates For Bike: Motorcycles will become cheaper

• Bike Par GST Kitna Hai: The GST Council has reduced GST on motorcycles up to 350 cc capacity. Earlier, these were taxed at 28 per cent, which has now been reduced to 18 per cent.

New GST Rate on Mobile Phones: Will mobile phones be cheaper or expensive?

• Mobiles Phone Par Kitna GST: There has been no change in GST on mobiles. 18% GST has been retained on it. The industry had been demanding to reduce GST on it to 5% for a long time but the GST Council did not accept it.

New GST Rates List: GST reduced on soap, shampoo, ice cream and shaving cream

• GST on ice cream has been reduced from 18% to 5%. The industry was demanding this for a long time. Similarly, GST on hair oil, shampoo, toothpaste, and toilet bar soap, toothbrush and shaving cream has also been reduced from 18% to 5%.

New GST Rates On Hotel Rooms: Reduction in GST on hotel rooms

• Hotel Rooms Par Kitna GST: GST rates have been reduced on hotel rooms with rent less than Rs 7500. Earlier, 12% GST was levied on it, which has now been reduced to 5%. Due to this, the revenue of budget and mid hospitality segment is expected to increase by 7 to 10 percent.

From food items to small cars, motorcycles and scooters are getting cheaper

• The GST Council has approved major changes in the 8-year-old GST system. The number of slabs has been reduced. GST on premiums of health and life insurance policies has been completely removed. GST rates on small cars, motorcycles and scooters have been reduced. The new system will come into effect from the first day of Navratri i.e. 22 September.

GST New Rates Live Updates: Stock market salutes GST reforms

• The stock market is witnessing a tremendous boom due to GST reforms. The BSE Sensex has gained more than 500 points in early trade. At 9.20 am, the Sensex rose 575.51 points, or 0.71%, to reach 81,143.22 points. The National Stock Exchange's Nifty 50 index was at 24,870 points, with a gain of 154.95 points, or 0.63%.

GST New Rates Live Updates: What did the auto sector get?

• * GST on small cars reduced from 28% to 18%
  * GST on motorcycles up to 350 cc reduced from 28% to 18%
  * GST on big cars 40%, no additional cess
  * 18% GST on all types of car parts
  * 5% GST on electric vehicles retained

GST New Rates Live Updates: No relief on cigarettes, gutkha, tobacco

• Pan Masala, gutkha, cigarettes, chewing tobacco, zarda, unprocessed tobacco and bidi will continue to attract higher GST and compensation cess as before. Tax on these will not be reduced until the cess related loans are cleared. Apart from this, the price of these products will now be fixed on the retail sale price (RSP) instead of the transaction value. This will make the rules more strictly followed.

New GST Rates on Agriculture: Big relief to farmers, tax on fertilizers reduced from 12%/18% to 5%

• Tax on fertilizers has been reduced from 12%/18% to 5%. Tax on certain agricultural inputs, such as seeds and crop nutrients, has been reduced from 12% to 5%. Tax on life-saving medicines, health-related products and certain medical devices has been reduced from 12%/18% to 5% or zero. Tax on entry-level and high-use items such as certain electrical equipment will be reduced from 28% to 18%. GST on footwear and clothes has been reduced from 12% to 5%. This will make these items affordable for the common man.

GST New Rates Live Updates: Relief on Namkeen, Bhujia and Mixture

• Tax on namkeen, bhujia, mixture, chabena and similar ready-to-eat items (except roasted gram), which are pre-packaged and labelled, will be reduced from 18% to 5%. Tax on water, including natural or artificial mineral water and aerated water, which has no sugar or any sweetening matter added and is not flavoured, will be reduced from 18% to 5%.

New GST Rates on Dry Fruits: Relief on dry fruits too

• Now only 5% tax will be levied on almonds, pistachios, hazelnuts, cashews and dates. Earlier, 12% tax was levied on these. Now 5% tax will be levied on refined sugar, sugar syrup and sweets like toffees and candies. Now 5% tax will be levied on vegetable oil, animal fat, edible spread, sausages, meat preparation, fish products and packed food containing malt extract.

GST New Rates Live Updates: Relief on food items

• UHT milk will now be tax free. Earlier it was taxed at 5%. Condensed milk, butter, ghee, paneer and cheese will now be taxed at 5% or in some cases nothing. Earlier they were taxed at 12%. Taxes on malt, starch, pasta, cornflakes, biscuits and even chocolate and cocoa products will be reduced. Earlier they were taxed at 12-18%, which will now be 5%.

GST New Rates Live Updates: Big relief for motorcycles, scooters and small cars

• 40% GST will be levied on petrol cars having capacity more than 1200 cc and diesel cars having capacity more than 1500 cc. GST on motorcycles up to 350 cc, small cars and three-wheelers has been reduced from 28% to 18%. It has also been reduced from 28% to 18% on ACs, dishwashers and TVs.

New GST Rates List: What will be the impact on your kitchen?

• New GST Rates List on Daily Essentials: GST on butter, ghee, cheese, dairy spread has been reduced from 18% to 5%. Tax on all types of rotis and parathas has been made zero which was 5% earlier. GST on dry nuts, meat, jam, fruit jelly, tender coconut water, namkeen, biscuits, ice cream and pastries has also been reduced from 18% to 5%.

GST New Rates Live Updates: Diwali gift to 1.4 billion people

• GST Council has given people a Diwali gift. GST has been reduced on everyday items. GST on health and life insurance premium has been completely abolished. Now only two slabs are left in the GST structure. Giving information about the decisions taken in the meeting, Finance Minister Nirmala Sitharaman said that the new rates will be applicable from September 22, the first day of Navratri.

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