GST Reforms by Modi govt

Highlighting tax relief, labour code consolidation, expanded MSME norms, trade agreements and nuclear and maritime reforms, the Prime Minister said governance has shifted towards trust, technology driven administration and sustained, inclusive growth across sectors.

The Prime Minister emphasised that the GST Bachat Utsav will benefit poor, middle class, farmers and MSMEs. He called it a double bonanza combining income tax relief with lower GST rates.

In the past, Ravish Kumar had argued that insurance was becoming too costly for the common man, and that high GST was discouraging people from buying or renewing policies.

The site, launched right after the announcement of the GST Council’s latest reforms, is being pitched as a tool to make tax savings more transparent and relatable for ordinary citizens.

From corporate tax reductions that catalyzed investment, to the implementation of GST that unified the national market, and personal income tax reforms that enhanced Ease of Living—the reform trajectory has been consistent and citizen-centric.

The GST Council has reduced tax rates on key electronics, including TVs above 32 inches, ACs, dishwashers, and monitors, from 28% to 18%.

The decision is expected to benefit the middle class, which usually makes automobile purchases during the Diwali season, to avail the special discount offers provided by automakers around this time.

GST on 33 life-saving drugs and medicines has been brought down from 12% to zero, offering significant relief to patients who rely on these medicines.