New GST Rates in India: How Electronics, ACs, TVs, and Laptops Are Impacted
In a landmark move, the GST Council, chaired by Finance Minister Nirmala Sitharaman, announced a major simplification and rationalization of GST rates in India. The reform, effective from September 22, 2025, reduces multiple GST slabs into just a few key tiers: 5%, 18%, and a 40% rate for luxury or sin goods. This change affects … Read more