GST 2.0 Reforms Impact: Following the central government’s GST reform, the common people are set to receive significant relief. Regarding this, Union Minister Ashwini Vaishnav, while addressing the reporters at the party headquarters, praised the GST reforms. He stated that work on the GST reforms began about one and a half years ago, and it has nothing to do with any external factor. GST changes can increase GDP by Rs 20 lakh crore. GST reforms were done under PM Modi’s clear goal of reform, perform, and transform. GST reforms will start a change in the country.
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How was the situation before GST
At the same time, Minister Ashwini Vaishnav, while clearly explaining the US tariff on the country’s goods, said that the process of reforms in GST is very easy. Earlier, trucks loaded with goods had to stand in long queues at the state borders for approval. Since then, those bills have been made in a few seconds. The relief given in income tax in the budget of 2025 to 2026 and the proper implementation of GST rates are expected to take the country’s economy to a new level. Before the year 2014, this system was very difficult, but now an attempt has been made to make it much easier.
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GST rates will be implemented in the first Navratri
The minister said that under the generation reforms, an attempt has been made to reduce GST on all daily-use items. PM Modi had promised the people from the Red Fort, which has been fulfilled. After this, the minister said that all kinds of changes in GST rates will be implemented from the first day of Navratri on September 22. GST reform will take the country’s economy further. At present, the country’s GDP is around Rs 3.30 lakh crore. Out of which Rs 2.02 lakh crore is our consumption. Even if the consumption increases by 10 percent, there will be an extra consumption of Rs 20 lakh crore, which will contribute to the GDP.