In a landmark address to the nation on September 21, 2025, Prime Minister Narendra Modi unveiled GST 2.0 , a comprehensive overhaul of India’s indirect tax regime. Describing it as a “festival of savings” and “the first major leap toward economic self-reliance,” Modi positioned the reform as both a financial relief measure for citizens and a strategic economic decision aimed at boosting national growth.

The implementation of GST 2.0, effective from September 22, follows months of deliberation within the GST Council, which reached a consensus across party lines. The reform includes rate reductions on essential items , simplification of compliance for businesses , and an emphasis on domestic production and consumption .

Major Rate Cuts Announced

Under the new structure, Goods

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