PM Modi's Diwali Gift: 2 Plate Proposals to the GST Council, which will be cheaper?

Last updated: August 15, 2025, 18:15 IST can ease your pocket class just before the festive season. In the month of September-October, 2 tax sheets can be approved at the GST council meeting. This will make many everyday items cheap. Announcement to bring 2 pages GST structure New -Delhi. At the 79th Independence Day, Prime Minister Narendra Modi made a big announcement about Tax on Goods and Services (GST). He said we bring a great reform in GST to Diwali. The government has proposed a GST rate structure of 2 plates. Following the announcement of Premier Modi, the government sent a proposal to the GST council. This proposal was sent to the states and the ‘rate relations’ group ministers (glue). The current 4 plates GST (5 percent, 12 percent, 18 percent, 28 percent) are planned to reduce 2 pages (5 percent and 18 percent). Most of the everyday things get 5 percent of the GST in GST. 99 percent of the goods that are in 12 percent will be moved to 5 percent. 90 percent of the goods that are in 28 percent will enter 18 percent into the plate. Relief for farmers, students and middle class will reduce tax on equipment, crafts, medicines, insurance. Some things that were in 18 percent can be 5 percent or tax -free. It is also suggested to reduce GST about things related to rural employment. It is proposed to impose 40 percent GST on 5-7 items such as Tabacco, Paan Masala at ‘Sin Goods’. When will it apply? The GST council meeting can be held in September-October. The government wants the new GST structure to be implemented before Diwali. 8 years of the GST system completed that the GST system was implemented on July 1, 2017. Now the 8 years have been completed. The Ministry of Finance said on social media platform X on August 15 that the purpose of reforms in GST is to reduce the disputes associated with the classification of items. The government wants stability in GST tariffs. The purpose of the government is to increase the comfort of life. Over the past five years, author Vinoy Jha has been working as a senior copy editor in News18hindi after starting his career with print media. Business News Team has been part of the team for almost 2 years. He has a decade of experience in journalism. … Read more, after the past five years have started a career with print media, there is a senior copy editor in News18hindi. Business News Team has been part of the team for almost 2 years. He has a decade of experience in journalism. … Read more here to add News18 as your favorite news source on Google. Location: New -delhi, Delhi first published: 15 August 2025, 17:52 IST Homebusiness PM Modi’s Diwali Gift: 2 Plates proposed to the GST Board, which will be cheap?