GST 2.0 will bring down grocery bills by 13 pc, Rs 70,000 savings on small car purchases https://www.taxtmi.com/news?id=56465 The central government reclassified the Goods and Services Tax into a two tier structure, consolidating most goods and services into 5% and 18% rates, reducing many previous higher slab rates and providing exemptions or lower rates for specified items such as groceries, agricultural equipment, clothing, medicines, certain vehicles and insurance, while retaining higher rate plus cess treatment for tobacco and a separate ultra luxury rate. en-us Mon, 22 Sep 2025 15:46:03 +0530 Mon, 22 Sep 2025 15:46:03 +0530 TaxTMI RSS Generator GST 2.0 will bring down grocery bills by 13 pc, Rs 70,000 savings on small car purchases https://www.taxtmi.com/news?id=56465 The central government reclassified the Goods and Services Tax into a two tier structure, consolidating most goods and services into 5% and 18% rates, reducing many previous higher slab rates and providing exemptions or lower rates for specified items such as groceries, agricultural equipment, clothing, medicines, certain vehicles and insurance, while retaining higher rate plus cess treatment for tobacco and a separate ultra luxury rate. News - Mon, 22 Sep 2025 15:46:03 +0530 https://www.taxtmi.com/news?id=56465