‘GST Savings Festival’ From Tomorrow, All Sections Will Benefit: PM Modi In Address To Nation
Prime Minister Narendra Modi on Sunday announced a “GST Bachat Utsav” (GST Savings Festival) starting tomorrow, coinciding with the first day of Navratri and the rollout of major GST 2.0 reforms . In a televised address to the nation, the Prime Minister described the new tax regime as a “next-generation reform” that will provide a “double bonanza” for the poor and middle class, increasing their savings and boosting the entire economy .
“From the first day of Navratri, the country is taking another important step towards an Atmanirbhar Bharat. Starting tomorrow, the next-generation GST reforms will be implemented… The ‘GST Bachat Utsav’ will also begin, which will increase your savings,” PM Modi said .
He highlighted that the reforms will make it easier for people to fulfill their dreams and will accelerate India’s growth story by simplifying business and making investment more attractive . The Prime Minister stated that the combined benefit of the GST cut and earlier income tax reductions would result in savings of Rs 2.5 lakh crore for the people .
Reflecting on the pre-2017 tax system, PM Modi recalled the complex web of levies like octroi, entry tax, sales tax, and VAT that entangled citizens and traders. He emphasized that the new reforms would eliminate these hurdles, streamlining the transport of goods and improving the ease of doing business across the country .
“Tyohaaro ke iss mausam mein sabka muh meetha hoga. Desh ke har pariwar ki khushiya badhegi (In this festive season, everyone will have a reason to celebrate. The happiness of every family in the country will increase),” he added, extending his best wishes for the reforms .
Following the Prime Minister’s address, the BJP announced it would observe a seven-day-long ‘GST Savings Festival’ starting Monday . The party has instructed all its MPs to conduct daily foot marches in marketplaces, meet with shopkeepers, and distribute placards with the slogan, ‘Say with pride, this is swadeshi,’ to promote the ‘Made in India’ initiative