(Image: File Pic)2 / 8 Under GST 2.0, two slabs — 5% and 18% — now cover 99% of daily-use items. (Image: File Pic)ADVERTISEMENT3 / 8 What Gets CheaperEveryday essentials: Products, which earlier attracted 12% GST, have now fallen to the 5% slab or zero tax slab. (Image: AI-Generated)6 / 8 Insurance and financial services: Insurance premiums, which currently draw 18% GST, have been exempted altogether. The government has made clear that certain goods will face higher taxes under the 40% “sin tax" slab. (Image: File Pic)