Next-Gen GST 2.0 : PM Modi Promises Double Benefits for Poor and Middle Class

Next-Gen GST: PM Modi Promises Double Benefits for Poor and Middle Class
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PM Modi: Next-Gen GST Gives Double Bonanza to Poor and Neo Middle Class

New Delhi: On the first day of Navratri, Prime Minister Narendra Modi addressed the nation at 5 PM on Sunday, delivering a festive message of reform and self-reliance. He announced the rollout of a new phase of GST reforms, calling it a milestone in India’s march toward Atmanirbhar Bharat.

Beginning September 22, the Prime Minister said, India will enter a new era of “Next-Generation GST Reforms” designed to simplify taxation, reduce prices, and accelerate growth. Modi described the move as a “GST Bachat Utsav”—a savings festival for every citizen.

Key Highlights from PM Modi’s Announcement:

  • Simpler Tax System: The GST structure will now have just two slabs, replacing the complex multi-rate system.

  • Cheaper Essentials: Food, medicines, and life insurance will cost less, with 99% of items previously taxed at 12% now under 5%.

  • Middle-Class Relief: From homes and cars to TVs, refrigerators, and even travel, expenses will drop significantly.

  • Boost to MSMEs: Small businesses and cottage industries will gain from reduced tax burdens, enabling expansion and innovation.

  • Economic Growth: The reforms are aimed at faster growth, equitable state development, and increased investment.

  • ‘One Nation, One Tax’ Realized: Modi declared the long-cherished dream fulfilled with this reform.

  • Swadeshi Push: The PM urged citizens to prefer Indian-made goods, underlining that “what India manufactures must be world-class.”

Calling citizens the center of governance with the motto “Nagrik Devo Bhavo” (Citizen is God), Modi said the reforms are not just economic but also a cultural commitment to self-reliance, cooperation between states and the Centre, and pride in Indian manufacturing.

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