The Commodity and Services Board wipes the interest rate structure, bonanza for families, and a rate of 40 % on sin and super luxury goods

In one of the rewards for families before the holiday season, the Commodity and Services Tax Council approved on Wednesday the double price structure of 5 % and 18 % to impose an indirect tax, which led to a large number of goods and services to become cheaper. New prices will be implemented from September 22 before Navratri and Diwali festivals.

The decision was taken at a meeting of the Commodity and Services Tax Council headed by the Federation’s Finance Minister Nermalla Setharman, and Prime Minister Narendra Modi’s announcement follows his speech on Independence Day, where he said that the reforms next generation will come by Diwali.

“The Prime Minister put the tone of reforming the next generation on August 15 when it occurred in the red fort and wanted to deny the benefit of people as soon as possible. This reform is not limited to rationalizing prices, but also on structural reforms and ease of living. We have corrected inverted duty.

She said that the rationalization of prices was implemented with the structure of two plates and compensation was disposed of, adding that there is a complete decrease in the elements of the ordinary man and the middle class of 12 % and 18 % to 5 %. These include hair oil, soap bar, shampoo, bicycles, toothbrush, table tools, kitchen tools and all household items.

Reducing commodity and services tax from 5 % to Nil includes elements such as high -temperature milk, paranger and all Indian bread such as Chapatis, Rotis and Parathas. A tax will be imposed on namkens, gujiya, sauces, pasta, chocolate, pasta, and ghee by 5 %. Taxes will now be imposed on air conditioner machines, television devices that exceed 32 inches, dishwashers, small cars and car cycles equal to or less than 350 cc of 18 %.

Under the new structure, current rates of 12 % and 28 % will be eliminated while CESS compensation will also end. 40 % of the specified sin will be imposed and luxurious luxury commodities including the general Masala, cigarettes, Jakha, chewing tobacco, visited. Warnings will also be imposed on all soft drinks and non -alcoholic drinks by 40 %. Medium -sized and large cars, motorcycles exceeding 350 cc, helicopters for personal use, yachts and other fun and sports will be 40 %.

The commodity and services tax will be imposed on the retail sale price on the Masala cigarettes, Zerda, and tobacco chewing.

Meanwhile, in the insurance sector, all of the individual life insurance will be exempted from commodity and services tax to make insurance within the reach of the ordinary man. All individual health insurance policies will also be exempt from commodity and services tax as well as reinsurance.

These reforms were implemented with a focus on the ordinary man. In most cases, the rates decreased significantly. The main engines of the economy were granted intense, extensive, healthy, health care.

This step is expected to give a boost to demand in consumption in the country and support manufacturers at a time when the United States has imposed a 50 % tariff on Indian exports, making concerns about the local progressive growth.

Grands are now imposed on handicrafts, textiles by 5 % and cement by 18 %. 33 Medicines to save life will have a tax on it. Taxes will be imposed on diagnostic and glucose groups in the blood and glasses by 5 %.

Buses, trucks and ambulances, taxes will be imposed on three wheels by 18 % with all car parts.

The marathon meeting of the Council lasted for more than 10 and a half hours, as the center and states worked to survey the proposals and reach a consensus on the comprehensive price rationalization exercise.

The long inverted duty structure of the human -made tissue structure is corrected by reducing the average on the fiber and spinning to 5 %.

The problem of inverted duty in the fertilizer sector has also been addressed. The commodity and services tax has been reduced from 12 % to 5 % on renewable power devices such as air mills, biomas, plant waste, devices, solar kitchen and solar water heaters.

An official edition said that the changes in the rates of commodity and services tax for all goods except for the general Masala, Goga, cigarettes, chewing tobacco products such as Zarda, unsupported and brilliant tobacco, will be implemented from September 22, 2025. CESS, when necessary, until the obligations of paying the loan and benefits are discharged under the Cess CESS account completely.

Revenue Minister Arfind Sharfastava said that the net financial inclusion of this step is expected by about 48,000 rupees on the basis of consumption base from 2023-24.

She said: “The Minister of Finance of the Federation and the Chairman of the Commodity and Services Tax Council may determine the actual date of the transition to the revised rates of the GST approved by the Council for the above -mentioned goods.”

The Deputy Prime Minister of Bihar Samarat Chaudhry said that all the states were on board to rationalize prices and was a unanimous decision.

The Minister of Finance of Western Bengal State, Chandria Bahtasharia, said that the total loss due to the rationalization of the commodity and services tax rate will be 47,700 rupees.