GST 2.0: Relief for the Masses or a Vote-Winning Ploy?
As Diwali lights begin to sparkle, India has unveiled a sweeping overhaul of its Goods and Services Tax (GST) system, effective September 22, 2025. Branded GST 2.0, this reform is the boldest tax shake-up since the system’s debut in 2017. The old, tangled slabs of 5%, 12%, 18%, and 28% have been streamlined into just two—5% and 18%—with a 40% rate for luxury and sin goods. For millions of Indians, this promises cheaper essentials, healthcare, and gadgets. But with a looming ₹48,000 crore revenue shortfall and elections around the corner, is this a genuine reform or a festive-season vote magnet?
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