Government committed to bringing more reforms: Amit Shah
According to the Central Board of Indirect Taxes and Customs' (CBIC) data, a majority of household items, including flour, cosmetics, televisions and refrigerators, have become cheaper after the GST implementation.
Union Home Minister Amit Shah lauded Prime Minister Narendra Modi on Monday for introducing the Goods and Services Tax (GST), which he said has been effective in reducing the prices of household items, and asserted that the NDA government is committed to bringing more reforms to improve the lives of the citizens.
According to the Central Board of Indirect Taxes and Customs' (CBIC) data, a majority of household items, including flour, cosmetics, televisions and refrigerators, have become cheaper after the GST implementation.
"Standing true to the principles of a people's government, PM Shri @narendramodi ji introduced the GST to give relief to the citizens.
Today, GST has not only given people respite from a multi-layered tax system but also has been effective in reducing the prices of household items.
We are resolved to bring in more reforms to improve the lives of the citizens," Shah wrote on X.
The GST, which subsumed 17 local taxes and fees, was implemented on July 1, 2017.
In nearly seven years, the tax has been reduced on several products and services used by the common people, a report said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 7 Flexi Cap Mutual Funds With up to 52% SIP Return in 1 Year: Rs 20,000 monthly SIP investment in No. 1 fund has generated Rs 3.02 lakh; know about others too
Rs 55 lakh Home Loan vs Rs 55 lakh SIP investment: Which can be faster route to arrange money for Rs 61 lakh home? Know here
09:14 PM IST