The next-generation GST reforms, as announced by Prime Minister Shri Narendra Modi on 15th August 2025 and later recommended in the 56th GST Council Meeting on 3rd September 2025, mark a historic shift in India's indirect tax system. Branded as GST 2.0, these reforms simplify the tax structure into two standard rates, cut GST on daily essentials and medicines, and retain higher rates for luxury and sin goods. Designed to be citizen-centric and pro-business, the reforms aim to enhance the quality of life, simplify compliance, and foster India's economic growth.
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