New GST Rates in India: Key Changes You Must Know
The Goods and Services Tax (GST) has been India’s biggest tax reform since independence, streamlining multiple indirect taxes into a single system. However, over the years, the complex slab structure has often been criticized for being cumbersome. To address this, the 56th GST Council meeting has approved a major overhaul of GST rates—popularly being called GST 2.0. These changes, officially notified on the CBIC and PIB websites, will come into effect from September 22, 2025 (except for tobacco and related products, where decisions are pending). Let’s break down the new structure, what gets cheaper, what may cost more and what this means for you.