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Key Points

UP Minister Jaiveer Singh has praised Prime Minister Modi's next-generation GST reforms as a major Diwali gift for all sections of society. The new GST structure, which took effect on September 22, features simplified tax slabs of 5% and 18%. These reforms are expected to reduce consumer prices and boost manufacturing across various industries. Major brands like Amul and Mother Dairy have already announced price cuts reflecting the GST reductions.

Key Points: UP Minister Jaiveer Singh Calls GST Reforms Modi's Diwali Gift

  • New GST structure features two main tax slabs of 5% and 18% rates
  • Reforms expected to ease compliance and reduce consumer prices nationwide
  • Major brands like Amul and Mother Dairy announce substantial price cuts
  • GST 2.0 aims to boost manufacturing and support MSME growth
2 min read

Big gift for every section: UP Minister Jaiveer Singh on next-gen GST reforms

UP Minister Jaiveer Singh praises PM Modi's next-gen GST reforms as "big gift for every section" ahead of Diwali, promising reduced consumer prices and economic growth.

"Before Diwali, Prime Minister Modi gave a big gift by reducing the GST rates - Jaiveer Singh"

Mainpuri, September 27

Uttar Pradesh Minister Jaiveer Singh on Saturday lauded Prime Minister Narendra Modi over the next-gen GST reforms, calling it a "big gift" for every section of society.

Speaking to ANI, Singh said, "Before Diwali, Prime Minister Modi gave a big gift by reducing the GST rates. This is a big gift for every section and people are very happy...India will become the Vishwaguru and Viksit Bharat by fulfilling the vision of Atmanirbhar Bharat on the strength of its Swadeshi movement, it will become a developed country..."

Earlier in the day, BJP National Spokesperson CR Kesavan praised PM Modi over the next-gen GST reforms, saying that these reforms along with the vision of 'Swadeshi' have become the propelling, pivoting force to realise his noble vision of a developed India in 2047.

Speaking to ANI, Kesavan further said that 'Modi' in Prime Minister's name stands for "Mission of Developed India."

"MODI stands for Mission of Developed India and these transformational next generation GST reforms by Prime Minister Narendra Modi Ji, along with his nationalistic vision of a self-reliant India with Swadeshi, have become the propelling, pivoting force to realise his noble vision of a developed India in 2047. We have been meeting people of Puducherry, and they are all celebrating and applauding Prime Minister Narendra Modi ji's game-changing GST reforms, and this has brought tremendous joy and happiness to each and every family of Puducherry..." the BJP leader said.

The Goods and Services Tax (GST) reforms, approved by the Union Government on September 4, came into effect on September 22. GST 2.0 features two main tax slabs, 5% and 18%, with a 40% compensation cess for luxury and sin goods.

The reform to the Goods and Services Tax (GST) structure, approved during the 56th meeting of the GST Council earlier this month, takes effect from September 22.

The new framework is expected to ease compliance, reduce consumer prices, boost manufacturing, and support a wide range of industries, from agriculture to automobiles and from FMCG to renewable energy, and is intended to lower the cost of living, strengthen MSMEs, widen the tax base, and drive inclusive growth.

In the fast-moving consumer goods (FMCG) and dairy sector, major brands like Amul and Mother Dairy have announced substantial price cuts, reflecting the full benefit of the GST reduction.

- ANI

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Reader Comments

R
Rohit P
While I appreciate the GST simplification, I hope the government ensures that businesses actually pass on the benefits to consumers. Last time also rates were reduced but many shops didn't lower prices.
A
Arjun K
As a small business owner, the simplified two-slab system is a blessing! The compliance burden was killing us. Now we can focus more on growing our business rather than tax paperwork. Jai Hind! 🇮🇳
S
Sarah B
The vision for 2047 is ambitious but achievable. These economic reforms show India is serious about becoming a developed nation. The focus on MSMEs and manufacturing will create more jobs for our youth.
K
Karthik V
Saw Amul milk products are cheaper now. Good move for common man's pocket. But I hope the government also focuses on improving quality of public services with the increased tax collection.
M
Michael C
The 40% cess on luxury goods makes sense - those who can afford premium products should contribute more to nation building. Balanced approach to taxation that benefits all sections of society.
N
Nisha Z
While the reforms are welcome, I wish the government would be more transparent about how these changes will impact state revenues. Federal balance is important for our democracy to function properly.

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