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

India’s Forex Reserves Reach Five-Month High; Signalling Economic Strength

India’s foreign exchange reserves have surged to $686.14 billion the highest level since November 2024…

17 mins ago

World Leaders Gather In Rome For Funeral Of Pope Francis

World leaders, royals, and religious dignitaries gathered in St. Peter’s Square on Saturday to pay…

27 mins ago

Effective Measures To Reduce Belly Fat

Excess abdominal fat increases the likelihood of heart disease, type 2 diabetes, and other chronic…

3 hours ago

Pakistan’s Digital Frontline: Jokes, Memes And Savage Self-Roasts

While tensions between India and Pakistan escalate post the tragic Pahalgam terror attack, something unexpected…

12 hours ago

Reliance Industries Q4 Net Profit Rises 6.4% As Retail And Digital Units Offset Energy Weakness

Reliance Industries delivered a strong Q4 FY25 performance, with Y-o-Y net profit rising 6.4% to…

13 hours ago

Yash Pratap Singh And Mehak Jaiswal Top UP Board Exams With Outstanding Scores

Yash Pratap Singh of Jalaun tops Class 10 with 97.83%, while Prayagraj’s Mehak Jaiswal secures…

13 hours ago