PM Narendra Modi’s GST 2.0 Reforms

• PM Narendra Modi announces new GST rates effective from the first day of Navratri.

• The new rates of 5% and 18% will be effective from the first day of Navratri.

• The reforms aim to support India’s progress in the 21st century and provide savings for the common family.

• The reforms will also strengthen the new economy.

• The BJP-NDA government aims to ensure household savings, benefiting all classes.

• The new rates will attract 18% tax on items like building a house, AC, TV, fans, and agricultural items.

• The reforms will also reduce tax on fitness, gym, salons, and yoga.

• The reforms will add five new gems to India’s vibrant economy, improving the quality of life of Indian citizens, boosting consumption and growth, and strengthening cooperative federalism.

Indian Taxation Overhaul is important topic for Civil service exam (WBCS).

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