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India Ushers in "GST Savings Festival" with Next-Generation Tax Reforms

September 22, 2025

India has implemented its "next-generation" Goods and Services Tax (GST) reforms, effective September 22, 2025, reducing tax slabs to primarily 5% and 18%. This significant overhaul aims to make numerous essential goods, automobiles, and electronics more affordable for citizens, fostering economic growth and promoting self-reliance. Prime Minister Narendra Modi has termed this a "GST savings festival," anticipating substantial savings for households.

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India Ushers in "GST Savings Festival" with Next-Generation Tax Reforms

Your Score: 0 / 0

On what date were India's "next-generation" Goods and Services Tax (GST) reforms, also known as GST 2.0, implemented?

Who announced the major overhaul of the GST structure, referred to as GST 2.0?

What are the two broad tax rates adopted under the new GST 2.0 regime?

Prime Minister Narendra Modi referred to the implementation of GST 2.0 coinciding with Navratri as what?

Which of the following food items was NOT explicitly mentioned as being moved to the NIL or 0% tax bracket under the new GST regime?

What is the reduced GST rate on cement for homebuyers under the new reforms?

What is the projected total savings for the people of India from the combined income tax relief and GST reductions over the past year?

Which type of insurance premium became GST-free under the new GST regime?

What was the net outflow of Foreign Portfolio Investors (FPIs) from Indian equities in September, as mentioned in the economic news?

What is largely attributed as the reason for FPIs continuing to withdraw from Indian equities in September?

Which Indian sector has seen significant outflows from foreign institutional investors this year, totaling nearly ₹62,000 crore?

Before the recent reduction, what was the GST rate on cement?

What is the new flat effective tax rate (including cess) for the auto sector under the GST reforms, reduced from a range of 35-50%?

Who is the Chief Minister of Maharashtra mentioned in the text, who stated that GST reforms would strengthen 'aatmanirbhar Bharat'?

Hotel rooms up to what tariff amount are expected to become more affordable due to reduced GST rates under the new regime?

India Ushers in "GST Savings Festival" with Next-Generation Tax Reforms

Your Score: 0 / 0

On what date were India's "next-generation" Goods and Services Tax (GST) reforms, also known as GST 2.0, implemented?

Who announced the major overhaul of the GST structure, referred to as GST 2.0?

What are the two broad tax rates adopted under the new GST 2.0 regime?

Prime Minister Narendra Modi referred to the implementation of GST 2.0 coinciding with Navratri as what?

Which of the following food items was NOT explicitly mentioned as being moved to the NIL or 0% tax bracket under the new GST regime?

What is the reduced GST rate on cement for homebuyers under the new reforms?

What is the projected total savings for the people of India from the combined income tax relief and GST reductions over the past year?

Which type of insurance premium became GST-free under the new GST regime?

What was the net outflow of Foreign Portfolio Investors (FPIs) from Indian equities in September, as mentioned in the economic news?

What is largely attributed as the reason for FPIs continuing to withdraw from Indian equities in September?

Which Indian sector has seen significant outflows from foreign institutional investors this year, totaling nearly ₹62,000 crore?

Before the recent reduction, what was the GST rate on cement?

What is the new flat effective tax rate (including cess) for the auto sector under the GST reforms, reduced from a range of 35-50%?

Who is the Chief Minister of Maharashtra mentioned in the text, who stated that GST reforms would strengthen 'aatmanirbhar Bharat'?

Hotel rooms up to what tariff amount are expected to become more affordable due to reduced GST rates under the new regime?

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