Declaring the profit share bonus to Singareni Employees today, the Chief Minister said that the GST rate rationalisation will have an adverse impact on the state revenues.
The Prime Minister highlighted that these reforms will boost savings and directly benefit every section of society, including farmers, women, youth, the poor, middle-class individuals, traders, and MSMEs.
Congratulating the Union Government over the GST reforms, BJP MP Ravishankar Prasad on Monday said that Prime Minister Narendra Modi believes in 'Sabka Saath, Sabka Vikas'.
Joshi noted that as a Consumer Affairs minister, he expects the new rates to be entirely passed on to the end consumer. To monitor the situation, the government has also established a helpline number.
Key decisions of the 56th GST Council Meeting on coal include: removal of the Rs. 400 per tonne GST compensation cess previously levied on coal, and an increase in GST rate on coal from 5 per cent to 18 per cent.
Rao lauded the GST reforms, stating that 99 per cent of the daily use items have come under the 5 per cent GST, which will help the poor, middle class, women, students, farmers and other sections of the society.
Addressing a press conference in Shimla, BJP national spokesperson Gopal Agarwal said that the government has consistently worked towards making GST easier and more transparent for businesses and consumers alike.
Prime Minister Modi, while encouraging them, said he has been championing local products as their brand ambassador. He called on people to "buy Swadeshi and sell Swadeshi," stressing that India must become self-reliant in order to achieve the goal of a Viksit Bharat.
Rai Kumar Nahar, who is the Chairman of The Poona Merchant Chamber, has pointed out that the previous GST slabs mandated implementation of different kinds of rates which led to mistakes, which will be reduced by the newly brought reforms.
Prime Minister Narendra Modi on Sunday urged citizens to adopt Swadeshi and prioritise Made in India products, as the newly approved Goods and Services Tax (GST) reforms come into effect from September 22, the first day of 'Shardiya Navaratri'.