Prime Minister Narendra Modi on Sunday addressed the nation on the issue of GST reforms. He said that these next generation GST reforms will give momentum to India’s economy and the poor, middle class, youth, women, farmers and entrepreneurs of the country will get its benefit. PM Modi said that the new GST rates going to be effective from September 22 are not just tax cuts, but are ‘savings festive’ which will reduce the cost of daily essential commodities and promote consumed development. Read 10 big things about PM Modi’s address …
1. Navratri, the festival of worship of Shakti from tomorrow, is starting. Best wishes to all of you. Since the first day of Navratri, the country is taking another important and big step for the self -sufficient Bharat Abhiyan. Tomorrow, i.e. on the first day of Navratri, on September 22, the Next Generation GST reform will be implemented with sunrise.
2. In a way in the country from tomorrow GST The savings festival is going to start. Your savings will increase in this GST savings festival and you will be able to buy things of your choice more easily. The poor, middle class people of our country, middle class, youth, farmers, women, youth, shopkeepers, traders, entrepreneurs will all benefit greatly of this savings festival. That is, in this season of festivals, everyone’s mind will be sweet.
3. In view of the current needs of the country and future dreams, these new reforms of GST are being implemented. I give a lot of greetings and best wishes to the Koti-Koti family members of the country, and this savings celebration.
4. These reforms will accelerate India’s development saga, increase ease of doing business, attract more investment and ensure that each state becomes equal partners in the development of the nation.
5. Improvement is a continuous process that develops with changing times and the needs of the nation. As the country progresses, the improvement of the next generation becomes necessary. In 2017, India started a transformative journey by implementing GST reforms, ending an era and a new chapter in its economic history.
6. Now under the revised GST structure, only 5% and 18% tax slabs will apply, which will ensure that everyday essential commodities will become more economical.
7. When you gave us the opportunity to serve in 2014, we made GST our priority in public interest. We discussed with every stake holder, we prevented every doubt of every state. Find a solution to every question. Such a big tax reforms of independent India were possible with all the states, everyone. It was a result of the efforts of the Center and the states that today the country became free from dozens of taxes. The dream of One Nation, One Tax came true.
8. Next generation is clearly visible in the GST Reforms ‘Citizen Devo Bhava:’. Which is the need of the people of the country… which we can make in the country… we should make it in the country itself. Just like the freedom of the country got strength from the mantra of Swadeshi… In the same way, the prosperity of the country will also get strength from the mantra of Swadeshi. Let us buy the goods that are made in India … in which the youth of our country are working hard … The sons and daughters of our country are sweated. We have to make every house a symbol of indigenous … Every shop has to be decorated with indigenous.
9. Our micro, small and medium industries will benefit greatly from decrease in GST rates and simplification of policies and processes. These changes will not only increase their sales, but will also reduce their tax burden, which will benefit double. As a result, I have a lot of expectations from the performance and development of our MSME. To reach the goal of developed India, we have to follow the path of self -sufficiency and there is a huge responsibility to make India self -sufficient.
10. I urge all state governments to accelerate manufacturing activities in their respective states and actively support self-reliant India initiative and indigenous program. Focus on creating a favorable environment to attract investment. When the state and the center work together, the dream of self -reliant India will be realized very soon.
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