Brief by Shorts91 Newsdesk / 12:43pm on 05 Sep 2025,Friday India
Finance Minister Nirmala Sitharaman confirmed GST 2.0 will launch on September 22, introducing a simplified two-slab tax structure aimed at easing compliance and reducing burden for businesses and citizens. Basic goods like salt and sugar will be taxed at the lowest rate, while luxury items and sugary products will face higher levies. Regular schooling remains tax-free, but coaching centres lose exemption. Sitharaman emphasized vigilance to ensure benefits reach consumers. Looking ahead, GST 3.0 will focus on stability, fairness, and smoother implementation. The government expects these reforms to boost transparency, consumption, and economic growth, marking a shift from “one nation, one tax” to a more citizen-friendly system. (PC: Mint)
