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GST 2.0 Rates LIVE Updates: The new Goods and Services Tax (GST) rates have taken effect today, with many items, including daily food and essentials, as well as life and health insurance policies, becoming cheaper.
The Government's second major overhaul of the Goods and Services Tax (GST), referred to as "GST 2.0", comes into effect today, with a wide range of rate cuts.
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."
Prime Minister Narendra Modi today termed the lowering of Goods and Services Tax (GST) rates as the beginning of "GST Utsav", presenting the reforms as a "double bonanza" to households already benefitting from recent income tax exemptions.
Prime Minister Narendra Modi asserted on Sunday that the GST reforms kicking in from Monday will accelerate India's growth story, emphasising that it is a big and important step for "aatmanirbhar Bharat."
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