To navigate rising US tariff pressures, India has implemented a significant overhaul of its Goods and Services Tax (GST) system. The new structure, with two tax slabs—5% for essentials and 18% for most goods—aims to simplify compliance, boost economic growth, and address the impact of tariffs on consumer spending. This reform aims to increase domestic consumption by lowering taxes on essential items. The initiative is driven by key figures like Finance Minister Nirmala Sitharaman and CAIT President B.C. Bhartia, who have been instrumental in finalizing the details. The GST revision has the potential to provide relief to consumers and businesses alike, particularly those operating in sectors heavily impacted by tariffs. While initial market anticipation holds a positive outlook for growth following this reform, some concerns remain regarding state level revenue sharing tensions that could arise due to the centralized approach to implementation. The impact of this revamp on cryptocurrencies like Bitcoin and Ethereum remains unclear, although it may indirectly influence capital flows within the broader financial landscape.