Daijiworld Media Network - Visakhapatnam

Visakhapatnam, Sep 17: Finance Minister Nirmala Sitharaman on Wednesday announced that the new phase of GST reforms — dubbed GST 2.0 — will bring a significant tax reduction that could save Indian consumers up to Rs 2 lakh crore. Speaking at the Outreach and Interaction Programme on Next Gen GST Reforms, Sitharaman stated that these changes would leave more money in the hands of common people, improving both savings and discretionary spending.

The Finance Minister emphasised that the GST Council’s decision is intended to ease the tax burden, increase liquidity in the economy, and simplify the taxation framework. According to her, 99 per cent of goods now fall under the 5 per cent GST slab, which is expected to be especially beneficial for the mid

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