During an event in Delhi, the Prime Minister said that GST has become even more simple now, he ‘double explosion before Diwali, Said.
The Prime Minister said, “Now GST has become even more simple. There are only two slabs left 5% and 18%, which has made it easier for every citizen and businessman.” He further said that this new system named GST 2.0 will give relief to homes, small traders and industries.
PM Modi rained on opposition
The PM further said- ‘In earlier governments, a large amount of tax was charged on goods. Before my arrival in 2014, there should be kitchen goods, farming goods or medicines, even on life insurance, the Congress government used to take different taxes on many such things. If you had been the same period, today you would have purchased something of 100 rupees, then you would have to pay tax of 20-25 rupees, but our government aims to make more and more savings in the lives of common people, people’s lives should be better.
The GST Council has finished the slabs of 12% and 28%, and only 5% and 18% rates. These changes will be applicable from 22 September. This is one of the biggest changes since the GST came into force in 2017.
The goods which were in the first high tax slab, will now come mostly in the slab of 5% and 18%. Due to this, essential items, personal care items, food in restaurants, travel, gadgets and even vehicles will become cheaper.
During this time, PM Modi said that the youth of the country will benefit from changes in the field of fitness. He said, ‘Gym, salon, yoga … tax on these services has been reduced, that is, our youth will be fit and will also be a hit.’