Diwali cheer comes early for Indian middle class as Sitharaman announces GST 2.0
Published on: Sept. 3, 2025, 11:14 p.m. | Source: The Economic Times
Diwali arrives early for the Indian middle class. The GST Council reduces tax slabs to 5% and 18%. Food, essentials, and durables become cheaper. Families save money on various products. Personal care items and smaller cars also see tax cuts. Health insurance becomes exempt from GST. The new rates are effective from September 22, 2025.
