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From Autos to Aata: GST benefits bypass essentials, hit roadblock at retail
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It aimed to assess how effectively retailers and online platforms have passed on the GST rate reduction benefits in the first week.
Key Findings from the SurveyPackaged Foods: Only 1 in 10 See Full BenefitThe GST rate on packaged food products was reduced from 18% to 5%.
To sum up, only one in ten consumers confirmed receiving the full benefit, while two in ten said they received partial benefit.
Medicines: Minimal Impact at Retail LevelMedicines also saw their GST rate reduced (from 18% or 12% down to 5%).
White Goods and Electronics: Mixed ResponseFor high-value goods such as televisions, refrigerators, and air conditioners, the GST rate was reduced from 28% to 18%.