12% GST to 5%

Tag: 12% GST to 5%

Modi Government Plans Biggest GST Reform: 12% Slab to 5%, 28% to 18%, New 40% Rate for Tobacco

2025-08-15 Niranjan Ghatule

Ahead of Diwali, the Modi government is set to announce major GST reforms, cutting the 12% slab to 5% on 99% goods, reducing most 28% items to 18%, and introducing a special 40% rate for tobacco products.

Modi Government Plans Biggest GST Reform: 12% Slab to 5%, 28% to 18%, New 40% Rate for Tobacco

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