• twitter-icon
Unlimited Tax Return Filing


56th GST Council Meeting: Big Relief on Essential Goods

Upcoming 56th GST Council Meeting

The upcoming 56th GST Council meeting may be held in the first week (3rd or 4th) of September 2025. The forthcoming GST 2.0 framework aims to rationalise the tax structure by reducing the number of slabs and revising existing rates. In the upcoming meeting, the FM is expected to take several decisions on reducing GST rates on pre-packaged and labelled items.

Analysts predict significant changes that could make essential commodities more affordable, lower insurance and health premiums, and move high-demand items into lower tax brackets. In the upcoming meeting, nearly 90% of goods currently taxed at 28% may shift to the 18% slab, while items in the 12% category could be reduced to the 5% rate.

Likely to Get Cheaper

  • Health & Life Insurance: possible rationalise to a lower rate
  • Motorcycles below >350cc and Auto Components may be 28% to 18%
  • FMCG may move to 5% slab
  • Petrol/Diesel Cars (<1200cc) may be reduced from 28% to 18%
  • Daily-use items may be moved to the 5% slab

Read Official Memorandum

Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."

Published by Arpit Kulshrestha
Arpit Kulshrestha seeks higher interests in financial services, taxation, GST, I-T, etc. Writes articles with depth knowledge and is extensive for the same. The resources provide effective articles for the products of SAG infotech which provides taxation and IT software. Writing from observations and researching makes his articles virtuous. View more posts
SAGINFOTECH PRODUCTS

Leave a comment

Your email address will not be published. Required fields are marked *

Latest Posts

Best Offer in 2025

Powering India's Taxation Experts with Innovation

Upto 20% Off
Tax, ROC/MCA, XBRL, Payroll, Online GST

Limited Offer, Hurry

New Tax Offer 2025

Upto 20% Discount on Tax Software

    Select Product*

    Current GST Due Dates