By Martin Shwenk Leade

Copyright indiatimes

PTIPrime Minister Narendra Modi addresses the nation on the eve of Navratri, the day from when the new GST rate cuts will kick in.

On the eve of a sweeping overhaul of India’s tax regime, Prime Minister Narendra Modi on Sunday said the next generation of GST reforms will “accelerate India’s growth story,” ease doing business, and bring relief to the poor and middle class.These GST reforms, announced September 3, are set to take effect on Monday, September 22. In a televised address to the nation, Modi framed the rollout as a historic step, tying it symbolically to the start of Navratri. “From the first day of Navratri, the country is moving a step forward towards atmanirbhar Bharat,” he said, adding that the “GST Bachat Utsav” would begin from September 22. The Prime Minister termed the UPA era tax regime as a ‘complex, fragmented’ one, before GST’s first implementation in 2017, saying that companies faced dozens of levies, endless paperwork, and delays at inter-state checkposts. “If it had to send goods to Hyderabad, 570 km away from Bengaluru, it would prefer sending its goods to Europe, and then to Hyderabad,” he stated, stressing why reforms were necessary.Also read: What can be made in India should be made within India itself, says PM Modi on ‘Atmanirbhar Bharat’ missionLive Events Calling the rollout a “savings festival” for Indian households, Modi urged people to see the reforms as an opportunity to celebrate. “You will be able to save and buy your favourite products with ease. In this festive season, everyone will celebrate with sweets,” he said. Asserting that the changes would make India more attractive for global investors and support states in their growth race, Modi also underlined that the reforms are meant to benefit ordinary citizens as much as industry. Here are highlights from Modi’s speech: India was dealing with different kinds of taxes from service to numerous others Countless difficulties, including endless forms were to be filled back then When India took its first step toward GST reform in 2017, the country saw the beginning of a new historic system These reforms will accelerate India’s growth story Will make business easier, investments attractive And will support all states in the race of development These reforms will bring with them a major relief for all Indians–including the poor and the middle classYou will be able to save and buy your favuorite products with easeIn this festive season, everyone will celebrate with sweetsIn a way, from tomorrow the GST Savings Festival is going to beginFrom tomorrow onwards, 22 Sept, since sunrise, next gen GST reforms will come into placeIn a way, from tomorrow, GST BACHAT UTSAV is beginningGST bachat utsav will start from tomorrowFrom the first day of Navratri, the country is moving a step forward towards atmanirbhar BharatTomorrow marks the beginning of NavratriI wish everyone on this auspicious occasionFrom day 1 of Navratri, India is going to take an important stepIf it had to send goods to Hyderabad, 570 km away from Bengaluru, it would prefer sending its goods to Europe, and then to HyderabadDozens of tax were making the tax system complex For transporting goods from one state to another, many checkposts had to be passed, there were many hurdlesIt was necessary to pull India out of this problemIndian made goods were of a superior quality. We have to gather that reputation backMade in India goods should be accepted worldwide, should surpass all parameters and quality standardsIndia’s development will get a boost through domestic production (swadeshi)if we add income tax and GST relief, the country’s people will save more than Rs 2.5 lk cr in a yearFor vikist bharat, we need to be on the path of Aatmanirbhar bharat. For this MSMEs are importantThe goods that can be made in India, should be made in IndiaMSMEs and small biz will benefit a lot, their biz will get a boost, they will have to pay lesser taxesModi has a lot of hopes from MSMEs and small businessesNext gen gst reforms is a reflection of this principleIncome tax + gst reforms: These two decisions will help citizens save Rs 2.5 lakh croreThe govt made upto 12 lakh income tax free as a gift to middle classMaking life of middle class easier and simplerNeo middle class? yeh bol the hain modiji?The poor and neo middle class have gotten a double bonanza99% products have been placed in 5% slabWhen time changes, country’s needs change, next gen reforms are essentialFor India’s present needs, and future aspirations, new gst reforms are coming into effectNow only 5% and 18% slabs will be in placeDaily consumer goods will get cheaper – food products, medicines, soap, health and life insurance and many more goods and services will either be tax-free or under 5% slabWe made India free of dozens of taxes, bringing “one nation, one tax”When time changes, next-gen reforms are neededIt was necessary to pull India out of this problemWhen you gave us this opportunity in 2014, we made GST our priorityWe should buy products that are Made in India–ModiWe have to decorate every shop with ‘Made in India’ goodsI urge all state governments to boost manufacturing in their states under this atmanirbhar abhiyanMake environment for investmentAdd as a Reliable and Trusted News Source Add Now!
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Read More News onGST reformsModi addressGST Bachat Utsavtax system overhaulIndia growth storyatmanirbhar Bharatinvestment attractionpoor citizens benefitsNavratri celebrationGovernment of India

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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onGST reformsModi addressGST Bachat Utsavtax system overhaulIndia growth storyatmanirbhar Bharatinvestment attractionpoor citizens benefitsNavratri celebrationGovernment of India(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless

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