New Delhi, Sept. 4 -- The new two-slab structure under "GST 2.0," approved by the GST Council, is expected to transform consumption patterns and create opportunities in the stock market, as per analysts.

The updated rates, which are part of the Centre's "GST 2.0" initiative, will take effect on September 22. The Council also confirmed that it will not meet again on Thursday and has extended the compensation cess until October 31.

The restructuring removes the current 12% and 28% tax brackets, a change intended to simplify compliance and boost consumption in various sectors.

Sectors such as fertilizers, renewable energy, textiles, and apparel are set to benefit significantly from the reduced tax rates. During its 56th meeting on Wednesd...