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Key Points

Union Minister Hardeep Puri has praised the government's landmark GST reforms as a major step forward. These changes simplify the tax system by reducing rates on essential items and merging tax slabs. The reforms are expected to provide significant relief to households, farmers, and businesses across India. This move supports Prime Minister Modi's vision of Atmanirbhar Bharat by boosting economic activity and local manufacturing.

Key Points: Hardeep Puri Modi GST Reforms Boost Economic Growth Atmanirbhar Bharat

  • GST rates rationalized to two slabs of 5% and 18% from previous four
  • Reforms aim to improve ease of living for all citizens
  • Benefits farmers, middle class, MSMEs and businesses directly
  • Creates stable and growth-oriented tax system for India
3 min read

Will boost economic growth, support India's vision of Atmanirbhar Bharat: Hardeep Puri lauds GST reforms

Union Minister Hardeep Puri lauds Modi government's Next-Gen GST reforms, calling them a historic move that simplifies taxes and supports economic growth.

"These transformative measures will simplify the lives of citizens, make business easier, and accelerate local manufacturing - Yogi Adityanath"

New Delhi, September 4

Lauding the Centre's landmark decision to slash and rationalise GST rates, Union Minister Hardeep Puri on Thursday said that these changes will boost economic growth and further support India's vision of 'Atmanirbhar Bharat'.

In a 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.

"As announced by PM Sh @narendramodi Ji on Independence Day, the Next-Gen GST reforms aim to simplify compliance and improve the ease of living for citizens. These reforms focus on creating a stable, transparent, and growth-oriented tax system that will benefit farmers, the middle class, MSMEs, and businesses," he said.

"By making GST simpler and more predictable, these changes will boost economic growth and further support India's vision of Atmanirbhar Bharat," the post added.

https://x.com/HardeepSPuri/status/1963409773124112711

His remark came following the government's announcement of sweeping reductions in Goods and Services Tax (GST) rates on a wide range of essential items, automobiles, agricultural inputs, and electronic appliances.

Finance Minister Nirmala Sitharaman announced the reduction aimed at providing relief to households, farmers, businesses and the healthcare sector.

Termed as the "Next-Gen GST Reform", the decision comes as a historic Diwali gift to the nation and is expected to ease the cost of living while boosting economic activity.

The 56th GST council meeting decided to rationalise GST rates to two slabs of 5 per cent and 18 per cent by merging the 12 per cent and 28 per cent rates.

Earlier, Chief Ministers across NDA-ruled states lauded Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for the GST reforms.

Uttar Pradesh Chief Minister Yogi Adityanath on Thursday called the tax reforms "transformative measures" for citizens and entrepreneurs.

Sharing an X post, CM Yogi wrote, "Under the leadership of Hon'ble PM Narendra Modi ji and FM Nirmala Sitharaman ji, the Next Gen GST reforms approved by the GST Council are truly commendable. These transformative measures will simplify the lives of citizens, make business easier, and accelerate local manufacturing and entrepreneurship."

"Heartfelt gratitude to the Hon'ble PM and thanks to the Hon'ble FM for these welfare-oriented decisions that will make India's economy stronger and more inclusive," the X post added.

Backing the tax reforms, Delhi CM Rekha Gupta said that PM Modi fulfilled the promise he made on August 15 regarding the tax reforms.

She called the GST Council's decision a relief for middle-class families, as a reduction in the GST on consumer goods would lower their expenditure.

Calling it "historic", Maharashtra CM Devendra Fadnavis lauded the move to remove the 12 per cent and 28 per cent GST slabs.

Maharashtra CM highlighted the zero GST on health and life insurance, calling it a "massive relief" for citizens.

- ANI

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Reader Comments

P
Priya S
As a small business owner, simplifying GST compliance is a huge relief. The two-slab system will make accounting much easier for MSMEs like ours. Hope this boosts local manufacturing as promised!
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Michael C
While the reforms look promising, implementation will be key. Previous GST changes took time to reflect in actual prices. Hope this time the benefits reach common people faster.
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Ananya R
Zero GST on health insurance is a game-changer! Medical costs have been rising so much, this will provide some relief to families. Good step toward affordable healthcare. 💪
V
Vikram M
Atmanirbhar Bharat needs such reforms to boost domestic manufacturing. Simplified tax structure will attract more investment and create jobs. Hope states implement this smoothly across India.
S
Sarah B
The timing before Diwali is perfect! Reduced rates on appliances and consumer goods will help festive shopping. Hope retailers pass on the benefits to customers immediately.

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