Next-Gen GST Overhaul: Tax Relief for Food Products
The GST Council has announced a significant overhaul of the Goods and Services Tax (GST) structure, reducing rates for staple foods to tax-free and processed foods to 5%. This change, effective from September 22, 2025, aims to simplify the tax system, lower food prices, boost demand, and support the food processing industry, ultimately benefiting consumers and small businesses.
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