The GST Council has streamlined the four existing tax slabs (5%, 12%, 18%, and 28%) into just two main slabs: 5% and 18%, effectively abolishing the 12% and 28% categories. These changes, announced by Finance Minister Nirmala Sitharaman, are set to take effect starting September 22, 2025, coinciding with the onset of Navratri. A new […]
