PM Modi Launches “Next-Gen GST”, Announces Major Tax Reliefs in National Address PM Modi Launches “Next-Gen GST”, Announces Major Tax Reliefs in National Address New Delhi — September 21, 2025: Prime Minister Narendra Modi this evening delivered a landmark address to the nation announcing sweeping tax reforms set to take effect from September 22, ushering in what he called a “GST Bachat Utsav” (Savings Festival). The changes are expected to generate ₹2.5 lakh crore in annual savings for citizens, especially benefiting low-income, neo-middle, and middle-class households. Key Announcements Overhaul of GST Rate Structure The Prime Minister introduced a simplified GST system with primarily two slabs: 5% and 18%. A higher 40% “de-merit” rate will remain for super luxury, sin, and demerit goods. This reform seeks to reduce the burden on daily goods and services, making them more affordable for consumers. Cheaper Essentials Under the new GST regime, items like medicines, insurance, and ...
Telangana News is your blog for the latest updates and stories from all districts of Telangana. Stay informed with comprehensive coverage of regional news, local events, and insightful features that highlight the vibrant culture and developments across the state. Telangana News brings you closer to the heart of the region.
Labels
Labels
Show more
Show less