GST Rate Cut Likely on Kitchen & Daily Essentials; What Could Get Cheaper or Costlier Soon? Check List Here

The Goods and Services Tax (GST) Council is considering significant changes in tax rates on various household and consumer goods, aimed at easing the financial burden on consumers. According to the proposed revisions as per Moneycontrol report, several essential items used in daily life may soon become more affordable.

GST Proposed Revisions; What Will Become Cheaper or Costlier?

Kitchen Essentials to Get Cheaper: Tax Cuts on Pressure Cookers and Sewing Machines?

Under the new proposal, GST on sewing machines is expected to be reduced from 12% to 5%. Similarly, pressure cookers, one of the most commonly used kitchen appliances, may also see a tax cut from 12% to 5%. This reduction is likely to benefit households directly by lowering the cost of these essential appliances.

Stationary Products Likely to See Tax Relief

In the education segment, exercise books, geometry boxes, maps, and globes have also been included in the list of goods likely to face a reduced GST rate. These items, currently taxed at 12%, could soon attract only 5% GST. Such a move will not only ease expenses for students and parents but also encourage wider accessibility to educational resources.

Any Relief for Non-Essential Home Appliances?

On the other hand, non-electric water filters, irons, and vacuum cleaners are expected to remain in the higher tax bracket. These items will continue to attract 18% GST, as per the proposal. This indicates that while the government is prioritizing affordability in kitchen and educational essentials, it has chosen to retain higher taxes on certain home appliances.

The proposed changes reflect an attempt to rationalise GST rates by making household necessities and learning materials cheaper. If approved, these adjustments are likely to provide direct relief to families, especially those in lower and middle-income groups, by reducing costs on essential goods.

Retailers and consumers alike are eagerly awaiting clarity on the revised GST rates. Many shoppers have already postponed their festive purchases in anticipation of potential price drops once the new rates come into effect. According to businesses, implementing the changes ahead of Navratri could boost consumer sentiment, revive demand, and give a strong start to the festive sales season.

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