By Admin 
GST 2.0: The 56th meeting of GST Council lasted from 3-4 September. In this, Finance Minister Nirmala Sitharaman announced some major changes in Goods and Services Tax. Under GST Reforms, 12 percent and 28 percent tax slabs have now been abolished to only 5 percent and 18 percent.
GST rates have been given relief on goods used in everyday life, while it has also been decided to impose 40 percent GST on some selected items. It is being told that this will promote consumption in the country, will speed up the economy and will also help in reducing the impact of the tariff imposed in America. The new rates of GST will be implemented from 22 September i.e. the first day of Navratri.
The economic base of the country will be strong
According to the Times of India report, Ashok P. Hinduja, chairman of the Hinduja Group of Companies (India), says that this step will strengthen India’s economic base by promoting demand at the ground level. He said, “This is an essential step taken to promote consumption by reducing the impact of global economic challenges created by the US tariffs.” It will have a large -scale positive effect on both upstream and downstream sectors. ”
Mahindra Group Chairman Anand Mahindra also said through a post on X, “Now we have joined this battle … more and faster improvement is the safest way to promote consumption and investment. These reforms will expand the economy and raise the voice of India in the world. ”
We have now joined the battle…
More and faster reforms are the surest way to unleash consumption and investment.
That, in turn, will expand the economy and amplife India’s voice in the world.But let’s remember the famous exhortation of swami vivekananda:
“Arise, Awake, and… https://t.co/rdortjscw1– Anand Mahindra (@anandmahindra) September 3, 2025
Many benefits of simplifying tax rates
FICCI President Harsh Vardhan Aggarwal also said that there will be many benefits to simplify tax rates. He said, “This is a perfect step taken to promote development and keep inflation under control.” Industry experts say that the essential things like dairy, medicines and household items will directly benefit.
This time is favorable for retail and consumer facing sectors. Rajneesh Kumar, head of corporate affairs in Flipkart Group, said that in the festive season, the market will increase the market and everyone will come forward in the journey of developed India. Ahmed Abdel Wahab, general manager of Mars Rigli India, welcomed the GST rate on FMCG products including chocolate, saying that this will give an opportunity to innovate the industry and support retailers across the country.
Development will get a boost
Sadaf Saeed, CEO of Muthoot Microfin, said that the policy rate will be strengthened due to the recently cut rate cut by the Reserve Bank and GST reforms. He said, “As the benefits of interest rates will be effective, we can expect that consumption will naturally increase, which will naturally increase, which will give further promotion to growth.”
Also read:
What things should be purchased and what things should be waiting till 22 September; Read full list