India Introduces New Two-Tier GST System; Memes Flood Social Media:
India’s tax landscape is set for a major shake-up as Finance Minister Nirmala Sitharaman announced a new two-tier GST (Goods and Services Tax) structure on September 3. The revised system introduces rates of 5% and 18%, along with a steep 40% slab for “sin goods” and luxury items such as tobacco, pan masala, fizzy drinks, and yachts.
The new tax regime will come into effect from September 22 and is being hailed as the most significant reset to India’s GST framework since its launch in 2017.
While the government describes the move as a way to simplify the tax system and generate higher revenue from luxury consumption, the internet had its own take. Social media platforms were flooded with memes and witty reactions almost immediately after the announcement, turning the news into a trending topic.
From playful digs at the cost of soft drinks to tongue-in-cheek comments about affording yachts, netizens found humor in the revised slabs well before the rollout date.
The GST Council’s decision not only marks a pivotal moment in India’s taxation history but also highlights how quickly digital culture turns policy into meme-worthy content.
Check out the hilarious memes:
