GST Simplified to Two Slabs; New Rates Effective September 22 The Indian government has approved a significant reform to the Goods and Services Tax (GST), simplifying the current four-tier structure into a two-tier system of 5% and 18%, effective September 22. This move is aimed at boosting consumption and easing the tax burden on citizens, with numerous household items, electronics, and automobiles seeing a reduction in their GST rates. For instance, consumer goods like hair oil, toothpaste, an