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Month: September 2025

India

What are the main benefits of India’s GST 2.0 reforms for consumers

These reforms, flagged as “GST 2.0,” overhaul the existing tax framework by reducing the number of GST slabs from four to two: 5% and 18%. Nearly 99% of items previously taxed at 12% have been moved to the lower 5% slab, and about 90% of items in the 28% slab now attract an 18% tax rate. Luxury and sin goods—including tobacco products, pan masala, sugary aerated drinks, luxury vehicles, yachts, and helicopters—are assigned a new 40% tax slab.

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