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Next Generation GST Reforms
September 24 , 2025
15 hrs 0 min
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- Prime Minister announced that the next generation Goods and Services Tax (GST) reforms will commence on the first day of Navratri.
- The GST Bachat Utsav will start along with the reforms, enabling citizens to buy goods at reduced prices across multiple sectors.
- The revised GST system simplifies the tax structure by retaining only two main tax slabs — 5 percent and 18 percent — replacing multiple older levies such as Octroi, Entry Tax, Excise, VAT, Sales Tax, and Service Tax.
- Essential goods and services, including food items, medicines, soap, toothbrush, toothpaste, health insurance, and life insurance, will now be either tax-free or taxed at 5 percent.
- The reforms aim to remove inefficiencies in the earlier tax system, reduce paperwork, and eliminate interstate barriers to trade.
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