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Rohan Saha
Founder - Burn Inves... • 18h
Will the GST Rate Cut Really Help People? The government recently announced a cut in GST rates and many are wondering if this will actually make life easier on paper lower taxes should mean lower prices but in reality it’s not always that simple. For shoppers it depends on whether shops and companies pass the benefit down sometimes the reduction does not show up at all because businesses keep the margin for themselves if they do pass it on we might see a small drop in the cost of food, services or daily goods it won’t change everything but even a little saving matters when expenses are high. For businesses especially small ones a lower GST can help push demand if things become cheaper people tend to buy more and that means better sales but let’s be honest there are other issues too raw material prices, global trends, and compliance costs don’t vanish just because GST went down a bit. The government on the other hand collects a huge chunk of revenue through GST by cutting rates they are taking a risk hoping that higher demand will balance the dip in collections if people don’t spend as expected the gap could affect other spending plans. So will it help? Maybe a little It gives some relief, creates positive sentiment and signals that the government is listening but it is not a big fix the real impact will depend on how much of this cut reaches consumers and how people respond in the coming months.
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