GST Rate Cut, Tax Relief bonanza for people opens today

Prices of kitchen staples to electronics, from medicines and equipment to automobiles, will get cheaper from Monday as reduced GST rates on about 375 items come into effect.

- AGENCIES

In a bonanza to consumers, the GST Council, comprising Centre and states, decided to reduce tax rates on goods and services, from September 22 the first day of Navaratri.

In his address to the nation on the eve of rollout of the new reduced tax rates, Prime Minister Narendra Modi said, “GST bachat utsav (savings festival)”, coupled with the hike in income tax exemption to Rs 12 lakh given in the Budget, will be a “double bonanza” for people.