New GST rates list 2025: ACs, cars, insurance and even mobile bills may get cheaper
Published on: Aug. 20, 2025, 7:50 p.m. | Source: Economic Times
What are the new GST rates 2025 being discussed, and how may they impact you?The government is pushing Next-Gen GST, a proposal that could simplify slabs and cut prices for many essentials, services, and big-ticket items.Here’s the proposed new GST rates list:From 4 slabs to just 2 (5% and 18%)ACs, TVs, and small cars may get cheaperInsurance premiums may drop from 18% to 5% or even zeroTelecom industry pushing for mobile and broadband bills to fall to 5% GSTPackaged foods and daily essentials may move to 5%Tobacco, pan masala, luxury goods to face 40% “sin tax”States warn of heavy revenue loss, up to ₹9,000 crore annuallyPM Modi calls it a “double Diwali” giftCongress says GST 2.0 proves GST 1.0 was flawed, the “Gabbar Singh Tax”Govt says the long-term goal is one nation, one tax by 2047Final decision will rest with the GST Council meeting in September.
