GST Savings Festival: More Savings and Happiness for Every Home

On the auspicious occasion of Navratri, the Government of Bharat has launched the GST Savings Festival, bringing a major relief to households and businesses across the nation. With the new GST rate reductions coming into effect, the initiative is designed to reduce the tax burden, make essentials more affordable, and boost overall consumer confidence.

Key Highlights of the New GST Rates

• Most daily-use items will now attract only 0% or 5% GST.

• 99% of goods and services are either tax-free or taxed at 5% or 18%.

• GST has been simplified into mainly two tax slabs – 5% and 18%.

Categories with Reduced GST

1. Grocery items – Reduced to 5% GST → savings up to 13%

2. Daily essentials (soaps, shampoos, etc.) – Savings up to 13%

3. Clothes and footwear – Reduced to 5% → savings up to 7%

4. Health and life insurance – Now tax-free → 18% savings

5. Medicines – Reduced to 5% → savings between 7–12%

6. Stationery – Simplified to 5% → savings up to 7%

Reduced GST on Vehicles and Electronics

• Tractors (up to 1800 cc): Approx. ₹40,000 savings

• Small cars (up to 1500 cc): Approx. ₹70,000 savings

• Motorcycles/Scooters (up to 350 cc): Approx. ₹8,000 savings

• Televisions: Approx. ₹3,500 savings

• Air Conditioners: Approx. ₹2,800 savings

Prime Minister’s Message

Hon’ble Prime Minister Shri Narendra Modi highlighted the importance of this initiative, stating:

“The new GST slabs will greatly benefit every family in the country. Poor, middle-class, farmers, laborers, small traders and all citizens will experience more happiness and prosperity with this change.”

What GST Savings Festival Means for Businesses

While consumers directly benefit from reduced prices, businesses must also update their accounting and compliance systems according to the new GST structure. Staying updated ensures smooth tax management and avoids compliance issues.

This is where expert GST and Tally solutions play a key role in helping businesses adapt quickly and efficiently.

Conclusion

The GST Savings Festival is not just about reduced tax rates—it is about empowering families with more savings and businesses with simplified compliance. From groceries and medicines to vehicles and electronics, the benefits are widespread and impactful.

📌 Contact Welfare Infotech Pvt. Ltd. for GST update support and Tally solutions.