According to the government, the Goods and Services Tax (GST) has had multiple benefits for households, leading to savings on monthly bills. Here are some key points:

• Elimination of cascading taxes: GST replaced multiple indirect taxes, reducing the cascading effects of taxes on products and services. This has resulted in cost savings for households.
• Lower tax rates: The government implemented lower tax rates on essential goods and services, such as food items, healthcare, and transportation. This has directly benefited households, reducing their expenses in these areas.
• Input tax credit: Under GST, businesses can claim input tax credit on the taxes paid for input goods or services. This benefit is passed on to consumers in the form of reduced prices, resulting in savings for households.
• Increased competition: GST has led to the simplification of tax procedures and increased compliance, facilitating the ease of doing business. This has encouraged more businesses to enter the market, promoting competition, and potentially leading to reduced prices and better deals for consumers.
• Streamlined national market: GST has created a unified national market by eliminating interstate barriers and reducing logistic costs. This has resulted in the availability of a wider range of products and services at competitive prices, providing options for households to save on monthly expenses.

It is important to note that these claims are based on the perspective of the government, and the actual impact on households may vary depending on individual circumstances and regional factors.