The Federation of Indian Chambers of Commerce and Industry (FICCI) has said in a report that the new Goods and Services Tax (GST) structure will provide Indian households with massive tax savings of between 27 per cent and 30 per cent.

Goods and Services Tax reforms: How much savings can a household expect? Report says...

Effective today, new GST rates will make many products and services cheaper. Calling it a "Bachat Utsav," or savings festival, Prime Minister Modi said that it will put ₹2.5 lakh crore back in people's pockets. Here's what will get cheaper.

PM Modi calls GST cuts a ‘Bachat Utsav’: From food to cars, what gets cheaper in India. All you need to know

India’s GST Council cut four tax slabs to two—5% and 18%—scrapping 12% and 28% rates, and introduced a 40% slab for sin goods like tobacco and gutkha. Congress criticised the reforms, reviving its “Gabbar Singh Tax” jibe, while FM Sitharaman and PM Modi slammed the party

GST reforms: PM Modi slams Congress for taxing children's toffees, Sitharaman asks 'You want Gutkha taxed at 5%'?

India will overhaul its GST system on 22 September, introducing a new 40% slab for luxury and sin goods, while scrapping 12% and 28% rates to simplify the tax structure.

India’s new 40% GST hits luxury and sin goods: What counts as a sin good, and is alcohol included? | Full list inside

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Goods and Services Tax reforms: How much savings can a household expect? Report says...

Modi says India GST cuts a ‘Bachat Utsav’: From food to cars, what gets cheaper

GST reforms: PM Modi slams Congress for taxing children's toffees

India’s new 40% GST hits luxury and sin goods: What counts as a sin good?