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Lauding the Centre's landmark decision to slash and rationalise GST rates, Union Minister Hardeep Puri on Thursday said that these changes will boost economic growth and further support India's vision of 'Atmanirbhar Bharat'.
In a post on X, the Union Minister stated that these reforms aim to improve the ease of living for citizens, adding that it will focus on creating a stable, transparent, and growth-oriented tax system that will benefit farmers, the middle class, MSMEs, and businesses. "As announced by PM Sh @narendramodi Ji on Independence Day, the Next-Gen GST reforms aim to simplify compliance and improve the ease of living for citizens. These reforms focus on creating a stable, transparent, and growth-oriented tax system that will benefit farmers, the middle class, MSMEs, and businesses," he said. "By making GST simpler and more predictable, these changes will boost economic growth and further support India's vision of Atmanirbhar Bharat," the post added. https://x.com/HardeepSPuri/status/1963409773124112711 His remark came following the government's announcement of sweeping reductions in Goods and Services Tax (GST) rates on a wide range of essential items, automobiles, agricultural inputs, and electronic appliances. Finance Minister Nirmala Sitharaman announced the reduction aimed at providing relief to households, farmers, businesses and the healthcare sector. Termed as the "Next-Gen GST Reform", the decision comes as a historic Diwali gift to the nation and is expected to ease the cost of living while boosting economic activity. The 56th GST council meeting decided to rationalise GST rates to two slabs of 5 per cent and 18 per cent by merging the 12 per cent and 28 per cent rates. Earlier, Chief Ministers across NDA-ruled states lauded Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for the GST reforms. Uttar Pradesh Chief Minister Yogi Adityanath on Thursday called the tax reforms "transformative measures" for citizens and entrepreneurs. Sharing an X post, CM Yogi wrote, "Under the leadership of Hon'ble PM Narendra Modi ji and FM Nirmala Sitharaman ji, the Next Gen GST reforms approved by the GST Council are truly commendable. These transformative measures will simplify the lives of citizens, make business easier, and accelerate local manufacturing and entrepreneurship." "Heartfelt gratitude to the Hon'ble PM and thanks to the Hon'ble FM for these welfare-oriented decisions that will make India's economy stronger and more inclusive," the X post added. Backing the tax reforms, Delhi CM Rekha Gupta said that PM Modi fulfilled the promise he made on August 15 regarding the tax reforms. She called the GST Council's decision a relief for middle-class families, as a reduction in the GST on consumer goods would lower their expenditure. Calling it "historic", Maharashtra CM Devendra Fadnavis lauded the move to remove the 12 per cent and 28 per cent GST slabs. Maharashtra CM highlighted the zero GST on health and life insurance, calling it a "massive relief" for citizens. (ANI)
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