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Historic Diwali Gift for the Nation ๐ŸŽ‰

GST 2.0: Next-Gen Tax Structure Taking Effect from 22 September 2025

India is on the verge of its biggest Goods and Services Tax (GST) revamp till date, which was launched in 2017 - informally called GST 2.0. This reform, finalised at the 56th GST Council meeting, will simplify the current 4-slab system and convert it into two primary rates: 5% and 18%. A separate โ€œsin taxโ€ of 40% has been kept for luxury and harmful goods.

Along with this, vital items like milk, bread and important medicines will become tax-free from 22 September 2025, which coincides with the start of Navratri. This step will transform compliance, consumer spending and affordability across the country.

Read Full GST 2.0 Article

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