'GST Now Means 'Garib Saves Tax'': Memes, Reactions Pour In After Rate Cuts

Advertisement
Read Time: 3 mins
Humour and guarded optimism filled social media after the announcement of GST rate cuts. (Photo: Envato)
Quick Read
Summary is AI-generated, newsroom-reviewed
  • Finance Minister Nirmala Sitharaman announced a reduction in GST rates to 5% and 18% from four slabs
  • Social media reactions included political commentary, humour, and calls for monitoring price benefits
  • Industry leaders like Anand Mahindra supported reforms, linking them to economic growth potential
Did our AI summary help?
Let us know.

Finance Minister Nirmala Sitharaman's announcement of a reduction in Goods and Services Tax (GST) rates on Wednesday has set off a flurry of responses online. The reactions on social media ranged from political comments to memes and demands for improved tracking.

The GST Council cleared simplified two-tier GST rates of 5% and 18%, replacing four slabs. FM Sitharaman said the changes would relieve the burden on households, with common and essential-use goods seeing reductions. The new rates will be implemented from Sept. 22, during Navratri.

Advertisement

On social media, the users were quick to put the move into political perspective.

A user commented, “Brilliant move! It will give much-needed relief to end consumers, provided GST reduction benefits are passed onto end consumers and companies shouldn't increase the prices of these items.”

Loading...