GST overhaul: From soaps to small cars, what gets cheaper and what gets costlier
The GST Council has introduced a two-tier rate structure of 5 and 18 per cent, effective from September 22, to boost the economy. FM Nirmala Sitharaman stated that this decision will lower rates on daily essentials, food items, health and insurance policies, consumer goods, handicrafts, and construction materials, while increasing prices for vehicles, auto parts, luxury and sin goods.