Page 21 - NIS English 01-15 October, 2025

New GST Reforms of New India | COVER STORY

t celebrates the spirit of bold decisions taken stead-
fastly. It celebrates India’s rapid progress, bringing
joy to all families irrespective of class and sections
during this festive season. From the ramparts of
Ithe Red Fort on the auspicious occasion of the 79th
Independence Day, Prime Minister Narendra Modi had
said that implementing next-generation reforms was
crucial for making India Aatma Nirbhar. He had prom-
ised to bring next-generation GST reforms before Diwali
and Chhath Puja, and these revolutionary reforms are
indeed being implemented before this Diwali. Now,
instead of four, there are two major GST rates – 5% and
18%. A special rate of 40% will apply only to few select
luxury or demerit goods and services. These reforms,
to be implemented from September 22, 2025, the first
day of Navratri, have brought inexplicable joy to millions
of families. Eight years ago, on the midnight of June
30-July 1, when the GST was launched from the Central
Hall of Parliament, a decades-old dream was realized.
It became one of the biggest economic reforms in
independent India. This economic revolution ushered
the nation into a new era of economic prosperity.
The country was liberated from the complex web of
multiple taxes. As India traverses through the 21st
century, the Goods and Services Tax (GST) also needed
a next-generation reform, which has now been suc-
cessfully implemented. GST 2.0 is a double win for the
nation’s progress. On one hand, it will lead to savings
for ordinary households, and on the other, it will further
strengthen the economy. The reduction in GST rates will
benefit everyone – the poor, the emerging middle class,
the middle class, farmers, women, students, and young
people. From cheese to shampoo and soap, everything
will be more affordable than before. This will significant-
ly reduce monthly household expenses. Taxes on scoot-
ers and cars have also been reduced. This will greatly
benefit young people who are starting their careers.
The lower GST will help citizens manage their household
budgets and improve their standard of living.

Strong, Transparent, and Inclusive
Reforms
Will + Stability = Resolve
Resolve + Action = Success
This mantra, which marked a new chapter in economic
policy, was initiated on July 1, 2017, and proved to

October 1-15, 2025 || NEW INDIA SAMACHAR 19