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India’s GST 2.0 reforms, slashing taxes on essentials and vehicles, aim to cut consumer costs ahead of the festive season.
NDA leaders across India, including Andhra Pradesh and Delhi, are promoting GST 2.0 reforms aimed at lowering prices on essential goods, with reduced tax rates on items like milk, medicines, and vehicles, and zero tax on education products.
The initiative, launched ahead of the festive season under Prime Minister Modi’s direction, is expected to save consumers 13% on groceries and ₹70,000 on small cars, while boosting sales and supporting domestic manufacturing.
Officials urge traders to pass savings to consumers, with strict anti-profiteering enforcement and a hotline (1915) for reporting violations.
The campaign, described as a 'Dasara festival gift,' targets low- and middle-income households, with 47% of essential goods now outside the GST net, enhancing affordability and economic growth.
Las reformas GST 2.0 de la India, reduciendo los impuestos sobre artículos esenciales y vehículos, tienen como objetivo reducir los costos del consumidor antes de la temporada festiva.