The Central Government’s overhaul of the Goods and Services Tax (GST) system has been met with optimism in Hyderabad, where residents and traders say the changes will ease household budgets and simplify business compliance.
The reforms have slashed taxes on hundreds of consumer goods from soaps to small cars and streamlined the GST structure into two slabs of 5% and 18%, with zero tax on some items and 40% reserved for luxury and “sin” items.
Everyday relief
For many Hyderabadis, the cuts are already being translated into personal wins.
“This restructuring is a welcome and long-overdue change,” said Pavan Kumar, 27, an economics researcher from Moosarambagh.
