Prime Minister Narendra Modi, addressing the nation a day ahead of the implementation of recently made GST reforms, linked the move to the government's broader reform agenda and said the reduction in GST rates would complement income tax benefits given earlier this year, creating a "doubl
Calling it a festive gift, the Prime Minister said the reforms would accelerate India's growth story, make business easier, attract investment, and ensure every state becomes an equal partner in development.
Created by Raj and DK, 'The Family Man' features Manoj Bajpayee playing Srikant Tiwari, a middle-class man leading a double life as an intelligence officer.
The legislation, which was introduced on Sunday is set to impose a tax on any company that employs foreign labor instead of Americans and will use the generated revenue to fund workforce development programs with an aim to aid the American middle-class.
The Union Minister said that the government's move to eliminate the 18 per cent GST slab and bring relief on essential items marked a major step towards easing the financial burden on the middle class and the poor.
Union Minister Nityanand Rai hailed the reforms in the Goods and Services Tax (GST) and said that the poor people, farmers, labourers, and the middle class will benefit from the tax cuts.
"This will be very helpful for the middle class in the coming times. When there will be savings, they will be able to invest in other places, so in the coming times, this will bring a huge boost to the economy. I thank the Prime Minister," the Union Minister said here, thanking Prime Ministe
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.
In a social media post on X, the Union Minister stated that these reforms aim to improve the ease of living for citizens, adding that it will focus on creating a stable, transparent, and growth-oriented tax system that will benefit farmers, the middle class, MSMEs, and businesses.