Archive · 26 Sep 2025
GST Reform: Indian Households Could Save Up to 30%
The new GST structure in India could save families a lot of money.
A new report by FICCI and TARI says that households could save between 27% and 30% on taxes.
The government moved some goods from higher tax rates to lower ones.
More items are now taxed at the lowest rate, and they are keeping an eye on businesses to ensure the savings are passed on to customers.
This change could boost spending and help small businesses.
Report by FICCI indicates potential household tax savings of 27% to 30% under the new GST structure.
The GST structure change involves shifting items from 12% and 28% tax slabs to 5% and 18% slabs.
The government has increased the number of items in the 5% tax rate.
A flat 40% tax has been levied on 'sin goods', including luxury cars and tobacco.
GST reforms aim to boost consumer spending and support small businesses.
- Who
- FICCI & TARI
- What
- Report on GST tax savings
- When
- Not specified in article
- Where
- India
- Why
- To analyze impact of new GST structure.
- Source
- FICCI Report
- Potential Savings
- 27% to 30%
- GST Slab Changes
- 12% & 28% items moved to 5% & 18%
- Items in Lowest Tax Rate
- 149 (Up from 54 previously)
- Tax on 'Sin Goods'
- 40%
