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Next-Gen GST Reforms: A Simpler, Citizen-Centric Tax Framework
September 2025
|CIO & Leader
India's new GST reforms slash rates on essentials, healthcare, and EVs, replacing the old four-tier system
THE 56TH GST Council meeting has delivered what many consider the most significant tax reform since the launch of GST in 2017. From making insurance more affordable to reducing costs on everyday items, these changes promise to reshape India's economic landscape, putting more money back in citizens' pockets.
Next-Gen GST Reforms: A Simpler, Citizen-Centric Framework
India's complex four-tier GST system is being simplified into three clear slabs: 5% for essentials, 18% for standard items, and 40% for luxury or harmful goods. This overhaul eliminates confusion for businesses and consumers alike.
Relief for Healthcare and Insurance
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