A Consumer's Guide To New GST Rate Cuts: Do Consumers Always Get The  Benefit of Tax Cuts?

Prime Minister Narendra Modi announces a major GST reform, slashing tax rates on essential items. Starting September 22, most goods previously taxed at 12% will now fall under the 5% slab. Watch to find out how the new GST structure could impact your daily expenses.


A Consumer's Guide To New GST Rate Cuts: Do Consumers Always Get The  Benefit of Tax Cuts?

Finance Minister of India, Nirmala Sitharaman today slashed the personal income tax rate for individuals for the fiscal year 2020-21. Under the new regime, taxpayers will pay 10%, 15%, 20% and 25% for incomes between Rs 5-7.5 lakh, Rs 7.5-10 lakh, Rs 10-12.5 lakh and Rs 12.5-15 lakh.

Watch In-depth Analysis of Budget 2020

The tax rate cut on 29 goods and 54 services would result in a revenue loss of around Rs 1,000 crore, sources said

Complete list: 29 items which got cheaper in revised GST rates

tax-slab

Tax Slab, News on Tax Slab, stories on Tax Slab, articles on Tax Slab, Tax Slab stories at Wion, Tax Slab news, Tax Slab latest news

tax slab

A Consumer's Guide To New GST Rate Cuts: Do Consumers Always Get The Benefit of Tax Cuts?

Watch In-depth Analysis of Budget 2020

Complete list: 29 items which got cheaper in revised GST rates