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Key Points

Andhra Pradesh Chief Minister N. Chandrababu Naidu has welcomed the new GST reforms announced by the Centre. He described the revised tax structure as pro-poor and growth-oriented, particularly benefiting farmers and businesses. The reforms simplify GST into just two main slabs of 5% and 18% effective from September 22. This move is expected to provide significant economic relief and boost consumer spending across various sectors.

Key Points: Naidu Hails Modi GST Reforms as Pro-Poor Growth Move

  • GST reforms reduce slabs to 5% and 18% from September 22
  • Multi-sectoral focus covers essentials, education, and healthcare
  • Expected to provide Rs 48,000 crore relief to common citizens
  • Andhra Finance Minister calls it a gift for poorest of the poor
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Andhra CM Naidu hails GST reforms as 'pro-poor, growth-oriented'

Andhra CM Chandrababu Naidu welcomes GST reforms with revised slabs on essentials, calling it a pro-poor, growth-oriented decision benefiting farmers and businesses.

"This pro-poor, growth-oriented decision will benefit all sections of society - N. Chandrababu Naidu"

Amaravati, Sep 4

Andhra Pradesh Chief Minister N. Chandrababu Naidu hailed the Goods and Services Tax (GST) reforms approved by the GST Council as “pro-poor” and “growth-oriented”.

The Telugu Desam Party (TDP) President took to X to welcome the announcement made by Finance Minister Nirmala Sitharaman on Wednesday night after the GST Council meeting.

“We welcome the GST reforms with revised slabs across daily essentials, education, healthcare, and agriculture. This pro-poor, growth-oriented decision will benefit all sections of society, from farmers to businesses,” posted Chandrababu Naidu, a key partner in the BJP-led NDA government at the Centre.

“I congratulate Hon’ble Prime Minister Shri Narendra Modi Ji and Union Finance Minister Smt. Nirmala Sitharaman Ji on this transformative step. As announced by PM Modi Ji on Independence Day, these next-generation GST reforms mark a strategic and citizen-centric advancement of our tax framework, ensuring a better quality of life for every Indian,” said Naidu.

The reforms left only two GST slabs -- 5 and 18 per cent. The new structure will be implemented from September 22.

Sitharaman announced the sweeping GST rate cuts after the 56th meeting of the GST Council in New Delhi.

With the majority of items coming in 5 and 18 per cent slabs and several items facing zero per cent tax, this is expected to help the common man save money. This, the government hopes, will be routed into the economy, giving it a significant boost and having a revenue implication of Rs 48,000 crore.

"These reforms have a multi-sectoral and multi-thematic focus, aimed at ensuring ease of living for all citizens and ease of doing business for all," said Sitharaman.

Earlier, the Andhra Pradesh government extended full support to next-generation GST reforms.

Participating in the GST Council meeting, State Finance Minister Payyavula Keshav stated that the State government fully supports the reforms proposed by the Centre. He called it a measure taken in the best interest of the ‘poorest of the poor.’

Keshav said the reforms were in line with Prime Minister Narendra Modi’s Independence Day announcement of a “Diwali gift” for the people.

“As an alliance partner, the Andhra Pradesh government supports these reforms in the GST sector being proposed by the Government of India. Most of them are aimed at helping the common man and the poorest of the poor. They cover critical sectors such as food, education, health, steel, cement, and textiles,” Minister Keshav said.

- IANS

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Reader Comments

P
Priyanka N
As a small business owner, I appreciate the simplified tax structure. Two slabs instead of multiple rates will make compliance much easier. Good move for ease of doing business!
M
Michael C
While the intention is good, I hope the government ensures that businesses actually pass on the benefits to consumers. Last time, many companies didn't reduce prices despite tax cuts.
S
Sneha F
Healthcare and education becoming more affordable is a blessing for middle-class families. My daughter's school fees and medical expenses take up so much of our income. This should help! 👍
A
Aditya G
Good to see AP CM supporting progressive reforms. GST simplification was long overdue. Hope this boosts economic growth and creates more jobs in our state.
K
Kavitha C
₹48,000 crore revenue implication is huge! I hope the government has proper plans to compensate for this loss. We don't want infrastructure projects suffering due to reduced tax collection.

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