New Delhi: Prime Minister Narendra Modi on MONDAY Wrote an open Letter to Citizens and Hailed the “GST BACHAT UTSAV” Initiative.PM modi said that lower gst rates mean more saving for every household and green ease for businesses.“As the nation celebrates the beginning of Navaratri, I Extend Heartfelt Wishes to you and your familyies. May this festival brings good health, Happiness and Prosperity to EVRYOYONE. Rejoice “These reforms will boost savings and directly Benefit Every Section of Society, Be It Farmers, Women, Youth, Poor, Middle Class, Traders or Msmes. Accelerate the program of every state and region, “He added.This letter came as the next-generation GST reforms come into effect on mode, marking the launch of what PM modi called ‘GST BACHAT UTSAV’.The GST 2.0 overhaul aims to simplife taxation and reduce the financial burden on households, businesses, and farmers, bringing relieve just in time for the festive season.Also read | ‘GST BACHAT UTSAV’: PM Modi Interacts With Traders and Entrepreneurs in Tripura; Highlights Benefits for Key SectorIn the letter, PM modi said that the most important feature in the next generation GST reforms is that there will mainly be two slabs of 5% and 18%, 18%, bringing the daily essentials successals, etc. Toothpaste, insurance and many more items will now eite be tax-free or fall in the lowest 5% tax slab. Goods that was earlier taxed at 12% has almost Entrely shifted to 5%.He also said that in the last few years, 25 Crore people have risen about poverty and formed an aspirational neo-middle class.“If we combine the income tax cuts and the next generation GST reforms, they add up to savings of near Rs 2.5 lakh for the people. Aspirations such as building a home, purchase a vehicle, purchasing appliances, eating out or planning a family vacation, “PM Modi SAID. “Our nation’s GST Journey, which began in 2017, was a turning point in freeing our citizens and businesses from the web of multiple taxes. GST United The Nation Economically. ‘One Nation, One Tax’ Brought Uniformity and Relief. The GST council, with the active participation of bot centers and states, Took Many Pro-PEOPLE Decisions. Now, these new reforms take us further, simplifying the system, Reducing Rates and Putting More Savings in the Hands of the People, “He Added. He also said that the center’s goal is “viksit bharat by 2047,” And to achieve it, walking on the path of self-reeliance is imperative and added that titse reforms strengthe Paving the way towards aatmanirbhar bharat.He also Urged Citizens to Support Products that are made in India products. “I appeal to our shopkeepers and traders to sell products that are made in India. Governments to Encourage Industry, Manufacturing and Improvement of the Investment Climate. Festival ‘, “PM Modi said in a letter.
