GST 2.0 is here! What the new tax reforms mean for you - 10 things to know
Effective September 22, 2025, the Modi government's GST 2.0 simplifies taxation with two slabs (5% and 18%), benefiting households, businesses, and farmers. Essentials become cheaper, life insurance is GST-free, and healthcare costs decrease. Consumer durables, housing materials, and auto sectors also see reduced GST, boosting affordability and domestic manufacturing.
Effective September 22, 2025, the Modi government's GST 2.0 simplifies taxation with two slabs (5% and 18%), benefiting households, businesses, and farmers. Essentials become cheaper, life insurance is GST-free, and healthcare costs decrease. Consumer durables, housing materials, and auto sectors also see reduced GST, boosting affordability and domestic manufacturing.
