GST Rationalisation Could Put Extra Cash In Shoppers’ Pockets
Last Update Date: 06-10-2026
Published by Outlook Money
Abhishek Kumar's role: Quoted
Abhishek Kumar said groceries, household goods and many consumer durables could become cheaper, and that lower monthly expenses might let families save more or spend on other needs.
More of Abhishek's views on money management
The article reports a proposal to cut GST to two main slabs of 5 and 18 per cent, with a higher rate for a few luxury or harmful goods. It explains which items may get cheaper, how household budgets could benefit if sellers pass on the cut, and that the GST Council will decide.
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GST Rationalisation Could Put Extra Cash In Shoppers’ Pockets