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Key Points

An awareness program for the Next Generation GST Reform Savings Festival was held in Pilibhit. State Minister Sanjay Singh Gangwar presided over the event, which aimed to educate traders on the new procedures. The reforms are expected to significantly reduce prices on a wide range of goods, from groceries to cars. This initiative is designed to boost both business activity and household savings across Uttar Pradesh.

Key Points: Pilibhit Traders Embrace Next-Gen GST Reforms at Savings Festival

  • New GST reforms promise up to 13% savings on household grocery and daily essential bills
  • Car buyers can save approximately Rs 70,000 on small vehicle purchases following the rate reduction
  • Health and life insurance policies are now exempt from GST, offering up to 18% savings
  • The awareness program in Pilibhit featured officials explaining the benefits to local traders and businesses
2 min read

UP: Next-Gen GST reforms savings festival held in Pilibhit, traders excited 

UP Minister Sanjay Singh Gangwar launches GST awareness drive in Pilibhit, promising significant household savings on groceries, cars, and insurance.

"“Through this awareness campaign, we are trying to impress upon the trading community about the benefits and procedures of the new reforms, which will boost both business and the economy.” - Sanjay Singh Gangwar"

Lucknow, Sep 24

As part of the Next Generation GST Reform Savings Festival, an awareness programme was organised in Pilibhit, which saw participation of prominent traders, businessmen, enterprise owners of the city.

Sanjay Singh Gangwar, Minister of State for Sugarcane Development and Sugar Mills in the Uttar Pradesh government presided over the function as the chief guest while many government officials from tax and revenue department also participated in the programme.

Ashish Niranjan, Additional Commissioner of State Taxes, Bareilly, informed traders about the latest GST reforms and explained its benefits and positive ramifications not just for the businesses but also for consumers.

Following the reduction in GST rates, markets are experiencing a vibrant atmosphere. Shopping is being seen in both the grocery market and the automobile sector, with a significant increase in car and tractor sales in particular.

Speaking on the occasion, Minister Sanjay Singh Gangwar said that the government's objective is to simplify business and provide relief to the general public.

“Through this awareness campaign, we are trying to impress upon the trading community about the benefits and procedures of the new reforms, which will boost both business and the economy,” he told the gathering.

The GST next-gen reform, which came into effect from September 22, is set to increase household savings as prices of products are set to go down significantly.

It is expected to result in savings of 13 per cent in the household bills for groceries and daily essentials, while a small car buyer will be able to save around Rs 70,000.

According to government estimates, stationery, clothing, footwear and medicines purchases would bring in savings in the range of 7-12 per cent, while the savings would go up to 18 per cent in the case of individual health and life insurance policies, which have been exempted from the GST bracket.

- IANS

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Reader Comments

P
Priya S
As a small business owner in Lucknow, I attended similar workshops. The new GST reforms are indeed simplifying compliance. Less paperwork means more time for actual business! 👍
M
Michael C
While the intentions seem good, I hope the implementation is smooth. GST has been quite complicated for exporters like me. Waiting to see how these reforms work on ground.
A
Ananya R
Health insurance without GST is a blessing! Medical costs are already so high. This will encourage more people to buy insurance policies. Great move for public health. 💪
V
Vikram M
Car savings of ₹70,000 is substantial! Perfect timing before festive season. Diwali shopping just got more exciting for automobile sector. 🚗
S
Sarah B
Hope the awareness programs reach smaller towns too. Many traders in rural UP still struggle with GST compliance. The benefits should be evenly distributed across the state.
K
Kavya N
As a mother, I appreciate the savings on stationery and children's clothing. School expenses are a big part of our budget. Every rupee saved helps! 📚

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