GST, or the Goods and Services Tax, helps in driving consumption and saving on monthly bills through several key aspects: 1. Streamlining taxes: GST replaces multiple indirect taxes with a single tax, reducing the overall tax burden on goods and services. It eliminates the cascading effect of taxes, which allows for cost efficiency in the supply chain. This leads to lower prices, driving increased consumption. 2. Increased competition: GST brings the unorganized sector under its ambit, making it more difficult for businesses to evade taxes. This results in fair competition among businesses, as the tax burden is evenly distributed. Increased competition can lead to better quality products and services at competitive prices, encouraging consumers to spend more. 3. Input tax credit: GST allows businesses to claim input tax credit on their purchases. This means that the tax paid on inputs can be set off against the tax payable on the output, resulting in lower costs for businesses. This cost reduction can be passed on to consumers, leading to savings on monthly bills. 4. Removal of multiple taxes: Under the previous taxation system, consumers had to pay multiple indirect taxes such as central excise duty, state VAT, entry tax, etc. With GST, multiple taxes are consolidated into one, making the tax calculation process simpler and more transparent. This reduction in complexity can lead to savings on monthly bills. Overall, GST promotes consumption by reducing prices, fostering competition, and providing opportunities for savings through input tax credit and the removal of multiple taxes.