Prime Minister Narendra Modi’s government has simplified the GST system by replacing the four-tier structure (5%, 12%, 18%, 28%) with a two-tier structure of 5% and 18%, effective from September 22. Essential goods like milk, yogurt, biscuits, soaps, and cooking oils now fall under the 5% slab, reducing household expenses significantly. Big-ticket items like TVs, ACs, washing machines, and vehicle