Explore UPSC Current Affairs articles related to Government Budgeting.
On September 3, 2025, the GST Council approved a major overhaul of the GST rate structure, reducing the number of slabs and cutting taxes on a majority of items. This follows recommendations of the Group of Ministers (GoM) and proposals by the Union Finance Ministry.
GST 2.0 launched with streamlined rates, eased compliances, and dispute resolution, boosting MSMEs and economic expansion.
GST Council approves landmark GST 2.0 reforms, simplifying tax slabs and reducing rates on essential goods from September 22, 2025.
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