Sitharaman hails GST cuts as a huge victory; rejects critics’ ‘Gabbar Singh Tax’ jibe
Sitharaman hails GST cuts as a huge victory; rejects critics’ ‘Gabbar Singh Tax’ jibe
Finance Minister Nirmala Sitharaman hailed the latest GST reforms as beneficial for all Indians, reducing the tax burden and stimulating the economy. Almost all items previously taxed at 12% are now at 5%. These changes, effective from September 22, simplify GST and aim to boost demand, fostering trust and propelling India towards its 2047 vision.
Finance Minister Nirmala Sitharaman hailed the latest GST reforms as beneficial for all Indians, reducing the tax burden and stimulating the economy. Almost all items previously taxed at 12% are now at 5%. These changes, effective from September 22, simplify GST and aim to boost demand, fostering trust and propelling India towards its 2047 vision.