GST led to 'household savings' as tax rates came down

An average Indian household is saving up to Rs 320 every month on purchase of commonly used goods including cereals, edible oil and cosmetics post  GST implementation, a  finance ministry source said citing an analysis of consumer expenditure data. The government rolled out the Goods and Services Tax (GST) on July 1, 2017, amalgamating 17 different central and state taxes including excis…