In a special broadcast, India Today decodes the significant GST reforms announced by the government. The GST Council has restructured the tax system, replacing the four existing slabs with two primary rates of 5% and 18%, and a 40% slab for luxury and sin goods, effective September 22, 2025. This broadcast, live from a mall in Noida, explores the impact on consumers, detailing which items will become cheaper. Key sectors seeing price reductions include automobiles, with significant cuts on small and large cars; electronics like televisions and air conditioners; and daily-use items such as cosmetics, shampoos, and soaps. An expert on the show noted the shift in the government’s mindset, stating, "What was once a luxury is now a necessity." The discussion also covers exemptions for insurance premiums and reduced rates for construction materials, aiming to boost the economy. #gstreforms #gst #gstcouncil #indiatoday #akshitanandagopal #taxcut #indianeconomy #shopping #whatgetscheaper #autosector #electronics #consumerimpact #finance #businessnews #nirmalasitharaman
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