Lower GST rates mean more savings for every household and greater ease for businesses," Prime Minister Narendra Modi posted on his X handle on Monday evening. As a Member, Central Excise, and then Chairman of the CBEC, he was associated with the preparations for the earlier GST regime. "Even by the earlier GST regime, in inter-state transactions, the destination state gets the money. Tax collection on goods with lower GST rates is expected to fall initially because rates are now lower on many items. Lower GST on essentials is expected to boost consumption, particularly through increased sales of durables, automotives, and housing materials.