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Most 12%, 18% items shifted to 5% GST slab: FinMin
The New Indian Express Villupuram
|September 15, 2025
UNION Finance Minister Nirmala Sitharaman on Sunday said over 90% of items in the 18% GST slab and 99% of goods in the 12% slab have been shifted to the 5% bracket under the recent tax reforms.
She added that moving towards a two-slab system of 5% and 18%, along with reducing tax rates on a majority of items, would positively impact all 140 crore Indians.
She was speaking at Tax Reforms for Rising Bharat, an event organised by the Joint Conclave of Trade and Industries Association.
This story is from the September 15, 2025 edition of The New Indian Express Villupuram.
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