GST 2.0 Rate Cut: Save Big on Groceries, TVs & Electronics This Festive Season 🎉

This report examines the impact of GST rate changes on household budgets, focusing on groceries and electronics. Items like chocolates and shampoos are now cheaper, with shampoos moving from an 18% to a 5% tax bracket. In contrast, aerated drinks are subject to a 'sin tax'. The report highlights significant savings, noting, "an average saving of 10% will mean 5000 rupees per month saving" for a consumer with a monthly income of one lakh rupees. The changes are presented as a "festive gift from the Modi government," with major electronics also seeing price drops. Televisions over 32 inches, previously in a 28% slab, are now taxed at 18%, resulting in substantial savings for consumers looking to upgrade. Washing machines, refrigerators, and dishwashers also benefit from a 10% tax reduction.

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