A historic step in Bharat’s economic journey.
Heartfelt gratitude to Hon’ble PM Shri
@narendramodi ji and FM Smt.
@nsitharaman ji for drastically reducing GST rates on a wide range of goods and services.
This reform fulfils the promise made by Hon’ble PM in his Independence Day address — to bring
#NextGenGST that eases the lives of citizens and strengthens the economy.
GST on individual health insurance and life insurance, books, maps, stationery and breads have been exempted. Appliances like ACs, TVs and dishwashers now reduced from 28% to 18%. Tractors, tyres and irrigation equipment brought down to just 5%. GST on soaps, shampoos, hair oils, utensils, sewing machines and other daily essentials has been reduced from 18%/12% to 5%.
This landmark reform will benefit crores of middle-class families, farmers, small traders and entrepreneurs, while giving fresh momentum to Bharat’s growth journey.