99% of items under 12% GST moved over to 5% GST slab
Union Finance Minister Nirmala Sitharaman highlighted GST 2.0 reforms, reducing most goods from 12% to 5%, benefiting 140 crore citizens. GST collections rose to ₹22 lakh crore with broader compliance. Reforms simplified registration, refunds, and classifications. Industry welcomed changes, though concerns emerged over paper GST hikes and trader harassment.