New Delhi: Prime Minister Narendra Modi on Monday wrote an open letter to citizens, hailing the launch of the ‘GST Bachat Utsav’ and calling it a new era of savings for households and businesses. The initiative comes with the rollout of next-generation GST reforms from Monday. Extending greetings for Navaratri, the PM said the new reforms bring “an added reason to rejoice” during the festive season. “Lower GST rates mean more savings for every household and greater ease for businesses,” he wrote.

The Prime Minister said the reforms will benefit all sections of society, including farmers, women, youth, the poor, middle class, traders and MSMEs.

The next-generation GST overhaul simplifies taxation into mainly two slabs — 5% and 18%. Essential goods such as food, medicines, soap, toothpast

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