{"id":35,"date":"2026-03-07T21:39:23","date_gmt":"2026-03-07T16:09:23","guid":{"rendered":"https:\/\/corparmour.com\/blog\/?p=35"},"modified":"2026-03-07T21:39:23","modified_gmt":"2026-03-07T16:09:23","slug":"gst-goods-and-services-tax-change-in-slab-rate-and-its-effect","status":"publish","type":"post","link":"https:\/\/corparmour.com\/blog\/gst-goods-and-services-tax-change-in-slab-rate-and-its-effect\/","title":{"rendered":"GST (Goods and Services Tax) change in slab rate and its effect"},"content":{"rendered":"<h2><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/corparmour.com\/blog\/wp-content\/uploads\/2026\/03\/Untitled-design-6.png\" alt=\"\" width=\"720\" height=\"480\" class=\"size-full wp-image-36 aligncenter\" srcset=\"https:\/\/corparmour.com\/blog\/wp-content\/uploads\/2026\/03\/Untitled-design-6.png 720w, https:\/\/corparmour.com\/blog\/wp-content\/uploads\/2026\/03\/Untitled-design-6-300x200.png 300w, https:\/\/corparmour.com\/blog\/wp-content\/uploads\/2026\/03\/Untitled-design-6-360x240.png 360w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\" \/><\/h2>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corparmour.com\/blog\/gst-goods-and-services-tax-change-in-slab-rate-and-its-effect\/#GST_Goods_and_Services_Tax_change_in_slab_rate_and_its_effect\" title=\"GST (Goods and Services Tax) change in slab rate and its effect\">GST (Goods and Services Tax) change in slab rate and its effect<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corparmour.com\/blog\/gst-goods-and-services-tax-change-in-slab-rate-and-its-effect\/#Next_GEN_GST_Reform_increases_the_cycle_of_growth_by_the_following_way\" title=\"Next GEN GST Reform increases the cycle of growth by the following way:\">Next GEN GST Reform increases the cycle of growth by the following way:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corparmour.com\/blog\/gst-goods-and-services-tax-change-in-slab-rate-and-its-effect\/#How_can_the_industry_explore_this_opportunity\" title=\"How can the industry explore this opportunity?\">How can the industry explore this opportunity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corparmour.com\/blog\/gst-goods-and-services-tax-change-in-slab-rate-and-its-effect\/#smoothing_supply_chain_It_will_reduce_the_cost_of_inventory\" title=\"smoothing supply chain. It will reduce the cost of inventory.\">smoothing supply chain. It will reduce the cost of inventory.<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"GST_Goods_and_Services_Tax_change_in_slab_rate_and_its_effect\"><\/span>GST (Goods and Services Tax) change in slab rate and its effect<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong><u>\u00a0<\/u><\/strong>On 3<sup>rd<\/sup> September 2025, GST Council has taken historic steps to simplify the tax structure in GST Act by removing of tax rate and now only three tax rates are applicable i.e. 5%, 18%, and 40 %. However, 40 % tax rate is applicable only for luxury item and SIN Goods.<\/p>\n<p>The historic changes are not only the simplify tax structure but also simplify the GST Registration process and simplify refund process for exporters. The new effective rate shall be applicable with effect from 22<sup>nd<\/sup> September 2025. This reform is called Next Gen GST Reforms.<\/p>\n<p>We can summarize the benefit of new tax reforms as below:<\/p>\n<ol>\n<li>It expands the tax base in India and it will be very closer to the One Nation One Tax.<\/li>\n<li>Smoother duty structure will help in faster refund process.<\/li>\n<li>Easy registration for small and low risk business.<\/li>\n<\/ol>\n<p>It will encourage the Automobile Sector, Service Sector, Hotel Industry, Household Sector, Medical Sector, Health and Insurance Sector and major boost for Agriculture Sector.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Next_GEN_GST_Reform_increases_the_cycle_of_growth_by_the_following_way\"><\/span>Next GEN GST Reform increases the cycle of growth by the following way:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Lower rate of goods and services will attract saving and increase purchasing power.<\/li>\n<li>It will support MSME by lower raw material cost and encourage business environment. The benefit can be availed only by getting simple MSME registration.<\/li>\n<li>Two rates will be more popular and cover all the goods and services and it will affect the simpler compliance process and less dispute, quicker resolution.<\/li>\n<li>GST Exemption for Health insurance and lower rate of GST on medicine will provide social security.<\/li>\n<\/ul>\n<p>The entire business growth cycle will be:\u00a0 <strong>Lower costs \u2192 higher demand \u2192 larger tax base \u2192 stronger revenues \u2192 sustainable growth.<\/strong><\/p>\n<p>However, it will be the estimated revenue loss of Rs 48000 Crores annually but this can be set off against high demand in coming days.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_can_the_industry_explore_this_opportunity\"><\/span>How can the industry explore this opportunity?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>MSME and START UP can take the benefit by way of simpler pricing, working capital relief, ITC refund, and compliance relief.<\/li>\n<li>Manufacturing sector specially construction, Auto and textiles can be benefited by<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"smoothing_supply_chain_It_will_reduce_the_cost_of_inventory\"><\/span>smoothing supply chain. It will reduce the cost of inventory.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Real estate and infrastructure sector expecting to cut in price and increase in demand of new home. Developers are expecting to make more affordable projects.<\/li>\n<li>Automobile sectors have double benefits. Expecting low tax rate will increase demand in small segment cars while as high tax price on luxury cars will maintain the premium market.<\/li>\n<\/ul>\n<p><strong><u>Conclusion:<\/u><\/strong> The NEXT GEN GST REFORMS is welcome steps and it will be benefited for all consumer as well as corporates.\u00a0 It is a balancing act for revenue and growth. It will boost the digital economy and automation of compliance work. STARTUP Registration, MSME Registration and RERA will collectively help to facilitate the legal and structured compliant business framework for young entrepreneurs to build and scale their business.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GST (Goods and Services Tax) change in slab rate and its effect \u00a0On 3rd September 2025, GST Council has taken historic steps to simplify the tax structure in GST Act by removing of tax rate and now only three tax rates are applicable i.e. 5%, 18%, and 40 %. However, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":36,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-35","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uncategorized"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GST (Goods and Services Tax) change in slab rate and its effect - Corparmour<\/title>\n<meta name=\"description\" content=\"welcome to you Manmachine Automotive\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/corparmour.com\/blog\/gst-goods-and-services-tax-change-in-slab-rate-and-its-effect\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"GST (Goods and Services Tax) change in slab rate and its effect - 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