GST reforms 2025 (GST 2.0)

Event Details-

  • Date: September 22, 2025
  • Venue: Auditorium
  • Number of students attended: 80
  • Presenters: Kishan P, Divya Shree B, and Asvitha T Final year B.com Students
  • Organized by: Mr. Harish G, Assistant Professor, Department of Commerce
  • Presentation Overview

GST 2.0 was introduced by the Government of India, led by Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman, as part of a broader effort to simplify the tax structure, reduce compliance burdens, and promote economic growth

The presentation provided an in-depth look at the history of GST and the new reforms introduced in GST 2.0. Key highlights included:

– History of GST: The evolution and implementation of GST in India

– GST 2.0 Reforms: New changes and updates in the GST system, simplifying the tax structure into 5% and 18% slabs, with a special 40% slab for luxury and sin goods

New GST Rates: Updates on the latest GST rates and their implications

Daily Essentials:

    – Hair oil, shampoo, toothpaste, and toilet soap: 5% (down from 12% or 18%)

    – Butter, ghee, and cheese: 5% (down from 12%)

    – UHT milk and pre-packaged paneer: 0% (down from 5%)

Electronics and Appliances:

    – Air conditioners, dishwashers, televisions, and monitors: 18% (down from 28%)

Automobiles:

    – Small cars and motorcycles: 18% (down from 28%)

    – Luxury cars and SUVs: 40% (up from 28%)

Outcome: The presentation successfully informed final-year B.Com students about GST 2.0, enhancing their understanding of the topic.