{"id":1241,"date":"2025-09-22T04:41:01","date_gmt":"2025-09-22T04:41:01","guid":{"rendered":"https:\/\/newsraise.com\/in\/?p=1241"},"modified":"2025-09-22T04:41:01","modified_gmt":"2025-09-22T04:41:01","slug":"gst-bachat-utsav-lower-taxes-on-375-items-big-savings-for-families","status":"publish","type":"post","link":"https:\/\/newsraise.com\/in\/2025\/09\/22\/gst-bachat-utsav-lower-taxes-on-375-items-big-savings-for-families\/","title":{"rendered":"GST Bachat Utsav: Lower Taxes on 375 Items, Big Savings for Families"},"content":{"rendered":"\n<!-- Quick Adsense WordPress Plugin: http:\/\/quickadsense.com\/ -->\n<div class=\"9fece8afa224fd09e54b043d0febfb58\" data-index=\"1\" style=\"float: none; margin:10px 0 10px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- NR ATF -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-8898941184964366\"\r\n     data-ad-slot=\"4839033563\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n<p data-start=\"187\" data-end=\"650\">As India welcomed the start of Navratri on September 22, Prime Minister Narendra Modi announced the rollout of the revised Goods and Services Tax (GST) structure, calling it the beginning of a <strong data-start=\"374\" data-end=\"396\">\u201cGST Bachat Utsav\u201d<\/strong> (savings festival). Linking the reforms to festive cheer, the Prime Minister said the changes, combined with earlier income tax relief, will put more money into the hands of citizens, strengthen domestic demand, and accelerate India\u2019s economic growth.<\/p>\n<p data-start=\"652\" data-end=\"1061\">PM Modi highlighted that the revised GST regime will help families save an estimated <strong>INR 2.5 lakh crore annually<\/strong>, making products more affordable across sectors \u2014 from household essentials to consumer electronics and automobiles. He described this as another milestone towards the vision of <strong data-start=\"944\" data-end=\"969\">\u2018Aatmanirbhar Bharat\u2019<\/strong>, thereby emphasizing self-reliance, easier business operations, and stronger investor confidence.<\/p>\n<h2 data-start=\"1063\" data-end=\"1094\"><strong>GST 2.0: What Has Changed<\/strong><\/h2>\n<p data-start=\"1095\" data-end=\"1246\">The new GST reforms, effective September 22, mark the biggest restructuring of the tax system since its introduction in 2017. Key highlights include:<\/p>\n<ul data-start=\"1248\" data-end=\"2013\">\n<li data-start=\"1248\" data-end=\"1451\">\n<p data-start=\"1250\" data-end=\"1451\"><strong data-start=\"1250\" data-end=\"1283\">Simplified two-tier structure<\/strong>: Goods and services are now taxed primarily at <strong data-start=\"1331\" data-end=\"1344\">5% or 18%<\/strong>, while ultra-luxury items face a <strong data-start=\"1378\" data-end=\"1390\">40% levy<\/strong>. Tobacco products remain under the <strong data-start=\"1426\" data-end=\"1448\">28% slab with cess<\/strong>.<\/p>\n<\/li>\n<li data-start=\"1452\" data-end=\"1569\">\n<p data-start=\"1454\" data-end=\"1569\"><strong data-start=\"1454\" data-end=\"1481\">End of four-slab system<\/strong>: The previous 5%, 12%, 18%, and 28% rates have been streamlined to reduce complexity.<\/p>\n<\/li>\n<li data-start=\"1570\" data-end=\"1854\">\n<p data-start=\"1572\" data-end=\"1854\"><strong data-start=\"1572\" data-end=\"1619\">Price cuts on essentials and consumer goods<\/strong>: Everyday items such as ghee, paneer, butter, dry fruits, jam, snacks, ketchup, coffee, and ice cream are now cheaper. Electronics and home appliances like TVs, air conditioners, and washing machines have also seen price reductions.<\/p>\n<\/li>\n<li data-start=\"1855\" data-end=\"2013\">\n<p data-start=\"1857\" data-end=\"2013\"><strong data-start=\"1857\" data-end=\"1877\">Support for SMEs<\/strong>: Lower taxes are expected to enhance competitiveness of <strong data-start=\"1934\" data-end=\"1966\">small and medium enterprises<\/strong>, which form the backbone of India\u2019s economy.<\/p>\n<\/li>\n<\/ul>\n<h2 data-start=\"2015\" data-end=\"2059\"><strong>Boost to Festive Sales and Consumption<\/strong><\/h2>\n<p data-start=\"2060\" data-end=\"2318\">The timing of GST 2.0 aligns with the festive season, when consumer spending is at its peak. Lower prices on food items, medicines, and household appliances are expected to stimulate sales across FMCG companies, retail chains, and e-commerce platforms.\u00a0The automobile industry also stands to gain, as reduced GST rates could attract first-time buyers and encourage upgrades, boosting demand in manufacturing, auto components, and vehicle financing.<\/p>\n<p data-start=\"2561\" data-end=\"2967\">While PM Modi urged citizens to support swadeshi products, the Opposition dismissed the reforms as &#8216;<em>a band-aid on deep wounds<\/em>,&#8217; questioning why essential goods were taxed heavily in the first place. Despite criticism, the government expects the changes to provide long-term benefits by driving domestic consumption and insulating the economy from external pressures such as US tariffs on expor<strong>ts<\/strong>.<\/p>\n<h2 data-start=\"2969\" data-end=\"3006\"><strong>A Step Towards Inclusive Growth<\/strong><\/h2>\n<p data-start=\"3007\" data-end=\"3325\">PM Modi stressed that GST 2.0 is designed not just for middle-class relief but also for the <strong data-start=\"3099\" data-end=\"3142\">poor and expanding middle-income groups<\/strong>. By making essential goods more affordable and reducing costs for small businesses, the reforms aim to create a ripple effect of higher savings, more investments, and job creation.<\/p>\n<p data-start=\"3344\" data-end=\"3798\">The launch of GST 2.0 on the first day of Navratri marks a turning point in India\u2019s tax framework. With a simpler two-tier system, reduced prices on essentials, and a promise of \u20b92.5 lakh crore in annual savings, the reforms are expected to fuel festive consumption and boost India\u2019s growth story. As families save more and businesses find it easier to operate, the new GST structure sets the stage for a more self-reliant, consumer-driven economy.<\/p>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>As India welcomed the start of Navratri on September 22, Prime Minister Narendra Modi announced the rollout of the revised Goods and Services Tax (GST)&#8230;<\/p>\n","protected":false},"author":4,"featured_media":1242,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[299],"tags":[76,216,219,540,539,253],"class_list":["post-1241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-gst","tag-india","tag-narendra-modi","tag-savings","tag-tax","tag-trade-tariff","entry"],"_links":{"self":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/posts\/1241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/comments?post=1241"}],"version-history":[{"count":1,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/posts\/1241\/revisions"}],"predecessor-version":[{"id":1243,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/posts\/1241\/revisions\/1243"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/media\/1242"}],"wp:attachment":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/media?parent=1241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/categories?post=1241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/tags?post=1241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}