The fresh GST rates with revised slabs, approved by the central government-led GST council, will take effect tomorrow, i.e., September 22, coinciding with the first day of Navratri. Under this ‘two-tier’ tax system, the government has revised the GST structure, scraping the 28 percent and 12 percent tax slabs. This implies that goods sold in the nation will fall under either the 5 percent or the 18 percent tax bracket, depending on their nature.

The move is being hailed as a major relief to consumers, especially the middle class, as everyday items, including clothes, soap bars, shampoo, toothpaste, and more, are getting cheaper. In addition, the government has exempted taxes on a list of lifesaving medicines and drugs to bolster their sales in the country.

Lifesaving meds to get cheaper,

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