The new GST rates are coming into effect from 22 September.
Prime Minister Narendra Modi said that since the first day of Navratri from 22 September, the self -sufficient India campaign is taking an important and big step. Next generation GST reform is being implemented in the country. He has said that GST savings festival is going to start in a way in the country. Your savings will increase in this and you will be able to buy things of your choice more easily.
The poor and middle class people of the country, youth, farmers, women and businessmen will all benefit from this savings festival. That is, in this season of festivals, everyone’s mouth will be sweet. The happiness of every family of the country will increase. Modi also wished the whole country a wishes for this savings festival. The Prime Minister said that this GST reform will increase India’s growth story. Will make business and investment easier. Apart from this, every state will give an equal opportunity of development.
What will be cheaper?
GST 2.0 is officially applied from 22 September. After this, buyers across India will see a clear change in spending on everyday things and services. The aim of the new tax structure is to make the necessary and common use cheaper, while increasing the burden on luxury and drugs. This means for family members that there will be some relief on grocery items, dairy and equipment, but fond items like premium liquor, cigarettes or big motorcycles will be expensive.
Every house will get relief
In GST reform, tax burden has also been reduced on grocery goods, milk and dairy products used in everyday life. This will provide relief in the monthly budget of door-to-door. Similarly, rates have also been cut on home appliances and some electronic products, which will make shopping easier during the festival season. The government says that these changes will increase the savings of the general public and the demand in the market will increase. Real estate and housing sector will also get a big benefit from this. Overall, the effect of GST 2.0 will be seen on the pocket of every family and the essential items will now be cheaper than before.