The Congress MP said that Union Finance Minister made major announcements following the GST council meeting; however, the decisions were proclaimed by PM Modi during his Independence Day speech.
Shrivastava said, "Under GST, the problem of inverted duty is being solved in the fertiliser sector, which will enable and encourage the domestic use of fertiliser."
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.