“GoM approves scrapping of 12%, 28% GST slabs; 90% goods may get cheaper”, India Today, August 21, 2025:

“The long-awaited revamp of Goods and Services Tax (GST) has moved a step closer with the Group of Ministers (GoM) on GST rate rationalisation agreeing to cut down the number of slabs.

In a key meeting held on Thursday, the panel of state ministers accepted the Centre’s plan to reduce the four-rate system to two main slabs of 5% and 18%.

The move marks the beginning of what is being called GST 2.0, aimed at making the tax system simpler, easier to follow, and less of a burden on households and businesses…….”

Read the full article at Indiatoday.com