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Key Points

Bihar's Deputy Chief Minister Samrat Choudhary has announced significant GST relief measures benefiting farmers and common citizens. The government has reduced tax rates on essential items like food and textiles to help control inflation. These reforms align with Prime Minister Narendra Modi's vision of economic self-reliance and supporting the common people. Despite an anticipated initial revenue loss, the government remains committed to providing economic relief.

Key Points: Samrat Choudhary Reveals GST Relief Boost for Farmers

  • GST abolished on food items with only 5% tax
  • Textile tax reduced from 12% to 5% to control inflation
  • Government anticipates initial revenue loss of ₹93,000 crore
  • Reforms aimed at supporting farmers and economic self-reliance
2 min read

GST relief will benefit farmers, poor and common people: Bihar Dy CM

Bihar Dy CM highlights major GST reductions benefiting common people, farmers, and economy with key tax relief measures

"The poor, farmers, and India's economy have been taken care of. - Samrat Choudhary"

Patna, Sep 4

A day after the important GST Council meeting held in Delhi, Bihar Deputy Chief Minister Samrat Choudhary said that the government has taken major steps to resolve people's concerns about Goods and Services Tax (GST), and its impact will be visible on a large scale in the coming time.

Addressing the media persons in Patna, Choudhary said that GST has been abolished on all food items, and now people will have to pay only around 5 per cent GST.

He added that taxes on employment-related items have also been reduced, providing maximum benefit to farmers and common citizens.

Highlighting specific measures, the Deputy CM said that GST on textiles has been slashed from 12 per cent to 5 per cent, which will help control inflation and ease the burden on the public.

"The poor, farmers, and India's economy have been taken care of. This is a relief package for the common man," Choudhary said.

He also emphasised that the government is committed to promoting a Swadeshi campaign for self-reliance and prosperity.

"As Prime Minister Narendra Modi had announced from the Red Fort on August 15, the country's economy is now getting relief. Bihar and the entire nation will prosper through these reforms," he added.

Choudhary dismissed opposition allegations, saying that the decisions taken in the GST Council clearly show that the government is working to ease people's hardships and keep inflation under control.

Samrat Choudhary said the reduction in Goods and Services Tax (GST) rates will certainly impact government revenue, but it will provide much-needed relief to the common people, farmers, and the health sector.

Choudhary explained that the decision will initially cause a revenue loss of Rs 93,000 crore, but after internal adjustments, the government will finally bear a net loss of around Rs 40,000 crore.

"Even with this burden, the people of India will get relief. Farmers will benefit, the health sector will get concessions, and in a way, Indians are being given a booster dose to become self-reliant," he said.

The Deputy CM said that the decision reflects the government's commitment to protect people from inflation while also boosting economic activity through reduced taxation.

At the same time, Choudhary took a dig at RJD supremo Lalu Prasad Yadav, saying: "Does he understand finance. If he is talking about finance, then it is a good thing."

- IANS

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Reader Comments

P
Priya S
As a farmer's daughter, I appreciate the focus on agricultural benefits. Removing GST on food items will help both producers and consumers. Hope this translates to better prices for farmers and affordable food for everyone.
A
Aman W
While the relief is welcome, I'm concerned about the ₹40,000 crore revenue loss. Hope the government has a proper plan to manage this deficit without affecting essential services. Fiscal responsibility is equally important.
S
Sarah B
The reduction in employment-related taxes is a smart move. This should encourage more job creation and formal employment. Small businesses will benefit significantly from these changes.
Vikram M
Good step but implementation is key. Hope the benefits actually reach common people and aren't absorbed by middlemen. The government should ensure proper monitoring of price reductions.
N
Nisha Z
The focus on Swadeshi and self-reliance is commendable. Reducing taxes on essential items while promoting local products is exactly what our economy needs right now. Jai Hind! 🇮🇳
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Rohit P
As someone from Bihar, I'm happy to see our Deputy CM taking proactive steps. The common man has been struggling with inflation and these measures should provide some breathing space. Hope other states follow similar people-friendly policies.

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