Beginning September 22, 2025, the country will adopt a simplified two-tier tax system. The majority of goods and services will be taxed at 5% and 18%. A 40% tax will be levied on ultra luxury items.
Starting September 22, 2025, GST in India will be simplified to primarily two rates: 5% and 18%, with a special 40% rate on luxury and sin goods like tobacco and high-end vehicles. Many essentials, including certain medicines and foods, are now zero-rated, while several items see reduced rates.
GST on gold and silver jewellery will remain unchanged at 3%, with an additional 5% on making charges. Meanwhile, Gold coins and bars will continue to have 3% GST.
New GST Rate on Hotel Rooms (Effective September 22, 2025)
And for rooms that are priced above ₹7,500 per night, it is 18%.
From 22nd September, readymade garments valued less than Rs. 2,500 attract GST at 5%, and garments valued above Rs. 2,500 attract GST at 18%.
For any standard-rated supplies of goods or services that you make on or after 1 Jan 2024, you must charge GST at 9%. For instance, if you issue an invoice and receive payments for your supply on or after 1 Jan 2024, you must account for GST at 9%.
What is the GST on soap and detergent for household use? Whether it's for personal hygiene or laundry, all are taxed at 18%. What is the soap powder GST rate? Detergent powders and washing agents attract 18% GST.
When your GST/HST credit is paid. You will get your annual GST/HST credit, which was calculated using information from your 2024 tax return, in four payments. The CRA will make these payments on the 5th day of July and October 2025, and of January and April 2026.
What was the decision in 56th GST council meeting? The long-discussed proposal for a two-tier GST structure has now been approved (and implemented starting from 22nd September 2025): 5% GST: Applicable to most essential and everyday goods and services. 18% GST: For higher-value products and services.
Generation-Skipping Transfer Tax Exemption: The GST exemption was also increased to $15 million per taxpayer for 2026, up from $13,990,000 in 2025. Annual Gift Tax Exclusion: The annual gift tax exclusion remains at $19,000 for 2026, the same amount applicable to 2025.
No, GST of 3% is applicable on digital gold purchases, just like physical gold.
The government, through the GST Council, moved to a simplified tax framework of 5% and 18% with the removal of the current 12% and 28% tax rates from 22nd September 2025, after CBIC notifications come out. Except GST on tobacco and its products, GST rate changes on the rest will be implemented from 22nd September 2025.
With effect from September 22, 2025, GST on key consumer electronics like TVs, air conditioners, and refrigerators has been reduced from 28% to 18%. This rate cut has led to a drop in prices, benefiting consumers. Is the GST rate for all television sizes the same now?
Total Net GST revenue for October 2025 stands at ₹1,69,002 crore, which is 0.6% higher(monthly growth) and 7.1% higher (yearly growth) than the corresponding period last year at ₹1,68,054 crore.
The 56th GST Council meeting held on 3rd September 2025 confirmed the GST rate structure changes effective from 22nd September 2025. While GST rates on many consumer electronics, such as air conditioners and televisions, have been reduced from 28% to 18%, the GST rate on mobile phones remains unchanged at 18%.
India's Goods and Services Tax (GST) system has entered a new era with the rollout of GST 2.0, effective from September 22, 2025. The Council has simplified the structure into a 5% slab for essentials, 18% for standard goods, and 40% for luxury/sin items, replacing the earlier complex categories.
The following category of tax persons are exempted from payment of 1% of GST in Cash 1. Registered taxpayers who have paid income tax above Rs 1.00 in Income Tax during the last two years continuously 2. Taxpayers who have zero-rated supplies without payment of duty and claimed refund of more than Rs 1.00 lac 3.
Payment amounts are recalculated every July
For example, the information from your 2024 tax return determines the GST/HST credit amount you get for the payment period from July 2025 to June 2026. You could get up to: $533 if you are a single individual. $698 if you are married or have a common-law partner.
Canada will implement a faster GST rebate payment system starting January 5, 2026. Eligible individuals and families can receive up to $680 more quickly, reducing previous delays. The new system streamlines income verification and tax processing to speed up payments. and modest-income Canadians.
In order to qualify for this, you have to have worked in 2023 and had an income below $150,000. You also qualify if you received Employment Insurance, paid EI premiums or made CPP contributions. You should receive this via cheque or direct deposit by April 2025.
The morning cuppa is going to be cheaper and more affordable thanks to the Union Government's decision to reduce the GST on instant coffee from 18% to 5%. The new tax regime will come into effect from September 22.
The Government of India is updating GST rates effective after 22 Sep 2025. Below are the expected new GST rates for jaggery products (no compensation cess). Note: Household or laundry-type machines fall under HSN 8450. The GST Council moved these goods to the 18% slab and they continue to be taxed at 18%.
Calculate the GST amount: Multiply the value of the apparel by the applicable GST rate.