India will witness a restructuring of its Goods and Services Tax (GST) system from today, which government officials have described as the launch of "GST 2.0." The overhaul, coinciding with the first day of Navaratri, will benefit nearly every household, business, and service sector in the country.
The GST Council, composed of the Centre and state governments, has agreed to rationalise the tax structure by reducing rates on hundreds of essential and mass-consumption items. For consumers, the immediate effect will be visible on supermarket shelves, in pharmacies, at automobile dealerships, and across sectors such as healthcare, insurance, and education.
Finance Minister Nirmala Sitharaman has said that this restructuring will add around Rs 2 lakh crore to the economy.
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A new era for Indian consumers began with the launch of GST 2.0 on September 22, with consumer excitement visible in the markets even before the Navratri festival started.
A screenshot circulating on X shows the breakdown of "GST and other charges" on Swiggy, including restaurant packaging, platform fee, rain fee, restaurant GST, and a separate line for 'GST on rain fee'.
Kawasaki has announced the revised prices of its 'big motorcycles' in India under the new GST structure. Here are the prices of the Kawasaki Ninja 500, Z900, and more.
The Harley-Davidson X440 will receive no change in the prices, and continues to be offered at a starting price of Rs 2.40 lakh (ex-showroom).
Aprilia and Vespa have passed on the full GST benefits under the new GST structure. Here is the list of the popular Vespa and Aprilia scooters, with the new prices.
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