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India launched GST 2.0 on September 22, 2025, cutting taxes on everyday goods and services to lower prices and boost spending.
On September 22, 2025, India launched GST 2.0, simplifying its tax system by reducing rates on hundreds of everyday goods and services, including food, medicines, household appliances, and wellness services, leading to lower prices nationwide.
The reform replaced multiple tax slabs with two main rates—5% and 18%—for most items, while luxury and sin goods face a 40% rate.
Essential products like ghee, paneer, bread, UHT milk, life-saving drugs, and medical devices became cheaper or tax-free, and major appliances, cars, and personal care items saw reduced costs.
The move, timed for the festive season, aims to boost consumption, support small businesses, and increase disposable income, with companies across sectors adjusting prices to stimulate demand.
India lanzó GST 2.0 el 22 de septiembre de 2025, reduciendo los impuestos sobre bienes y servicios cotidianos para bajar los precios y aumentar el gasto.