India's Goods and Services Tax (GST) 2.0, has been hailed as a "GST booster shot" for consumption-led growth, with major reliefs announced for sectors including FMCG, MSME, textiles, automobiles, healthcare, insurance, electronics and construction, noted a report by the Union Bank of India.
The new reduced GST rates that have come into effect on Monday have had auto dealerships nationwide witness unprecedented walk-ins, a surge in enquiries, and record deliveries across most segments, according to Shailesh Chandra, President, SIAM and MD, Tata Motors Passenger Vehicles Ltd and
The Government has announced major changes in Goods and Services Tax (GST) rates to make tourism more affordable, strengthen public transport, and provide relief to artisans.
During this, CM Yadav also purchased indigenous clothes from the market and urged the public to opt for swadeshi products, highlighting the swadeshi spirit of empowering the state's and nation's economy.
Following the implementation of the revised Goods and Services Tax (GST) rates from today, West Bengal Chief Minister Mamata Banerjee criticised the NDA government and said that all the relief will come from the coffers of state governments, and the central government did not spend a single
BJP MP and Confederation of All India Traders (CAIT) Secretary General, Praveen Khandelwal, lauded the reform, calling it a gift for the common people.
BJP MP K Laxman led a 'Dhanyavaad Modi Ji' padayatra in Hyderabad, calling the GST slab reduction a festive gift from PM Modi and urging traders to support its implementation.
The union minister said that the changes had made daily-use items, agricultural equipment, and clothing more affordable, directly benefiting the common man.
In Delhi, Ravi Shankar Kumar, a resident, said, "There are several benefits for middle-class families. Be it ghee, butter, milk or ice cream, the prices have gone down. We will have some benefits in terms of what we spend in a month on dairy products."
Following Prime Minister Narendra Modi's address to the nation via video conferencing on the government's recent reduction in GST rates, Dr Aashish Chaudhry, Managing Director, Aakash Healthcare said that when medical self-reliance is strengthened, it not only save costs but also make health