GST Slab Changes: Price Reductions for Cars, Mobiles, Computers

During his 79th Independence Day address, Prime Minister Narendra Modi announced “Next-Generation Reforms” in the Goods and Services Tax (GST) system, describing them as a “Diwali gift” for the nation. These reforms aim to simplify GST slabs, reducing the cost of daily-use items. Significant price reductions are expected for cars, mobile phones, computers, and other household appliances due to changes in tax rates.