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GST Cuts: Modi’s Tax Relief to Boost Festive Spending

1 min read
GST Cuts: Modi's Tax Relief to Boost Festive SpendingSaralnama

CAMPUS NOTICE: GST cuts start. Milk, bread, insurance now tax-free. Small cars, TVs, ACs: 28% to 18% tax. Toiletries: 5% tax. Festive season shopping to get cheaper. Companies like Reliance, HUL to pass savings to buyers. Car dealers expect 30-40% sales jump. Crawford Market traders adjusting to changes. Wedding outfits over ₹2000 face 18% tax. Govt estimates ₹45,000 crore revenue loss. Tax cuts aim to boost consumer spending during festivals. (Updated 22 Sep 2025, 05:50 IST; source: link)

Key Points

  • CAMPUS NOTICE: GST cuts start
  • Milk, bread, insurance now tax-free
  • Small cars, TVs, ACs: 28% to 18% tax