Скачать или смотреть Daily Edge By VisionIAS | Next-Gen GST Reforms | What You Must Know

The 56th GST Council meeting approved next-gen reforms. India moves to a broad two-slab structure – 5% and 18%, with a new 40% slab.

Here’s a quick breakdown of the 5 big reforms affecting your wallet:
Simpler Slabs – 5% for essentials, 18% standard, 40% for luxury & de-merit goods.
Relief on Essentials – Paneer, Indian breads, shampoos, snacks, tractors & more now taxed at 5% or zero.
Healthcare Boost – 33 lifesaving drugs fully exempt, other medicines & devices at 5%, and all individual life & health insurance policies GST-free.
GST Cut on Consumer Goods – ACs, TVs, automobiles, cement, and more down from 28% to 18%.

New 40% Slab – Luxury products, tobacco & cigarettes now taxed higher.
What do you think about these GST reforms? Will it impact your daily expenses? Comment below!

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