GST Bachat Utsav begins with GST 2.0 reforms—lower tax slabs, cheaper essentials, and higher savings for all Indians. Learn new GST benefits and PM Modi’s address at quickjobalert.in.
GST Bachat Utsav & GST 2.0 Reforms Begin on Navratri: PM Modi Announces Cheaper Goods, Higher Savings for All
On the eve of Navratri, Prime Minister Narendra Modi addressed the nation to launch two monumental events—the devotional Navratri festival and the new GST Bachat Utsav, ushering in the next-generation GST 2.0 reforms. This twin celebration promises not only spiritual prosperity but also economic relief and consumer benefits for crores of Indians. quickjobalert.in
Key Highlights of GST 2.0 Reforms
- Effective From: Day 1 of Navratri (tomorrow)
- GST Slab Changes: 12% and 28% tax slabs abolished; now only 5% and 18% apply to all items and services (except luxury/sin goods)
- Cheaper Essentials & Services:
- Daily essentials like coffee, ghee, biscuits, and oil become cheaper
- New cars and medical insurance premiums also become more affordable
- Public Savings: These reforms, combined with earlier income tax exemptions, are estimated to save households a collective ₹2.5 lakh crores in one year
Prime Minister’s Vision: Boosting Atmanirbhar Bharat
PM Modi greeted the nation for Navratri, stating that India is taking a “big step towards Atmanirbhar Bharat” with the rollout of next-generation GST reforms. The GST Bachat Utsav is intended to drive up consumer savings and make favorite items more accessible during the festive season. The Prime Minister said these reforms will:
- Accelerate India’s growth story
- Boost ease of doing business
- Attract greater domestic & foreign investment
- Ensure equal partnership of all states in national development
“Your savings will go up and you can buy your favourite items easily… the poor, the middle class, youngsters, women and traders would benefit immensely from the GST reforms,” PM Modi assured. quickjobalert.in
Why GST 2.0 Matters
The 2017 introduction of GST aimed to untangle India’s complex tax web. The latest round of reforms reflects ongoing evolution—simplifying taxes, expanding exemptions, and responding to citizens’ needs as times change. GST 2.0’s removal of higher slabs ensures that nearly all products and services are taxed more simply, while luxury and “sin” goods still receive higher rates.
Double Bonanza: GST Bachat & Income Tax Benefits
- Tax Benefits: Earlier this year, significant income tax relief was announced. Now, with GST slab changes, households are expected to reap a “double bonanza”.
- Savings Potential: According to PM Modi, the twin tax reforms are projected to save Indian consumers over ₹2.5 lakh crores annually—this makes a remarkable impact on everyone’s budget during the festive season. quickjobalert.in
Make in India Push: Promoting Swadeshi
The Prime Minister also emphasized the “Make in India” vision, encouraging citizens to embrace Swadeshi (locally made) products. “Every home should be a Swadeshi symbol, every shop decorated with Swadeshi products. Proudly say ‘I buy Swadeshi, I sell Swadeshi’,” Modi urged, reinforcing the link between economic reform and national pride.
GST Bachat Utsav: What Should Consumers Expect?
- Big discounts on essential goods and select consumer durables
- Lowered GST rates on several daily-use items
- Increased ease & transparency in buying goods, boosting confidence for shoppers nationwide