Rajya Sabha MP Leishemba Sanajaoba today lauded Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for the introduction of GST 2.0, calling it a landmark step towards strengthening India’s economy.

Addressing the media at the BJP Manipur Pradesh Office, Sanajaoba said the reform, which simplifies the Goods and Services Tax from a four-tier structure to a two-tier system, would greatly benefit India’s 140 crore citizens.

“Earlier, GST was divided into four slabs—5%, 12%, 18% and 28%. Now, with the implementation of GST 2.0, there will be only two slabs—5% and 18%. This has led to a reduction in prices of nearly 375 items, including automobiles, electronics and pharmaceuticals,” Sanajaoba noted.

Also Read: Manipur police arrest RPF/PLA in major extortion crackdow

See Full Page