GST rates revised: Check the complete list of goods under 40 per cent sin, luxury tax slab

In a landmark decision, the GST Council has approved sweeping tax rate cuts that will take effect from September 22, coinciding with the first day of Navratri. Union Finance Minister Nirmala Sitharaman made the announcement after the 56th GST Council meeting on Wednesday. The move is being hailed as the biggest reform in the GST regime since it was rolled out across India on July 1, 2017. Sitharaman said the reforms have been carried out with a focus on the common man, and in most cases, tax rates have come down drastically. "I think it will have a very positive impact on the GDP," Sitharaman said when asked about the impact of rate rationalisation on GDP growth.

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