Week After GST 2.0: Less Than 30% Of Medicine, Packaged Food Buyers See Benefits, Says Survey

GST 2.0 might not be benefiting the consumers immediately. (Source: Pixabay) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The benefits of the overhaul in the goods and services tax may be evading consumers for now. A nationwide survey done by Local Circles revealed that price cuts because of the new GST rates may have not trickled down to the consumers of various categories of products.

Less than 30% of the survey respondents benefitted from the GST overhaul in the first week, when its comes to the purchase of packaged food items and medicines.

The survey, which received over 78,000 responses from over 27,000 consumers located across 332 districts of India, highlighted that only one in 10 consumers confirmed receiving full benefit of GST rate reduction on packaged foo