New Delhi, September 22 (IANS) With the aim of reducing tax burden on essential commodities, comprehensive reforms not only provoked public optimism, but also called to adopt the ‘Swadeshi’ movement.
In Delhi, local people on Monday expressed enthusiasm for the revised GST slab and gave strong support for homegron products. The decrease in GST rates has encouraged many people to promote the use of indigenous goods, emphasizing the economic benefits of keeping money within the nation.
“Swadeshi is necessary. If we adopt Swadeshi, the country’s money lives within the country. The new 5 percent GST rate has made many products cheaper, and some people are already paying attention,” said a local shopkeeper, Kamal.
“With new GST rates, we will be able to provide cheap products to the public.”
In Bhopal, both consumers and retailers echoed similar feelings, appreciating Prime Minister Narendra Modi’s decision to overhall the GST structure. Changes are expected to reduce the prices of everyday items including dairy products, which gives a very important relief to the average citizen.
Rahul Mishra, a resident of Madhya Pradesh capital, said, “This is a commendable step by the Prime Minister. It will significantly reduce inflation and benefit the general public.”
“This type of reform will brighten the market before the festive season.”
Another local seller said, “Milk, yogurt, cheese – all necessary daily items – now will become more cheap. While some shops still have old stocks, we hope that companies will soon modify prices. Either way, will show the impact on MRP.”
In the district of Uttar Pradesh, GST reform has created a discussion of a celebration. The residents mentioned a sharp decline in vehicle traffic related to sand transport, drop and interpreted it as an indirect signal of market stabilization – a time ahead of festivals.
Meanwhile, in Bihar’s capital Patna, the implementation of the new GST rates brought a visual wave of cheering. Keeping in mind the possible savings in the domestic budget during the upcoming festive season, housewives expressed special happiness.
Yogesh Jha said, “This is a deliberate decision. Finance Minister and Prime Minister play applause.”
“GST discount is a positive step that will benefit every house.”
Shivani Bhargava, a local resident, said, “GST has decreased on women’s clothes, mobile phones, refrigerators, and more. These are real savings for the common people. This is a big relief.”
India’s revival goods and service tax systems were implemented by reducing taxes on around 370 products on Monday, including daily essential and life -saving drugs.
Union Finance Minister Nirmala Sitarman announced that the objective of the overhaul is to inject the disposable income of consumers and inject about Rs 2 lakh crore in the economy.
More than 50 items including UHT milk, Khakras, pre-packed cheese and chapatis and parathas are now under zero-tax brackets due to the new structure.
Thirty -three essential medicines and treatments for conditions, including cancer and rare diseases, are now exempted from GST, while many other drugs have increased the tax rate to 12 percent to zero. Medical devices, such as diagnostic kits and glucometers, now increase GST of only 5 percent.
The levy has been removed on the stationery items for schools and offices including eraser, pencils, notebooks and maps. Prices for many consumers staples have fallen, including butter, biscuits, condensed milk, namken, jam, ketchup, juice, dried fruits, ghee, ice cream and sausage.
Dry fruits and nuts, including almonds, cashews, pistachios and dates, will now be taxed at 5 percent instead of 12 percent.
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JK/VD