https://www.taxtmi.com/news?id=56383 Effective September 22, the GST regime is restructured into a primary two-tier framework consolidating most supplies into lower 5 per cent and middle 18 per cent bands, with ultra-luxury and sin goods kept at elevated rates and cess. The measure reclassifies many consumer staples, medicines, personal care products, selected durables, construction inputs and certain vehicle categories into reduced tax treatment, alters Input Tax Credit applicability for specified services, and obliges market participants to adjust retail pricing to pass on tax benefits. en-us Sun, 21 Sep 2025 19:31:02 +0530 Sun, 21 Sep 2025 19:31:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=56383 Effective September 22, the GST regime is restructured into a primary two-tier framework consolidating most supplies into lower 5 per cent and middle 18 per cent bands, with ultra-luxury and sin goods kept at elevated rates and cess. The measure reclassifies many consumer staples, medicines, personal care products, selected durables, construction inputs and certain vehicle categories into reduced tax treatment, alters Input Tax Credit applicability for specified services, and obliges market participants to adjust retail pricing to pass on tax benefits. News - Sun, 21 Sep 2025 19:31:02 +0530 https://www.taxtmi.com/news?id=56383