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GST Rate Cuts Live: What PM Modi said

PM Modi expressed satisfaction over the GST Council’s decisions, highlighting his administration’s commitment to implementing progressive reforms.

Using social media platform X, Modi expressed appreciation for the unanimous agreement between Union and States on GST reforms, emphasising benefits for common citizens, agriculturists, MSMEs and youth. He noted that the Union government had proposed comprehensive GST rate adjustments and procedural improvements aimed at enhancing living standards and economic growth.

The Prime Minister further emphasised that these extensive reforms would enhance citizens’ lives and facilitate business operations, particularly for small-scale traders.

“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.

Glad to state that @GST_Council, comprising the Union and the States, has collectively agreed to the proposals submitted by the Union Government on GST rate cuts & reforms, which will benefit the common man, farmers, MSMEs, middle-class, women and youth.

The wide ranging reforms will improve lives of our citizens and ensure ease of doing business for all, especially small traders and businesses,” PM Modi posted on X.