India has officially transitioned to a simplified GST 2.0 system. The old 4-slab structure (5%, 12%, 18%, 28%) has been replaced by a streamlined 3-slab model: 5%, 18%, and 40%. Many everyday items like hair oil and soaps have dropped to 5%, while electronics now fall under the 18% bracket. Learn how these changes impact your billing and how to update your accounting systems for compliance.
