<h1>Second-phase GST reforms effective Sept 22 to cut rates, boost growth, lower consumer prices and promote domestic goods</h1> A state chief minister and the prime minister announced that the second phase of Goods and Services Tax (GST) reforms, effective September 22, will implement revised GST rates aimed at accelerating economic growth, lowering consumer prices and promoting domestic goods. The administration frames the changes as a legal and fiscal measure to further self-reliance, promising direct benefits to citizens and a 'festival of savings.' Stakeholders should note the effective date for compliance, anticipate downstream pricing and revenue effects, and monitor implementing notifications and administrative guidance that will clarify scope and enforcement.