Will GST 2.0 Make Life Easier for the Middle Class Family? | The Quint
GST 2.0 is here and many things that the middle class consume are now going to be taxless. There are only two key rates left now: 5% and 18%. The 12% and 28% are gone. While an array of items of everyday use have become cheaper, there is a new 40% rate which will be levied on things that the government considers to be "bad" for you and me. These include sugary drinks, big motorbikes and big cars, or even home delivery of food and groceries. The government thinks that if one can afford it, they better pay the tax.In real terms, will an average middle-class family really gain from GST cuts on items of daily use?
In the latest episode of Caught in the Middle, senior business journalist Aunindyo Chakravarty brings you a breakdown of who saves how much on what and who pays for those savings following the recently announced GST reforms.
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