Kolkata: The morning of Monday, September 22, 2025 will perhaps go down in the history of taxation in the country as only the second most important date after July 1, 2017, when Goods and Services Tax was unveiled in the country paving the way for the much-desired-but-always-elusive one nation one tax. As assured by the nation’s policymakers, more than 90% of articles of daily and common use will cost less as stores open this morning, both in the online and physical variety, providing relief to the stressed wallets of the common individual.

Prime Minister Narendra Modi described the decision to slash GST slabs and rates on hundreds of items as a “Double Diwali Dhamaka” and “GST Bachhat Utsav”. The rhetoric doesn’t seem to be misplaced since it represents a very rare occasion when the prices across the table of items from food items to bicycle, textile to hotel tariff are supposed to go down in one stroke.

Let’s have a quick look at the range of items the prices of which are supposed to decline from today.

GST from 18% OR 12% to 5%: Hair oil, toilet soap bars, shampoos, toothbrushes, toothpaste, Bicycles, Tableware, kitchenware, other household articles.
Agricultural goods like tractors, agricultural, horticultural or forestry machinery for soil preparation or cultivation, harvesting or........

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