Prime Minister Narendra Modi, in a much-anticipated address to the nation, has officially kicked off India’s “GST Bachat Utsav” (Savings Festival), timed to begin with Navratri, ushering in a new chapter of GST 2.0 reforms from September 22, 2025.

Modi explained that this overhaul of the Goods & Services Tax system is designed to ease the burden on everyday consumers—boosting savings, lowering prices, and simplifying tax slabs—while celebrating the festive season.

Under GST 2.0, the government is slashing multiple tax brackets, reducing GST on many consumer goods, eliminating tax on health insurance premiums, and raising relief for poor and middle-class households.

Modi framed these reforms not just as policy changes but as symbolic of “Atmanirbhar Bharat,” promoting local manufacturing and inclusive growth. He reminded the nation of the past complexity of the tax system—from octroi to multiple levies—and said that GST 2.0 is meant to free citizens from that bureaucracy.

For many, this address promises more than festive cheer—it signals a tax reform that could tangibly improve pocketbooks this season.