India

Tax Reduced On Many Household Items After Introduction Of GST

The Goods and Services Tax(GST) that subsumed 17 local taxes and fees benefited household items. Taxes on household items including including flour, cosmetics, television, refrigerator etc have reduced.

Sharing a news report on X, PM said for his government reform means the improvement in lives of 140 crore people.

A news report, quoting the data of Central Board of Indirect Taxes and Customs(CBIC), claimed that reduction in household items has significantly reduced strain on household incomes and improved affordability.

Also Read: SC Refuses To Hear Plea On NEET-UG Row Probe By ED

Posting the same report Prime Minister Narendra Modi wrote on X that since the GST has come into existence, household goods have become cheaper.

He wrote, “For us, reforms are a means to improve the lives of 140 crore Indians. After the introduction of GST, goods for household use have become much cheaper. This has resulted in significant savings for the poor and common man. We are committed to continuing this journey of reforms to transform people’s lives.”

The report has quoted Finance Minister Nirmala Sitharaman as well. Finance Minister in the GST council meeting on Saturday said, ““I want to reassure the assessees that our intent is to make GST assessees’ life easier. We are working towards lesser compliance.”

Shibra Arshad

Recent Posts

PM Modi Meets Bhutan PM Tobgay At BIMSTEC Summit; Highlights Strong Bilateral Ties & Regional Cooperation

PM Narendra Modi met Bhutanese PM Tshering Tobgay on the sidelines of the 6th BIMSTEC…

3 hours ago

Jamia Students Back Waqf Amendment Bill; Call It A Step Toward Empowerment

The student group 'Shaher-E-Arzoo' expressed firm support for the Waqf Amendment Bill, calling it a…

6 hours ago

India’s Exports To The US Face Limited Impact From Tariff Hike: SBI Report

The 27% tariff hike by US President Donald Trump on Indian goods will have only…

6 hours ago

Waqf Freed From Mafia Control, New Era Of Development Begins For Muslims: MRM

Following the passage of the Waqf Amendment Bill 2024 in both Houses of Parliament, celebrations…

7 hours ago

India’s Forex Reserves Surge To $665.4 Billion; Rupee Strengthens As Trade Deficit Narrows

India’s forex reserves jumped $6.6 billion to a five-month high of $665.4 billion for the…

8 hours ago

Laxmi Singh Leads Gautam Buddha Nagar Police To Historic No 1 Rank In IGRS Across All Stations

Gautam Buddha Nagar Police, led by CP Laxmi Singh, achieved a historic feat with all…

9 hours ago