🚨 Big GST Reform Incoming!

What goods will be affected & what won’t? 👇🏻

📉 Tax Slabs Restructured:
90% of items in the 28% slab will move to 18%
Almost all goods in the 12% slab will move to 5%

🔍 What does this mean?
✅ Daily items like medicines, processed foods, mobiles, TVs, ACs, cars & cement will get cheaper.

🚘 What gets costlier?
Tobacco, aerated drinks
Luxury goods (high-end cars, premium items) — may face GST up to 40%.

When will this be implemented?
By this Diwali! 🎊

🤔 What stays outside GST?
Petroleum, Electricity, Diamonds & some exports.

Source: Hindustan Times, PIB


So, what do you think?💭
Is this a good initiative or bad?