Here are the GST slabs:
September 3 – GST Council Meeting: Approved the new GST reform.
GST Slabs Changed: 12% and 28% slabs removed; only 5% and 18% slabs remain.
Items Affected: Food, clothes, cars, ACs, TVs—GST rates have been reduced.
Effective Date: New GST rates will come into effect from September 22.
“LPG Price drop From September 22, most essential items are set to become cheaper under the new GST reform. From food products to almost every daily necessity, prices are coming down. Meanwhile, people are also searching about LPG Price drop, trying to find out whether their prices will drop too. So, let’s understand how much GST will actually apply on LPG.”
Will LPG prices drop in 22 sep?
“The government applies different GST rates on LPG cylinders used for domestic and commercial purposes. Domestic cylinders are taxed at 5% GST, while commercial-use cylinders attract 18% GST. The GST Council has not announced any change in these rates, which means the GST on LPG cylinders will remain the same.”
How Does the New GST Reform Affects LPG Price Drop?
“From September 22, the prices of both domestic and commercial LPG cylinders will remain unchanged, with no revisions announced. Commercial LPG cylinders continue to attract 18% GST because they are used for business purposes, such as in hotels and restaurants.”
LPG Price Drop from September 22: What You Need to Know.
“It is worth noting that the GST Council meeting held on September 3 approved several major decisions. Led by Finance Minister Nirmala Sitharaman, the council introduced the biggest change since GST was first implemented in 2017. The GST rates were reduced on a wide range of items — from daily essentials (FMCG) and healthcare products to educational materials, electronic goods, agricultural equipment, insurance, and even automobiles.”
“The only increase was announced on sin products like tobacco, where the GST rate has been raised to 40%. This time, cold drinks have also been included in the higher slab. Super luxury cars will now attract 40% GST as well.”