GST Rates 2025 Highlights: GST Council announces sweeping rate cuts across the board, but Government not keen to bring back anti-profiteering mechanism

New rates are expected to be implemented from September 22. Some states’ demand to be compensated for the revenue loss owing to the rate cut was not approved. As endorsed by a Group of Ministers and fine-turned by the Committee of Centre and State officials, the Centre’s proposal to reduce the 4 basic slabs (5, 12, 18 and 28%) to two (5 and 18%) was deliberated upon by the GST Council. Read Article