India Rolls Out "GST 2.0" with Major Rate Cuts and "Bachat Utsav"
September 22, 2025
India has implemented significant Goods and Services Tax (GST) reforms, dubbed "GST 2.0," which came into effect on September 22, 2025. Prime Minister Narendra Modi addressed the nation, terming the changes a "GST Bachat Utsav" or "Savings Festival," aimed at making numerous goods and services, including food, cars, and consumer durables, more affordable. The reforms streamline the tax structure by reducing the number of slabs and are projected to boost economic growth and simplify business operations.
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