Uttar Pradesh Chief Minister Yogi Adityanath has welcomed the landmark decision on GST reform, expressing gratitude to Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for their visionary leadership. He said the reform marks the beginning of a new chapter in India's
"We have received assurance from all sectors of industry, different levels, big and small, have committed that we will pass on the entire benefit to the common man. We are very confident that they will meet our expectations. The Modi government always trusts stakeholders just as the people o
The Union Government brought about pathbreaking reforms in the existing Goods and Services Tax (GST) structure on September 3. The step would bring a long expected relief to the common man and materialize Prime Minister Narendra Modi's vision as announced in his speech from the ramparts of t
"I welcome the reduction. The other truth is that it has been done eight years too late. We have always advocated a single rate, with a small plus or minus. This is a huge progress over the six or seven rates they had. In the course of time, I believe, it will come down to a single rate,"
In a statement, Assam BJP Spokesperson Debojit Mahanta stated that nearly 99 per cent of goods currently taxed at 12 per cent GST would now come under 5 per cent GST. As a result, more money will remain in the hands of the common people, thereby increasing their purchasing power.
"The GST rationalisation is a progressive step towards making products and services more affordable for consumers, easing operational complexity of doing business, lowering inflation and driving consumption growth across the retail sector. This will serve as a big booster to India's econo
Bharatiya Janata Party (BJP) MP Tejashwi Surya on Thursday lauded the Prime Minister Narendra Modi for the Goods and Services Tax (GST) reforms, saying that these reforms are historic and by rationalising tax evasion, a new dimension has been given to the entire economy.
"India's economy is entering a new era under the visionary leadership of Prime Minister Modi. This is not just a tax reform but a decisive and important step towards making India a leading economy in the global market with a high growth rate. Hearty congratulations to PM Modi and Union Finan
Prime Minister Narendra Modi on Thursday said that the upcoming GST reforms mark a significant step in making India self-reliant, calling them the "next-generation" of changes required to strengthen the economy and ease compliance for citizens and a "double dhamaka" of happiness before th
Companies in India will ramp up manufacturing of consumer goods following the Government's GST (Goods and Services Tax) 2.0 reforms, a move executives say will drive both manufacturing and sales-led employment across the country.
BMS also expressed hope that manufacturers, insurance companies, and others will promptly pass on these benefits to the common man by lowering the prices of essential daily-use products, said Ravindra Himte, General Secretary, BMS, in a statement.