New Delhi: Prime Minister Narendra Modi addressed the nation on Sunday. During his address, he wished everyone a happy Navratri. The PM said that the next-generation GST reforms will come into effect tomorrow at sunrise.
PM Modi said, “The festival of Navratri begins tomorrow. I extend my heartfelt greetings to all of you. From the first day of Navratri, the country is taking an important step towards a self-reliant India. Tomorrow, with the sunrise on the first day of Navratri, the next-generation GST reforms will come into effect.”
The Prime Minister said, “The ‘GST Savings Festival’ is starting tomorrow across the country. Your savings will increase and you will be able to buy the things you love… The ‘GST Savings Festival’ will benefit all sections of society…”
‘Everyone will have sweets’
PM Modi said, “This festive season will bring sweets to everyone’s mouth. Happiness will increase in every family across the country… I extend my heartfelt congratulations and best wishes to millions of families across the country for the next-generation GST reforms and the ‘Savings Festival’. These reforms will accelerate India’s growth story, simplify business, make investment more attractive, and make every state an equal partner in the race for development…” The Beginning of a New History
In his address, he said, “When India launched the GST reform in 2017, it marked the beginning of changing an old history and creating a new one. For decades, the people of our country and our businesses were entangled in a web of various taxes. Octroi, entry tax, sales tax, excise duty, VAT, service tax—dozens of such taxes existed in our country. We had to cross countless checkpoints to send goods from one city to another…”
This address comes a day before the implementation of the GST rate cuts previously announced by Finance Minister Nirmala Sitharaman. The new GST rates will come into effect from Monday, September 22nd, reducing the prices of many consumer products.
On September 4th, the government announced a reduction in the Goods and Services Tax (GST) rates, which are levied on hundreds of items, from automobiles to daily consumer products. This was India’s biggest indirect tax reform since the implementation of GST in July 2017.
Earlier, the Prime Minister’s Office said in a post on X, “Prime Minister Narendra Modi will address the nation at 5 pm today.”
