New GST rates take effect, PM Modi calls it a ‘savings festival’
The new tax regime, approved at the 56th meeting of the GST Council earlier this month, reduces the existing four-slab structure, 5%, 12%, 18%, and 28% to two primary slabs of 5% and 18%. The Union Government’s comprehensive overhaul of the Goods and Services Tax (GST), referred to as ‘GST 2.0’, came into effect on…









