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Key Points

Suvendu Adhikari has praised the Modi government's recent GST revisions that will lower prices before the festive season. The changes include reducing GST on agricultural products from 12% to 5% and completely exempting insurance premiums. Adhikari connected these changes to PM Modi's Independence Day promise of festival gifts for citizens. Meanwhile, West Bengal CM Mamata Banerjee claimed a "moral victory" over the GST revisions.

Key Points: Suvendu Adhikari Credits Modi GST Rate Cuts for Festive Joy

  • GST rates on agricultural products slashed from 12% to 5% for immediate relief
  • Complete GST exemption on life and health insurance premiums
  • New simplified two-rate GST structure of 5% and 18% effective Sept 22
  • Price reduction on life-saving medicines and daily necessities before festivals
3 min read

People-friendly Modi govt has made festival season more joyful: Suvendu Adhikari on GST rates

West Bengal LoP Suvendu Adhikari praises Modi govt's GST revision, saying reduced rates on essentials and insurance will make festivals sweeter for common people.

"The people-friendly Modi government has made the festival season even more joyful for the countrymen - Suvendu Adhikari"

Kolkata, Sep 4

The revision in the rates of Goods & Services Tax (GST) announced by Union Minister of Finance Nirmala Sitharaman will bring down the prices of several essential commodities before the forthcoming festive season in West Bengal and the country, said Suvendu Adhikari, the Leader of Opposition in the state Assembly, on Thursday.

Kolkata, Sep 4 (IANS) The revision in the rates of Goods & Services Tax (GST) announced by Union Minister of Finance Nirmala Sitharaman will bring down the prices of several essential commodities before the forthcoming festive season in West Bengal and the country, said Suvendu Adhikari, the Leader of Opposition in the state Assembly, on Thursday. “Even before Durga Puja, the prices of many daily necessities will decrease significantly in one go. Complete exemption from GST on life insurance and health insurance. The people-friendly Modi government has made the festival season even more joyful for the countrymen,” Adhikari said in a social media statement on X.

According to him, the Union Finance Minister announced that from September 22 onwards, GST will be effective at two rates, 5 per cent and 18 per cent, with rates of 12 per cent and 28 per cent slabs being completely removed.

"Until now, 12 per cent GST was imposed on agricultural products, which has been reduced to 5 per cent. The prices of life-saving medicines, along with many daily necessities, will decrease,” the LoP said.

According to him, the revision in the GST rates bringing relief to common people is in line with the recent promises made by Prime Minister Narendra Modi, of festival gifts to the countrymen even before Puja and festivals

“Our illustrious Prime Minister Shri Narendra Modi ji had announced from the Red Fort on the auspicious day of Independence Day that he would give festival gifts to the countrymen even before Puja and festivals. As announced, so done—the upcoming festival days have become even sweeter for everyone,” Adhikari claimed.

On Wednesday night, soon after the Union Finance Minister announced a revision in GST rates, West Bengal Chief Minister Mamata Banerjee claimed “moral victory” over the development.

"A victory for common people. A victory wrested from a tone-deaf regime that only listens when forced. From day one, @MamataOfficial warned the Finance Minister that taxing insurance premiums was cruel, anti-people, and would deter families from securing their future, leaving them vulnerable to financial ruin in times of crisis," she said in a social media statement issued on Wednesday night.

-- IANS

- IANS

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Reader Comments

R
Rohit P
Good move but let's see if the price reduction actually reaches consumers. Sometimes traders don't pass on the benefits. Hope government ensures proper implementation.
A
Ananya R
GST exemption on insurance is a big relief! Many families were struggling with premium payments. This will encourage more people to secure their future. 👍
V
Vikram M
Why did it take so long to realize that 28% GST slab was too high? Better late than never, but these decisions should be more timely.
S
Sarah B
As someone who works in healthcare, the reduction in medicine prices is much needed. Many patients were skipping essential medications due to costs.
K
Karthik V
Simplifying GST to two rates (5% and 18%) makes so much sense! The previous multiple slabs created confusion and compliance issues for small businesses.

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