<h1>National council approves GST overhaul: two-tier rates (18%, 5%, 40%), exemptions, reverse charge and procedural updates</h1> A national tax policy body approved comprehensive GST reforms including rationalisation of rates into a two-tier structure (standard 18%, merit 5%, limited demerit 40%), along with updates to exemptions, reverse charge provisions and procedural rules; notifications implementing the September 17, 2025 decisions were issued. The record lists recommendations, minutes and FAQs from successive council meetings (1st-56th) addressing rate changes, composition scheme thresholds, e-way bills, compensation cess, IGST exemptions, law and procedural amendments, and sector-specific reliefs. The materials are presented as meeting recommendations, minutes and implementing notifications.