GST 2.0 | Diwali Gift or Fiscal Gamble? | What's Cheaper & Costlier? | StudyIQ IAS English

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In September 2025, India rolled out GST 2.0, condensing four tax slabs into just two (5% and 18%), while introducing a hefty 40% for luxury and sin goods. Essentials like soaps, hair oil, and bicycles now attract just 5% GST, while roti, paratha, paneer, and even cancer drugs are GST-free.

#GST #GSTReform #currentaffairs #FiscalPolicy #MarketRally #goodsandservicestax #LuxuryTax #indianeconomy #Economy #studyiqiasenglish
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