#Spotlight | India: New GST Rates Kick In, Here's What Is Getting Cheaper India's Prime Minister Narendra Modi unveiled GST 2.0, a sweeping reform to India’s indirect tax system, billed as a "Festival of Savings." Timed with Navratri and extending through Diwali and beyond, the new GST merges four slabs into three effective categories: 0% on essentials, 5% on mass consumption goods and services, and 18% on most other items, alongside a 40% sin tax on alcohol, tobacco, and online betting. Consume
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#Spotlight | India: New GST Rates Kick In, Here's What Is Getting Cheaper India's Prime Minister Narendra Modi unveiled GST 2.0, a sweeping reform to India’s indirect tax
Firstpost. . #Spotlight | India: New GST Rates Kick In, Here's What Is Getting Cheaper India's Prime Minister Narendra Modi unveiled GST 2.0, a sweeping reform to India’s indirect tax system, billed as a "Festival of Savings." Timed with Navratri and extending through Diwali and beyond, the new GST merges four slabs into three effective ...
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The GST Council has announced a major overhaul of India’s tax structure, simplifying it into three slabs — 5%, 18%, and 40%. This festive-season reform comes as Prime Minister Narendra Modi’s big “GST gift” for the common people, first hinted at in his Independence Day address from the Red Fort. Business Today’s Karishma Asoodani explains the key reforms: several goods have been shifted to lower tax brackets, bringing relief for consumers and industries. Most items, including automobiles, now fa
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#Spotlight: India's Prime Minister Narendra Modi unveiled GST 2.0, a sweeping reform to India’s indirect tax system, billed as a "Festival of Savings." Timed with Navratri and extending through Diwali and beyond, the new GST merges four slabs into three effective categories: 0% on essentials, 5% on mass consumption goods and services, and 18% on most other items, alongside a 40% sin tax on alcohol, tobacco, and online betting. | Firstpost
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