PM Modi Hails GST Reforms, Promises Lower Costs And Bigger Savings

PM Modi welcomed the new GST reforms launched on September 22, calling them a “Bachat Utsav” that will reduce costs and boost savings. The simplified two-rate tax structure (5% and 18%) replaces the previous four-tier system. Modi said the changes will benefit households, traders, MSMEs, and promote Indian-made goods this festive season.