Monday, September 8, 2025
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New Delhi

Tag: auto sector

GST 2.0 Unveiled: Big Savings on Essentials, New Tax Slabs to Boost Affordability

The Indian government has unveiled "GST 2.0," a major tax reform reducing slabs to just two—5% for essentials and 18% for standard goods—while super luxury and sin items will face a 40% tax. This move will make daily essentials, medicines, education supplies, small vehicles, and household appliances cheaper. The government says the reforms will ease household budgets, boost consumption, and provide stability to MSMEs.