{"id":15943,"date":"2025-09-27T19:30:57","date_gmt":"2025-09-27T19:30:57","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/09\/27\/indian-families-may-see-27-30-tax-relief-under-gst-2-0-report-economy-news\/"},"modified":"2025-09-27T19:30:57","modified_gmt":"2025-09-27T19:30:57","slug":"indian-families-may-see-27-30-tax-relief-under-gst-2-0-report-economy-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/09\/27\/indian-families-may-see-27-30-tax-relief-under-gst-2-0-report-economy-news\/","title":{"rendered":"Indian Families May See 27\u201330% Tax Relief Under GST 2.0: Report | Economy News"},"content":{"rendered":"


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Households across India are set to enjoy a 27\u201330% reduction in their overall tax burden under GST 2.0, according to a report<\/h2>\n
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Households across India are set to enjoy a 27\u201330% reduction in their overall tax burden under GST 2.0, according to a joint report released by the Federation of Indian Chambers of Commerce and Industry\u2019s Committee Against Smuggling and Counterfeiting Activities Destroying the Economy (FICCI CASCADE) and the Thought Arbitrage Research Institute (TARI).<\/p>\n

The report highlights that GST 2.0 has eased taxes on both essential and discretionary goods, making them more affordable for consumers.<\/p>\n

It further notes that the revamped tax regime is now progressive in nature, ensuring that higher-income groups contribute a larger share in taxes while offering relief to low- and middle-income households.<\/p>\n

\u201cAdditionally, the lower rates under GST 2.0 are expected to ease pressure on household budgets, support small businesses (MSMEs), and further formalise the economy, moving India closer to the goal of a single, unified tax system,” the report said.<\/p>\n

A key change under GST 2.0 is the expansion of the lowest 5% tax slab. While GST 1.0 taxed only 54 consumption categories at this rate, GST 2.0 has nearly tripled the count to 149 categories, significantly widening the range of affordable goods.<\/p>\n

The report also underscored that by narrowing price gaps across markets, GST 2.0 discourages smuggling and curbs the proliferation of counterfeit goods, further benefiting consumers and legitimate businesses alike.<\/p>\n

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\"Aparna<\/figure>\n

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Aparna Deb<\/a><\/p>\n

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Click here<\/a> to add News18 as your preferred news source on Google. Stay updated with all the latest business news, including market trends<\/a>,\u00a0stock updates<\/a>,\u00a0tax<\/a>, IPO,\u00a0banking finance<\/a>, real estate, savings and investments. To Get in-depth analysis, expert opinions, and real-time updates. Also Download the\u00a0News18 App<\/a> to stay updated.<\/span><\/div>\n
First Published:<\/span><\/p>\n
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September 26, 2025, 07:41 IST<\/p>\n<\/div>\n<\/div>\n

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Last Updated:September 26, 2025, 07:41 IST Households across India are set to enjoy a 27\u201330% reduction in their overall tax burden under GST 2.0, according to a report GST Households across India are set to enjoy a 27\u201330% reduction in their overall tax burden under GST 2.0, according to a joint report released by the…<\/p>\n","protected":false},"author":1,"featured_media":750,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-15943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/15943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=15943"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/15943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/750"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=15943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=15943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=15943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}