India announces major tax reforms amid tariff slump
September 2025 1321 views 4:15On September 3, 2025, India overhauled its Goods and Services Tax (GST), cutting taxes on everyday essentials like soap, shampoo, toothpaste, packaged foods, cement, and lifesaving medicines. The reform simplifies the tax system from four slabs to two — 5% and 18% — while introducing a 40% rate on sin and luxury goods such as tobacco, sugary drinks, luxury cars, and yachts. The government estimates a $57 billion revenue impact but expects higher compliance and consumption to offset losses.
- Tags:
- India GST 2025
- GST reform India
- GST cuts
- India tax news
- household goods GST
- sin and luxury goods tax
- Nirmala Sitharaman
- Narendra Modi
- India economy news
- agriculture tax cut
- India tax overhaul
- U.S. tariffs India
- trump Indian diaspora
- Indian expatriates
- NRI (Non-Resident Indian)
- Desi community
- Indian culture abroad
- Indian traditions overseas
- Indian immigrants
- Global Indians
- Indian heritage worldwide
- Diaspora experiences
- Cultural exchange
- Indian lifestyle abroad
- Overseas Indians
- Indian expat stories
- Community connections
- Indian identity
- Diversity in diaspora
- Diaspora celebrations
- Indian festivals abroad
- Diaspora perspectives
Related Videos
.jpg)
Sponsored
.png)
ADVERTISEMENT
ADVERTISEMENT
E Paper
ADVERTISEMENT
Video
