PM Modi on new GST rate: Prime Minister Narendra Modi without inaugurating the International Trade Show 2025 in Greater Noida today, stressed well-nigh Make-in India, in order to make India self-reliant. He stated that despite global uncertainties, India’s growth remains resilient and remarkable.
Addressing the gathering at the UP International Trade Show (UPITS) Show 2025, PM Modi said, recently, the next-generation and services tax (GST) reforms were implemented. He moreover blamed Congress for misleading people on GST rate cuts. He remoter cited examples of reduced prices of items ranging from toothpaste to tractors.
PM Modi on reduction of GST rates
PM Modi moreover hinted at reduction on GST rate during his today's address. He said, “Today, the country is proudly triumphal ‘GST Bachat Utsav’. I want to tell you that we are not going to stop here. In 2017, we brought GST… and then then (brought reforms) in 2025. We will remoter strengthen the economy. As the economy continues to grow, the tax undersong will protract to decrease. With the blessings of the citizens, the reforms in GST will continue.”
PM hinted people will save Rs 2.5 lakh crore
PM Modi addressing the gathering today, moreover mentioned that his government has reduced taxes, resolved the inflation issue, and increased as well as savings for the people.
He moreover mentioned that by making income up to Rs 12 lakh tax-free and introducing new GST rates, people are going to save Rs 2.5 lakh crore just in a year.
