New Delhi, Sept. 21 -- The Indian central government-led GST Council, after its 56th meeting on 3 September 2025, decided to revamp the prevailing goods and service tax (GST) slab structure into a 'two-tier' system in order to simplify the indirect tax structure in India.

From Monday, 22 September 2025, Indian consumers will have an updated 'two-tier' tax system where commodities sold in the nation will fall under the 5% or the 18% tax bracket, depending on their nature. As per the current norms, GST in India is levied in four slabs - 5%, 12%, 18% and 28%, which the government has now changed.

The central government's move will, in turn, reduce the prices of many products sold in the Indian economy; however, effective Monday, a large se...