<h1>GST Restructure Cuts to 5%, 18% and 40% Show Mixed Retail Pass-Through Across 54 Monitored Items</h1> The government implemented a GST restructuring effective September 22, moving to two principal rates (5% and 18%) and a 40% rate for ultra-luxury goods, prompting monitoring of 54 commonly used items. Post-reduction, prices of all monitored items fell; 30 showed larger-than-expected decreases while 24 showed smaller-than-expected decreases relative to department estimates. Authorities reported broad compliance in passing on tax cuts but indicated further engagement with industry where retail prices lag expected reductions. The review identified specific product categories with significant and limited pass-through, and signaled continued oversight to ensure consumer benefit.