<p>The new GST 2.0 has come into effect in India, simplifying tax slabs to 5% and 18%. Many services related to education and health have been given a full tax exemption.</p><img><p>India’s new GST 2.0 is now live, simplifying tax slabs to 5% and 18%. Many items will get cheaper, while a 40% ‘sin tax’ applies to items like tobacco and alcohol.</p><img><h2><strong>Completely tax-exempt items:</strong></h2><p>Packaged paneer, UHT milk, traditional breads, 33 life-saving drugs, school supplies, and private tuitions up to 12th grade.</p><img><h2><strong>Items getting cheaper:</strong></h2><p>Daily use items like soap and snacks now have 5% GST. ACs, fridges, and small cars will be cheaper as GST drops from 28% to 18%.</p><img><p><strong>Insurance gets cheaper</strong> with lower GST. <strong>Items getting costlier:</strong> Tobacco, pan masala, luxury cars, SUVs, and bikes over 350cc will now have a 40% tax.</p>
