Current Affairs · Taxation Reforms
The GST Council introduced next-generation 'GST 2.0' reforms. What is the new system's primary approach to standard GST slabs?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Four-slab system with 5% for basic goods and 18% for luxury goods
- 2A three-slab system and full exemption on consumer goods
- 3Two-slab system with 5% for essential goods and 18% for others✓
- 4A four-slab system for GST and full exemption on luxury goods
Correct answer
Two-slab system with 5% for essential goods and 18% for others
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