GST Reforms by Diwali; 99% of goods to get cheaper?

Name: GST Reforms by Diwali; 99% of goods to get cheaper?
Uploaded: 2025-08-28T10:51:02Z
Description: The govt plans GST reforms by Diwali 2025, with claims that 99% of goods may get cheaper. Know what’s changing, possible impact, and consumer benefits.

Karthikeya S

Published:28th Aug, 2025 at 4:21 PM

Yesterday, PM Modi announced “Next-generation Tax Reforms” in his Independence Day speech — his “Deepavali gift” to the Indian taxpayer.

Under this system, the 12% and 28% slabs in the GST Framework would be removed, leaving just two slabs of 5% and 18%.

What items would be cheaper under this revised system, and when will the new framework come into effect?

Watch the full video to know more.

Anchor: Karthikeya S

Editing: Jabez Gnanaraj Jaenicke

GST Reforms by Diwali; 99% of goods to get cheaper?

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