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.