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GST Slashed To Just Two Rates As 99 Percent Items Get Cheaper This Diwali

India’s biggest GST reform is here—just in time for Diwali 2025. The government has announced a simplified two-slab tax system (5% and 18%), with a 40% special rate for luxury/sin goods. Nearly 99% of items in the 12% slab will now get cheaper, making life easier for consumers and businesses. Learn how this “GST 2.0” will impact your shopping, business, and India’s economic future.