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Story summary
- The Indian government will lower GST rates for nutraceuticals from 18% to 5%, effective September 22, 2025.
- This is the first GST reduction in eight years, part of reforms approved by the GST Council.
- Essential goods will face GST rates of 0% to 5%, while luxury items will be taxed at 40%.
- Prime Minister Modi called the reduction a "Diwali gift" to ease consumer tax burdens.
- The reforms aim to simplify the tax structure and enhance compliance, benefiting the food processing and nutraceutical sectors.
