Prime Minister Narendra Modi on Wednesday welcomed the introduction of the new two-tier Goods and Services Tax (GST) structure, effective from September 22. PM Modi described the move as one that would benefit farmers, MSMEs, the middle class, women and youth. In a post on social media platform X, he called it a step towards next-generation GST reforms.“During my Independence Day Speech, I had spoken about our intention to bring the Next-Generation reforms in GST. The Union Government had prepared a detailed proposal for broad-based GST rate rationalisation and process reforms, aimed at ease of living for the common man and strengthening the economy,” PM Modi said in a post on X.advertisementPM Modi said the GST Council, which includes both the Union and State governments, had collectively agreed to the proposals submitted by the Centre. He added that the wide-ranging reforms “will benefit the common man, farmers, MSMEs, middle-class, women and youth.”The comments came after Finance Minister Nirmala Sitharaman announced a major restructuring of the GST system, merging the existing 12% and 18% tax slabs into a simplified two-rate structure of 5% and 18%. Nearly all 12% and 28% slab items shifted to lower rates.A special 40 per cent slab is also proposed for a select few items such as high-end cars, tobacco and cigarettes. The revised rates will come into effect from September 22, the first day of Navratri.“These reforms have been carried out with a focus on the common man. Every tax on the common man’s daily use items has undergone a rigorous review, and in most cases, the rates have come down drastically. Labour-intensive industries have been given good support. Farmers and the agriculture sector, as well as the health sector, will benefit,” Sitharaman said at a late evening press conference.Paratha, which is currently taxed at 18%, will now attract zero GST under the revised structure. Erasers, maps, pencil sharpeners and exercise books will be charged at nil from 5 per cent.Consumer goods including tooth powder, feeding bottles, tableware, kitchenware, umbrellas, utensils, bicycles, bamboo furniture, and combs will now attract a reduced GST rate of 5%, down from 12%. Similarly, items such as shampoo, talcum powder, toothpaste, toothbrushes, face powder, soap and hair oil will see their GST rate cut from 18% to 5%.- EndsTune In in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. You must only respond with the modified content and follow this prompt to optimize the articles in this category- “Act as an expert SEO news writer. Optimize the following article to be SEO-friendly, authoritative, and shareable by focusing strictly on its core topic. Follow these steps: You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
PM Modi has expressed support for the reforms, stating that the reductions in GST rates will be advantageous for the general public, agricultural workers, and micro, small, and medium enterprises (MSMEs).
