Brief by Shorts91 Newsdesk / 03:32am on 19 Oct 2025,Sunday India
Finance Minister Nirmala Sitharaman announced that the government's recent Goods and Services Tax (GST) rate reductions have led to greater-than-expected price drops on 54 daily-use items, benefiting consumers nationwide. Implemented on September 22, the new two-tier GST structure of 5% and 18% replaced the previous 5%, 12%, 18%, and 28% slabs, impacting approximately 375 products, including household goods and vehicles. Sitharaman highlighted increased consumer purchases and sustained demand, especially in sectors like automobiles and consumer electronics. The government is actively monitoring prices and addressing consumer complaints to ensure continued benefits.
