As a festive gift for Dussehra and Diwali, Finance Minister Nirmala Sitharaman has announced a significant reduction in GST rates, simplifying the multi-tier tax structure across various goods and services. The revised GST rates, announced by Nirmala Sitharaman, will come into effect starting today.read also: New GST Rates Effective from Today... 10 Key Points Taxpayers Must Know!

The 5% tax on milk, bread, chapati, roti, and paneer has been reduced to zero. The 18% tax on parotta and other types of bread has also been brought down to zero. Additionally, the 12% tax on educational items such as books, pencils, and maps has been eliminated, making them tax-free.The tax on butter, ghee, dates, meat, sauces, tender coconut, almonds, cashews, and similar items has been reduced from 12% to 5%.read also: Tumakuru Dasara 2025: A Grand Celebration of Heritage and Devotion Begins with Nandi Flag Worship..

Similarly, the 18% tax on hair oil, toothpaste, toothbrushes, shaving cream, and other such items has been lowered to 5%. The tax on all vehicles, previously at 28%, has been reduced to 18%. However, the tax on caffeinated beverages and alcoholic products has been increased from 18% to 40%. Similarly, the tax on pan masala, gutka, and cigarettes has been raised from 28% to 40%.All these revised rates will come into effect starting today.Veirdo® 100% Pure Cotton Regular Fit Half Sleeve Solid Core Round Neck Multicolor T-Shirt Combo for Men (Pack of 3)