Modi government's historic decision: Now only two GST slabs in the country 5% and 18%

 

          The Modi government has once again proved that its policies are for the welfare of the people and strengthening the economy. Today, a historic decision has been taken to provide great relief to the countrymen. Now the structure of GST has become even simpler.

From September 22, only two GST slabs - 5% and 18% will be applicable in the country. That is, the rates of 12% and 28% applicable till now have been completely abolished. Both the general public and businessmen will get direct benefit from this.

 What will change? : -12% and 28% slabs abolished

                                    -Most goods and services now included in the rates of 5% and 18%

                                    -Consumers will get cheaper goods

                                    -Traders will get easy and transparent tax system

With this decision, the goods and services used in everyday life will now become more affordable. This step of the Modi government will not only control inflation but will also reduce the burden on the pockets of the people.

The government believes that a simple tax structure will promote investment and business, which will also create new employment opportunities. Easy GST slabs will curb black money and make tax collection transparent.

The goal of Prime Minister Narendra Modi is - "To reduce the burden on the pockets of the people and lay the foundation of a strong India."

This decision is a big step in the same direction, which will accelerate the economy in the coming times and make 'Ease of Doing Business' even simpler. This reform in GST is a proof of the policy of the Modi government, in which public convenience, transparency and economic development are given top priority.