<h1>GST rate reductions aim to boost consumer purchasing power and offset state revenue concerns via increased market activity.</h1> The GST reforms reduced rates on about 375 goods and services effective from September 22, moving many items to 5% or zero. Educational materials were exempted, life saving drugs were made tax free, other medicines set at 5%, and farmer related supplies reduced or nil rated. The Minister described the package as consumer relief expected to raise purchasing power and offset any state revenue impact, and said the government and the GST Council will consider stakeholders' suggestions.