Recently, Prime Minister Narendra Modi has given his very first reaction on the recent cut in GST Rates. Sharing his statement on social media Platform X, PM Modi expressed happiness that the GST Council which includes both the Centre and the states, has collectively agreed on the proposals presented by the central government. he also said that the decision to reduce the GST Rates and bring reforms will directly benefit the common citizens.
According to Prime Minister Modi, this move will support farmers, the middle class people, the people who are owning some kind of small business, youth of the country and Women. PM Modi also highlighted that the decision reflects cooperative federalism as both the central and state governments worked together to reach this outcome. Statement shared by prime minister narendra modi has underlined the government’s focus on making the tax system more simplerb and helpful for everyday people. These reforms are expected to boost the economic activity and bring the relief to many sections of the society and citizens.
GST Reforms for the Improvement of Business and People
Prime Minister Modi has welcomed the reforms made by the Goods and Services Tax council. In his recent post on X, he said that the changes will improve the lives of people, and make it easier to do business, especially who are doing small business and who own some small enterprises. In his post on social media platform X, PM Modi explained that the central government has prepared a detailed proposal to retionalize GST Rates and simplify procedures. the aim, of these reforms is to make the lives easier then before and to strengthen the economy. PM Modi also reminded citizens thet during his independence day speech, he had spoke about the government;s intention to introduce the next-generation reform in GST. where recently on, 3rd of september GST Council approved a new rate structure of 5% and 18% which will come into effect from upcoming 22nd september.
What Home Minister Amit Shah Said?
Union Home Minister Amit Shah has welcomed the GST Rate cut and procedurak reforms, calling them a historic and transformative step under the Prime Minister Modi’s leadership. Amit Shah has also shared a post on socila media platform X, Where he said that PM Modi remains firm on his promises and the decision will bring the relief to the people of middle class, small business owners, women and youth.
