'Ek baar aap GST dekh lo': PM Modi's nudge ushered in biggest GST reform in 8 years

Prime Minister Narendra Modis push led Finance Minister Nirmala Sitharaman to review the GST regime, resulting in a major overhaul. The GST Council approved scrapping 12% and 28% slabs, leaving 5%, 18% and 40% for sin goods. Effective September 22, nearly 400 products will get cheaper, insurance premiums turn tax-free, and compliance will ease for businesses, especially SMEs.