Congratulating Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman, Amitabh Kant lauded the tax reforms for simplifying the structure and eliminating inverted duties.
Next-generation GST reforms, as announced by Prime Minister Narendra Modi from the ramparts of Red Fort on August 15, represent a strategic, principled, and citizen-centric evolution of a landmark tax framework, which will enhance the quality of life of every last citizen, the press release
In a post on X, the EAM, while congratulating Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman, stated that the government's decision would enhance the ease of living and business in the country.
In the automobile segment, GST on petrol and petrol-hybrid cars, as well as LPG and CNG variants not exceeding 1200 cc engine capacity and 4000 mm length, has been reduced from 28 per cent to 18 per cent.
Haryana Chief Minister Nayab Singh Saini has said that several significant decisions were taken during the GST Council meeting held in the national capital on Wednesday.
In a major reform aimed at providing relief to households, farmers, businesses and the healthcare sector, Finance Minister Nirmala Sitharaman on Wednesday announced a sweeping reduction in Goods and Services Tax (GST) rates on a wide range of essential items, automobiles, agriculture inputs,