The next-generation GST 2.0 reform, being rolled out on a vast number of items are effective from Monday, which Prime Minister Narendra Modi, in his address on Sunday, had described as a ‘saving festival’ (Bachat Utsav). The GST will now be a two-tier structure wherein the majority of goods and services will attract tax of 5 and 18 per cent. A 40 per cent tax will be levied on ultra luxury items, while tobacco and related products will continue to be in the 28 per cent plus cess category.

Till now, Goods and Services Tax (GST) was levied in 4 slabs of 5, 12, 18 and 28 per cent. Besides, a compensation cess is levied on luxury items and demerit or sin goods. So what is cheaper, what is pricier? Let us take a look

Air conditioners: Items that currently sit in the 28% bracket could be broug

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