GST Reforms To Boost Savings, Empower Citizens: Lanka Dinakar
Nellore: The new generation GST reforms within the scope of ‘Super GST – super savings’ initiative will play an important role in realizing Prime Minister Narendra Modi’s vision of Bharat. ”
Dynacar stressed that 90 percent of the GST 2.0’s Indian households will increase the purchase power, reduce the cost of basic metales and services and increase consumer savings especially in front of Dasara and Diwali festivals.
The authority called on the benefits of tax cuts to consumers and emphasized that the GST officials and the consumer commission should protect the interests of poor and middle class families.
The GST Council’s tax signs have doubled the rationalization decision from four categories (5%, 12%, 18%, 28%) to two (5%and 18%) from 22 September.
Prime Minister Narendra Modi and Finance Minister Nirmala Sithaman’a thanked for reform, while at the same time, Prime Minister Nara Chandrabababu Naidu’yu Andhra Pradesh’i to make a decision to support the GST reforms accepted.
Pointing to the impacts immediately, Dynacar said that more than 30,000 Maruti small cars were sold on the first day of new tax rates.
Insurance premiums, foodstuffs, life -saving drugs, educational books, tractors and cement will become cheaper under the revised GST structure, he said. The authorities were instructed to prepare graphs showing price reductions in basic substances such as milk, lor and ghee for the awareness of the public.
Dynacar also emphasized how to finish the great national development attempts through January to double the defense budget of rationalized tax collections and expanding LPG connections to large scale electrification, rural houses, infrastructure upgrades, infrastructure subsidies, farmer subsidies and direct transfers.
He stressed that GST reforms are not only about taxation, but also the ease of doing business and to provide affordable access to basic goods and services for citizens.
Nellore was organized jointly by the Seminar, Commercial Tax Department, Nellore Branch of Certified Public Advisors and Nellore Tax Bar Association.
RTC Regional President Sannapareddy Surresh Reddy, Commercial Taxes Joint Commissioner Kiran Kumar, Additional Commissioner Satya Prakash, President of the Association of Certified Financial Advisors Haima Hasini and Tax Bar Association President Subbarao attended.
