Prime Minister Narendra Modi wrote on Monday 22 September open letter to the nation. The first day of celebrations was expanded by greetings and recently the government introduced reforms GST.
The new GST reforms of the next generation came into force on 22 September. Under the revised structure, the previous four -speed GST boards were consolidated into two main categories: 5 % and 18 %.
“This festive season we will celebrate” GST BACHAT UTSAV “! Lower GST rates mean more savings for every household and greater lightness for busines a letter of the nation.
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Here is the complete texts of the open letter PM Modi:
“My colleagues Indians,
When the nation celebrates the beginning of Navaratri, I expand you and your families sincere wishes. May this festival bring everyone good health, happiness and prosperity.
This year the festive season brings another reason to rejoice. Since September 22, GST reforms began to feel their presence and marked the beginning of “GST Bachat Utsav” or “GST Savings Festival” across the country.
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These reforms will increase savings and will be beneficial for every part of society, be it farmers, women, youth, poor, middle class, traders or MSME. They will promote greater growth and investment and speed up the progress of each state and region.
An important feature of the next generation reform is that they will mainly be two boards 5% and 18%.
Daily essentials such as food, medicines, soap, toothpaste, insurance and many other items will now either be without tax or fall at the lowest 5% of the tax board. The goods that were previously taxed to 12%were almost completely shifted to 5%.
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It is very encouraging to see how different traders and traders who report “then and now” records that indicate taxes of preliminary reforms and post-formations.
Over the past few years, 25 people have grown over poverty and created an aspirive class of Novo-Middle.
We have also strengthened the hands of our middle class by massive reducing income tax that provides zero tax up to annual income £12 Lakh.
If we combine a reducing income tax and GST reform next generation, almost savings will be added £2.5 lakh crore for people.
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Your household expenses will be reduced and it will be easier to meet aspirations such as building a house, buying a vehicle, buying appliances, catering or planning a family holiday.
The journey of our nation, which began in 2017, was a turning point in the liberation of our citizens and businesses from the network more taxes.
GST unified the nation economically. “One nation, one tax” brought uniformity and relief. The GST Council has taken many decisions for people with the active participation of the center and states.
Now these new reforms occupy us further, simplify the system, reduce rates and give more savings in the hands of people.
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Our small industries, traders, traders, entrepreneurs and MSME will also see greater ease of business and ease of compliance.
Lower taxes, lower prices and simpler rules will mean better sales, less stress of compliance and growth growth, especially in the MSME sector.
Our collective goal is Vikit Bharat until 2047. To achieve this, it is necessary to walk along the way of self -confidence. These reforms strengthen our local production base and pave the way to Aatmanirbhar Bharat.
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In this festive season, also decide to support products that are produced in India. This means buying Swadeshi products that have sweat and hard work of Indians involved in their production, regardless of the brand or the company that does them.
Every time you buy a product made from our own craftsmen, workers and industries, you help many families to make a living and create job opportunities for our youth.
I recall our traders to sell products produced in India. Let’s say proudly – what we buy is Swadeshi.
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Let’s say proudly – what we sell is Swadeshi.
I also call on state governments to encourage industry, production and improvement of investment climate.
Once again, I wish you and your families a joyful Navaratri and a season full of happiness and savings through the “GST Savings” festival.
May these reforms bring more prosperity to every Indian household.
(Tagstotranslate) navratri
