GST Rate Cut: The government has given a big relief to the common people. Actually, the GST rate has been cut by the government. After which, the common people will have a great time at this festival. Let us tell you that the government has removed two slabs of GST and kept it at 5 percent and 18 percent. The new slab of GST can be implemented from September 22. After which, the common man will get a huge discount on essential goods. After the implementation of the new slab, the price of everyday things will be reduced. It includes milk, cheese, toothpaste, shampoo, namkeen, and biscuits, to clothes. Let us talk about some important things in this article that will benefit us and how much.
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Roti, clothes, and a house will be cheaper
Talking about the GST slab change and rate, it was announced by the Finance Minister on September 3. This change has been made keeping in mind the common man of the country, farmers, and small businessmen. After this, Union Minister Ashwini Vaishnav also said that many types of electronic items like TV, fridge, AC, power break, charger, mobile, etc. are used in the middle class. Tax has been reduced on all these things. Whose prices will be reduced, not only this, but all the essential items used in the house, roti, clothes, etc., have become cheaper.
Things used in the house will be cheaper
Let us tell you that the GST on the things used in the house has also been reduced by the government. This step of the government is going to give a lot of relief to the common people. The date of change in the GST slab has been fixed as 22 September. After this, the prices of everything from oil, shampoo, and soap to clothes, shoes, namkeen biscuits, etc. will fall.
This much GST will be levied on household items
Let us tell you that the government has removed the 18 percent GST on oil shampoo and made it 5 percent. Apart from this, the 12 percent GST on biscuits, namkeen, etc., has been reduced to 5 percent. After this, the prices will fall considerably. Milk and cheese have been made tax-free. Earlier, one had to pay higher prices. Now, a fixed amount will have to be paid.
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Ghee and butter used to attract 12% GST, but it has been reduced to 5%. GST on food items like pizza, bread, etc. has been reduced to 5%. After which, these prices will be cheaper. Apart from this, the 18% GST on chocolates and sweets, etc., has been reduced to 5%. GST on clothes has been kept in the 5% slab.
Along with this, the 12% GST on shoes has been reduced to 5%. Things related to children’s education used to attract 12% GST, but now the government has reduced the tax on them to zero. The 12% GST on electronic items has been abolished and reduced to 5%. After which, all electronic items will be available at cheaper rates.