How to Check and Compare Savings on Products with GST 2.0?

New Delhi, Sep 6 (NationPress) Following the announcement of the cutting-edge Goods and Service Tax (GST) reforms, the government has rolled out a specialized website savingswitgst.in where consumers can verify and compare product prices before and after the rate adjustments take effect on September 22.

This website, created by My Gov, a government citizen engagement platform, features various categories including food items, snacks, household products, electronics, kitchenware, and leisure items, enabling users to effortlessly compare prices before and after the reforms.

"Next-Gen GST is here! Curious about your potential savings? Add your favorites to the cart and witness the difference first-hand. Scan the QR code or visit http://savingswithgst.in to start exploring now!" MyGovIndia shared on its official X account.

To compare prices, customers need to navigate to the SavingswithGST.in portal and add their selected items to the cart. Here, users can view three distinct price categories: 'Base Price', 'Selling Price under VAT', and 'Selling Price under Next-Gen GST'. Consumers can choose items from specific categories, which include food, snacks, household goods, electronics, kitchenware, and lifestyle products.

For instance, selecting milk from the food category shows a price of Rs 60 per litre, which will be displayed as Rs 63.6 under VAT and Rs 60 under the Next-Gen GST.

Earlier this week, the GST council approved a shift from the previous four-tier tax structure (5%, 12%, 18%, and 28%) to a simpler two-slab system of 5% and 18%, with an additional 40% slab for luxury and sin goods.

This initiative follows Prime Minister Narendra Modi's announcement during his Independence Day address regarding the launch of next-generation GST reforms around Diwali this year. The reforms aim to deliver direct savings to households by lowering taxes on essential items and packaged foods.

Taxes on products like Ultra-High Temperature (UHT) milk, pre-packaged and labeled chena or paneer, and all types of Indian breads will be reduced to zero, while household goods such as soaps, shampoos, toothbrushes, toothpaste, tableware, and bicycles will incur a 5% GST.

Additionally, food items like packaged namkeens, Bhujia, sauces, pasta, chocolates, coffee, and preserved meat will see a decrease from 12% or 18% to 5%, while consumer durables like TVs under 32 inches, ACs, and dishwashers will shift from 28% to 18%.

Small cars and two-wheelers below 350cc will now be taxed at 18%, down from 28%, while farm machinery and irrigation equipment will see a reduction from 12% to 5%. Conversely, tobacco, pan masala, aerated drinks, and luxury goods will be taxed at 40%.