GST rehaul: Nirmala Sitharaman calls overhaul ‘a people’s reform’ touching every family; to boost consumption

Finance Minister Nirmala Sitharaman calls the GST overhaul a people’s reform. Tax rates are rationalized across products. This will lower household expenses and boost consumption. Car companies and insurers have already announced price cuts. Essential goods will become cheaper. The reform simplifies compliance for businesses. It also resolves disputes over product classification.