Kurukshetra (Haryana) [India], October 16 (HBTV): Haryana Chief Minister Nayab Singh Saini on Monday lauded Prime Minister Narendra Modi for the Goods and Services Tax (GST) reforms, stating that the decision will benefit people across the country.
On the occasion, CM Saini also launched the GST Savings Festival during Shardiya Navratri.
‘Heartfelt greetings and congratulations to everyone on the occasion of Shardiya Navratri and Agrasen Jayanti. Today, Prime Minister Modi has given a very big gift to the people of the country through GST reforms, which has benefited people a lot. We have also launched the GST Savings Festival today,’ Saini told reporters.
The Chief Minister mentioned the reduction in GST on farmers’ equipment, noting that the move will benefit a state like Haryana, where a majority of the population is engaged in agriculture.
‘GST has been reduced on farmers’ equipment, and GST has been set to zero on daily-use items. This decision of Prime Minister Modi will benefit people a lot. GST has been reduced on medicines and insurance,’ Saini added.
He also announced that the purchase of the paddy crop in Ladwa and Mandi has started from Monday.
‘On the occasion of Shardiya Navratri and Agrasen Jayanti, the purchase of paddy crop in Ladwa and Mandi has also started from today,’ the Chief Minister said.
The reform in the GST structure, approved during the 56th meeting of the GST Council earlier this month, has come into effect from today. The current four-rate system has been replaced with a streamlined two-slab regime of 5 per cent and 18 per cent, while a separate 40 per cent slab has been retained for luxury and sin goods.
The new framework is expected to ease compliance, reduce consumer prices, boost manufacturing, and support a wide range of industries—from agriculture to automobiles and from FMCG to renewable energy. It aims to lower the cost of living, strengthen MSMEs, widen the tax base, and drive inclusive growth.
(ANI)