{"id":73736,"date":"2025-09-22T15:46:03","date_gmt":"2025-09-22T10:16:03","guid":{"rendered":""},"modified":"2025-09-22T15:46:03","modified_gmt":"2025-09-22T10:16:03","slug":"gst-2-0-will-bring-down-grocery-bills-by-13-pc-rs-70-000-savings-on-small-car-purchases","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=73736","title":{"rendered":"GST 2.0 will bring down grocery bills by 13 pc, Rs 70,000 savings on small car purchases"},"content":{"rendered":"<p>GST 2.0 will bring down grocery bills by 13 pc, Rs 70,000 savings on small car purchases<BR>GST<BR>Dated:- 22-9-2025<BR>PTI<BR>New Delhi, Sep 22 (PTI) The GST next-gen reforms, which kicked in from Monday, will lead to a saving of 13 per cent in the household bills for groceries and daily essentials, while a small car buyer could save around Rs 70,000.<br \/>\n According to government estimates, stationery, clothing, footwear and medicines purchases would bring in savings in the range of 7-12 per cent, while the savings would go up to 18 per cent in the case of individual health and life insurance policies, which have been exempt from GST effective Monday.<br \/>\n As many as 375 items, including groceries, agri-equipments, clothing, medicines and automo<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/news?id=56465\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p> in income tax exemption to Rs 12 lakh given in the Budget, will be a &#8220;double bonanza&#8221; for people.<br \/>\n Modi said the cut in GST rates and the hike in I-T exemption limit will help households save Rs 2.5 lakh crore annually.<br \/>\n &#8220;Now, the poor, the neo-middle class, and the middle class are receiving a double bonanza. With the reduction in GST, it will be easier for them to fulfil their dreams,&#8221; Modi said.<br \/>\n Effective Monday, GST has become a two-tier structure wherein the majority of goods and services will attract tax of 5 per cent and 18 per cent. A 40 per cent tax will be levied on ultra-luxury items, while tobacco and related products will continue to be in the 28 per cent plus cess category.<br \/>\n Since its launch on July 1, 2017, Goods and Se<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/news?id=56465\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GST 2.0 will bring down grocery bills by 13 pc, Rs 70,000 savings on small car purchasesGSTDated:- 22-9-2025PTINew Delhi, Sep 22 (PTI) The GST next-gen reforms, which kicked in from Monday, will lead to a saving of 13 per cent in the household bills for g<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-73736","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/73736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=73736"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/73736\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}