Question
The GST structure was simplified by the government in
2025 to move to a two-slab system. However, a new tax rate was introduced for luxury and sin good at _____Solution
The 56th meeting of the GST Council, chaired by Union Finance Minister approved Next-Gen GST reforms in September 2025, that aim at simplification of the GST structure. The changes became effective 22 Sep 2025 with following tax changes: • The shift to a two-slab system of 5% and 18%, removing the earlier 12% and 28% rates to make taxation more transparent and easier to follow. • a 40% tax on luxury and sin goods such as pan masala, tobacco, aerated drinks, high-end cars, yachts, and private aircraft to ensure fairness and revenue balance.
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