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The common man will get relief from changes in GST slab.

After giving relief on the income tax front in the budget, now the Modi government has given a Diwali gift to the common man on GST as well. Taking a big decision, the GST Council has reduced 4 tax slabs of GST to 2 tax slab. The tax on goods as 5, 12, 18 and 28 percent has now been converted into tax of only 5 and 18 percent.

Along with this, the government has also kept a special slab of 40 percent. However, its advantage is only kept for Sin Goods, Luxury Goods and harmful items. This time the government has focused on the common man and GST has now been reduced from 12 percent to 5 percent on everyday goods.

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The way the change in GST slab by the Modi government will have a direct impact on the common man. This can be understood in easy language. For example, if a goods was worth 100 rupees, then after it is imposed on it, the existing MRP i.e. maximum price is 100+12 = 112 rupees. Most of the goods used by the common man used to come in this 12 percent GST slab. But after the change in GST, its maximum price will now be 100+5 = 105 rupees. This means that the goods which used to get Rs 112 earlier will get 105 rupees than the new GST slab. That is, there will be a benefit of 7 rupees in the pocket of the common man directly.

These goods will be taxed at 5% instead of 12%

The way the government has changed the slab of GST, after that, along with food, other essential items will now be imposed 5 percent GST tax instead of 12. It will include butter, salty, ghee, bhujia, cheese, children's diapers, utensils, sewing machines, glucometer, medical grade oxygen and irrigation system, test strips, bio pastesides, tractors, cultivation, harvesting, threshing.

These things will be taxed at 5 percent instead of 18

After a change in GST slab, tooth brush, shaving cream, toilet cleaner, thermometer and tractor tires and parts will now replace 5 percent GST instead of 18. Similarly, the 18 percent tax on health insurance, term insurance and ULIPs has been completely eliminated.

Chocolate, 5 on jam, milk and zero tax in cheese will benefit

The government has decided that the first 5 percent GST was imposed on packed cheese and teeth, which has now been reduced to zero. Similarly, GST has also been removed from roti, chapati, khakhara and pizza bread. Similarly, GST of 5 percent has been imposed on almonds, pistachios, dates, fish, baking powder, sugar, dubband coconut, juice. Not only this, chocolate, pastry, cake, biscuits, jams, readymade soup, copy and corn plex have been reduced from 18 to 5 percent tax.

These things will be expensive by GST

After the new slab of GST, products like cigarette, pan masala, gutkha and tobacco will now be replaced by 28 percent GST. Along with this, tax has also increased in carbonated and caffeinated drinks, SUVs and expensive motorcycles and private aircraft. It is clear from this decision of the government that any house where a person regularly consumes tobacco or cigarettes will increase the monthly expenses rapidly. Due to this, the effect of savings in the required points will be negligible for him.