GST Council May Slash Taxes on ACs and Food, Easing Burden on Middle Class

In a move that could bring significant relief to the average household, the GST Council is actively reviewing the existing 8-year-old GST structure. The focus is on potentially reducing tax rates on everyday consumer goods currently falling under the 12% slab.

Lower AC and Food Prices on the Horizon?

This review signals a potential decrease in the prices of essential items like air conditioners and various food products. This move aims to ease the financial burden on the middle class, who are currently grappling with inflationary pressures.

Government Aims to Simplify and Reduce Tax Burden

By streamlining the GST structure and lowering rates, the government aims to make essential goods more affordable and stimulate consumer spending. The changes, if implemented, are expected to positively impact household budgets across the country.