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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

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