What Just Happened?
The GST Council recently announced revisions in tax rates across several product categories—including everyday essentials and services. From packed foods to online gaming and utility services, many rates have either gone up or down—directly affecting how much we all spend each month.
For salaried professionals, small business owners, and families already managing tight budgets, this update could tilt your monthly expense sheet. But don’t worry—Vizzve Finance is here to help you adapt smartly.
🧮 What Changed in the GST Revision?
Here are some examples (illustrative and subject to official updates):
| Category | Previous GST | New GST | Effect |
|---|---|---|---|
| Pre-packed food items | 5% | 12% | Increased cost of essentials |
| Utility services | 18% | 18% | No change |
| Online gaming | 18% | 28% | Sharp rise in online expenses |
| Solar-powered appliances | 12% | 5% | Reduced cost for eco-buyers |
| Branded clothing (₹1000+) | 12% | 18% | Fashion just got pricier |
These changes might seem small, but over time, they can add up to hundreds or thousands extra each month.
💸 How This Impacts Your Monthly Budget
Even a 5–7% increase in GST can mean:
Higher grocery bills
Increased internet/entertainment costs
Costlier transport or utility services
More tax on personal spending like gadgets or clothes
If your salary hasn’t increased but your costs have, your disposable income is shrinking.
💡 Vizzve Finance Tip: Don’t Just Budget—Buffer
At Vizzve, we recommend creating a GST Buffer Fund as part of your budget:
✔️ Why You Need It:
Absorbs sudden price hikes due to GST or fuel taxes
Helps you avoid cutting essentials when costs rise
Lets you continue lifestyle choices with financial stability
Even setting aside ₹500–₹1,000 monthly can soften the blow of these unexpected increases.
💳 How Vizzve Can Help You Navigate These Changes
Whether you’re reworking your budget or dealing with a cash crunch due to rising monthly expenses, Vizzve Finance offers smart, simple, and secure financial solutions:
✅ Features:
Quick personal loans from ₹10,000 to ₹5 Lakhs
Instant approvals for emergency needs
Flexible EMIs to match your monthly income
No hidden fees, no confusing terms
RBI-compliant lenders only
From bridging gaps in cash flow to managing increased monthly outflows, Vizzve can support you during this transition.
FAQs
Q1: Why do GST changes matter to individuals?
Even minor revisions in GST rates on food, utilities, or essentials can significantly impact household budgets over time.
Q2: What’s the best way to prepare for GST hikes?
Include a buffer fund in your budget and track category-wise GST changes that apply to your lifestyle.
Q3: How does Vizzve help?
Vizzve offers tailored loan solutions to manage increased monthly expenses, from groceries to school fees.
🎯 Final Thought
Government tax revisions are part of an evolving economy—but that doesn’t mean your finances should suffer. With the right strategy and Vizzve by your side, you can adapt, absorb, and advance—without stress.
Published on : 8th July
Published by : SMITA
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