Prime Minister Narendra Modi on Monday said lower GST rates mean more savings for every household and greater ease for businesses. He said the reforms will benefit every section of society, be it farmers, women, youth, poor, middle class, traders or MSMEs.

“An important feature of the next-generation GST reforms is that there will mainly be two slabs of 5% and 18%. Daily essentials such as food, medicines, soap, toothpaste, insurance and many more items will now either be tax-free or fall in the lowest 5% tax slab. Goods that were earlier taxed at 12% have almost entirely shifted to 5%," PM Modi said in an open letter to citizens on GST reforms on September 22, shared on X.

This festive season, let’s celebrate the ‘GST Bachat Utsav’! Lower GST rates mean more savings for every househol

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