"two-tier rate structure"

#12732661

8 September 2025

Air conditioner machines are seen at an electronics store in Kolkata, India, on September 8, 2025. The Goods and Services Tax (GST) Council approves a two-tier rate structure of 5% and 18%. Announcing the new GST reforms, union finance minister Nirmala Sitharaman says, ''We have reduced the slabs. There shall be only two slabs, and we are also addressing the issues of compensation cess.'' The revised rates take effect from September 22, bringing relief across a wide range of goods. Under the GST rate cut, most consumer electronics--such as air conditioners and televisions--shift from the old 28% slab down to 18% GST.

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#12732673

8 September 2025

Refrigerators are seen at an electronics store in Kolkata, India, on September 8, 2025. The Goods and Services Tax (GST) Council approves a two-tier rate structure of 5% and 18%. Announcing the new GST reforms, union finance minister Nirmala Sitharaman says, ''We have reduced the slabs. There shall be only two slabs, and we are also addressing the issues of compensation cess.'' The revised rates take effect from September 22, bringing relief across a wide range of goods. Under the GST rate cut, most consumer electronics--such as air conditioners and televisions--shift from the old 28% slab down to 18% GST.

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Commercial use is not permitted without prior authorization.
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#12732675

8 September 2025

Smartphones are seen at an electronics store in Kolkata, India, on September 8, 2025. The Goods and Services Tax (GST) Council approves a two-tier rate structure of 5% and 18%. Announcing the new GST reforms, Union Finance Minister Nirmala Sitharaman says, ''We reduce the slabs. There shall be only two slabs, and we are also addressing the issues of compensation cess.'' The revised rates take effect from September 22, bringing relief across a wide range of goods. Under the GST rate cut, most consumer electronics--such as air conditioners and televisions--shift from the old 28% slab down to 18% GST.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
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#12732681

8 September 2025

Smart TVs are seen at an electronics store in Kolkata, India, on September 8, 2025. The Goods and Services Tax (GST) Council approves a two-tier rate structure of 5% and 18%. Announcing the new GST reforms, Union Finance Minister Nirmala Sitharaman says, ''We have reduced the slabs. There shall be only two slabs, and we are also addressing the issues of compensation cess.'' The revised rates take effect from September 22, bringing relief across a wide range of goods. Under the GST rate cut, most consumer electronics--such as air conditioners and televisions--shift from the old 28% slab down to 18% GST.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.