{"id":116,"date":"2025-09-15T13:15:18","date_gmt":"2025-09-15T13:15:18","guid":{"rendered":"https:\/\/blog.morleyandassociates.in\/?p=116"},"modified":"2025-09-15T13:15:18","modified_gmt":"2025-09-15T13:15:18","slug":"56th-gst-council-meeting-approves-rate-rationalisation","status":"publish","type":"post","link":"https:\/\/blog.morleyandassociates.in\/index.php\/2025\/09\/15\/56th-gst-council-meeting-approves-rate-rationalisation\/","title":{"rendered":"56th GST Council meeting approves rate rationalisation"},"content":{"rendered":"\n

1.Exemption of GST on all individual life insurance policies<\/strong> whether term life, ULIP or endowment policies and reinsurance and increase the insurance coverage in the country.<\/p>\n\n\n\n

2.Rationalisation of the current 4-tiered tax rate structure into a citizen-friendly \u2018Simple Tax\u2019 – a 2 rate structure<\/strong><\/p>\n\n\n\n

Reduction of GST from 18% OR 12% to 5% o<\/strong>n a host of common man items such as, hair oil, toilet soap bars, shampoos, toothbrushes, toothpaste, Bicycles, Tableware, kitchenware, <\/p>\n\n\n\n

other household articles, et al<\/p>\n\n\n\n

Reduction of GST from 5% to NIL<\/strong> on Ultra-High Temperature (UHT) milk, Prepackaged and labelled chena or paneer; All the Indian Breads will see NIL rates (Chapati or roti, paratha, parotta, etc)<\/p>\n\n\n\n

Reduction of GST from 12% OR 18% to 5% on almost all of the food items<\/strong> such as packaged namkeens, Bhujia, Sauces, Pasta, Instant Noodles, Chocolates, Coffee, Cornflakes,<\/p>\n\n\n\n

Butter, Ghee, etc.\u00a0 \u00a0<\/p>\n\n\n\n

Reduction of GST from 28% to 18% <\/strong>on Air-conditioning machines, TVs~32 inch (all TVs now at 18%), Dishwashing machines, Small cars, Motorcycles equal to or less than 350 CC<\/p>\n\n\n\n

Reduction of GST from 12% to 5% on agricultural goods<\/strong>, such as tractors, agricultural, horticultural or forestry machinery for soil preparation or cultivation, harvesting or threshing machinery, <\/p>\n\n\n\n

including straw or fodder balers, grass or hay mowers, composting machines etc<\/p>\n\n\n\n

Reduction of GST from 12% to 5% on labour intensive goods<\/strong> such as Handicrafts, Marble and travertine blocks, granite blocks, and Intermediate leather goods<\/p>\n\n\n\n

Reduction of GST from 28% to 18% on Cement<\/strong><\/p>\n\n\n\n

Reduction of GST from 12% to NIL on 33 lifesaving drugs<\/strong> and medicines and from 5% to NIL on 3 lifesaving drugs & medicines used for treatment of cancer, rare diseases and other severe chronic diseases.<\/p>\n\n\n\n

Reduction of GST on all other drugs and medicines from 12% to 5%.<\/strong><\/p>\n\n\n\n

Reduction of GST from 18% to 5% on various medical apparatus<\/strong> and devices used for medical, surgical, dental or veterinary usage or for physical or chemical analysis<\/p>\n\n\n\n

Reduction of GST from 12% to 5% on various medical equipment<\/strong> and supplies devices such as wadding gauze, bandages, diagnostic kits and reagents, blood glucose monitoring system<\/p>\n\n\n\n

(Glucometer) medical devices, etc<\/p>\n\n\n\n

Reduction of GST from 28% to 18% on Small Cars and Motorcycles <\/strong>equal to or below 350cc<\/p>\n\n\n\n

Reduction of GST from 28% to 18% on buses, trucks<\/strong>, ambulances etc<\/p>\n\n\n\n

Uniform rate of 18% on all auto parts irrespective of their HS code<\/strong>; Three-Wheelers from 28% to 18%<\/p>\n\n\n\n

Reduction of GST from 12% to 5% on \u201cHotel Accommodation<\/strong>\u201d services having value less than or equal to Rs. 7,500 per unit per day or equivalent<\/p>\n\n\n\n

Reduction of GST from 18% to 5% on beauty and physical well-being services used by common man including services of gyms, salons, barbers, yoga centres, etc<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

1.Exemption of GST on all individual life insurance policies whether term life, ULIP or endowment policies and reinsurance and increase the insurance coverage in the country. 2.Rationalisation of the…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-116","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.morleyandassociates.in\/index.php\/wp-json\/wp\/v2\/posts\/116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.morleyandassociates.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.morleyandassociates.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.morleyandassociates.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.morleyandassociates.in\/index.php\/wp-json\/wp\/v2\/comments?post=116"}],"version-history":[{"count":1,"href":"https:\/\/blog.morleyandassociates.in\/index.php\/wp-json\/wp\/v2\/posts\/116\/revisions"}],"predecessor-version":[{"id":117,"href":"https:\/\/blog.morleyandassociates.in\/index.php\/wp-json\/wp\/v2\/posts\/116\/revisions\/117"}],"wp:attachment":[{"href":"https:\/\/blog.morleyandassociates.in\/index.php\/wp-json\/wp\/v2\/media?parent=116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.morleyandassociates.in\/index.php\/wp-json\/wp\/v2\/categories?post=116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.morleyandassociates.in\/index.php\/wp-json\/wp\/v2\/tags?post=116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}