09 SEPTEMBER 2025AlCircle.com
Indian brands to slash prices: Almost all AL-inclusive goods are cheaper with 'GST 2.0' revised rates
Edited by : Pratyusha Chatterjee
8 min read
Goods and Services Tax, rather commonly known as GST, was first introduced in India by Prime Minister Narendra Modi and Finance Minister Arun Jaitley on July 1, 2017. It was said to have replaced a complex web of central and state taxes such as excise duty, service tax, VAT, octroi, and entry tax, unifying them under a single Goods and Services Tax (GST) framework. 8 years later, present Finance Minister of India has introduced ‘GST 2.0’ slashing previous five slab structure into a more concise 4 slab distribution.
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Image source: https://www.iasexpress.net/
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