New GST rates came into effect today. From medicines to toothpaste, the next-gen GST reforms will significantly reduce the prices of all major products used by the common man. Prime Minister Narendra Modi aptly described the reforms as Bachat Utsav (Savings Festival). This festival will enhance savings and make it easier for people to purchase their preferred items. PM Modi noted that the benefits of this savings festival will reach the poor, middle class, neo middle class, youth, farmers, women, shopkeepers, traders, and entrepreneurs alike. He highlighted that for decades, citizens and traders were entangled in a complex web of taxes—Octroi, Entry Tax, Sales Tax, Excise, VAT, and Service Tax—amounting to dozens of levies across the nation. The Prime Minister pointed out that transport

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