Parameshwara said the central government has finally understood the concerns raised by his party, which had long been demanding a cut in Goods and Services Tax (GST), introduced on July 1, 2017.
Vaishnaw said that the new GST tax slabs will be effective from the first day of Navaratri, and rates have been reduced for almost every item which is used in the lives of middle-class families.
Madhya Pradesh Chief Minister Mohan Yadav on Thursday praised the Prime Minister Narendra Modi-led central government over GST reforms, saying it would benefit the poor and the middle-class people the most.
The central government's decision to reduce the Goods and Services Tax (GST) on cement and steel has been hailed as a game-changing move by leaders from the real estate industry.
Former Union Finance Minister and senior Congress leader P Chidambaram has welcomed the Centre's decision to rationalise GST rates to two slabs, stating that he appreciates the government for "realising" its mistake after eight years of its introduction on July 1, 2017.
He mentioned that the Congress party had been advocating for reforms in GST for a decade. Kharge claimed that the GST introduced under the NDA government included Tax Slabs of 0%, 5%, 12%, 18%, 28% followed by special rates of 0.25%, 1.5%, 3%, and 6%.
Uttarakhand Chief Minister Pushkar Singh Dhami welcomed the Centre's new generation GST, calling it a "historic decision" that will benefit everyone, reducing it to two slabs of 5% and 18% and applicable from September 22, 2025. ji, the Central Government's commitment is to implement a new
The rally returned to Indian equity markets on Thursday as the government's move to rationalize Goods and Services Tax (GST) rates boosted investor sentiment.
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.
Congress leader Priyank Kharge on Thursday criticised the Centre's recent GST reforms, and said that the "One Nation, One Tax" had turned into "One Nation, 9 Taxes."
Union Finance Minister Nirmala Sitharaman hit out at the Congress, and said the party once considered GST was impossible to implement, but the Modi government not only rolled it out successfully but is now taking it forward with second-phase reforms to ease the burden on common people.