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India’s Next-Gen GST Reforms: Understanding the New Tax Slabs (Effective September 22, 2025)

India’s Goods and Services Tax (GST) regime saw a significant change as Next-Gen GST reforms took effect on September 22, 2025. The reforms bring in a simpler structure, moving away from the earlier four main slabs (5%, 12%, 18%, 28%) to two main rates: 5% and 18%, and a special 40% slab for luxury and […]