GST cuts to save consumers ₹2 lakh crore: Sitharaman
Finance Minister Nirmala Sitharaman on Wednesday said reduction in tax rates on goods and services as part of GST 2.0 reforms would result in saving ₹2 lakh crore for consumers, leaving more money in the hands of the common people for savings or discretionary spending. GST Council’s decision is aimed at easing the tax burden on consumers, she added.