Business

GST Rate Cut 2025: New Two-Tier Structure Announced; Goa Casinos Face 40% Levy Concern


Finance Minister Nirmala Sitharaman has introduced a two-tier GST structure effective September 22, 2025, with 5% and 18% slabs. While life and health insurance premiums have been exempted from GST, casinos in Goa face a steep 40% levy under “sin goods”, raising concerns over footfall, fresh investments, and thousands of jobs