GST helped increase savings of people of the country: PM Modi

The GST regime came into effect in 2017 and was billed as an attempt to simplify the existing tax structure in India, where both the Centre and states levied multiple taxes, and to make it uniform

By: Express Web Desk
New Delhi | Updated: June 24, 2024 05:35 PM IST

1 min read

The PM said that after the introduction of GST, goods for household use have become much cheaper. File photo

Since the implementation of the Goods and Services Tax (GST) in 2017, household items have become cheaper, Prime Minister Narendra Modi said on Monday.

“For us, reforms are a means to improve the lives of 140 crore Indians. After the introduction of GST, goods for household use have become much cheaper. This has resulted in significant savings for the poor and common man. We are committed to continuing this journey of reforms to transform people’s lives, ” the PM said in a post on X citing a media report.

The GST regime came into force after the Constitutional (122nd Amendment) Bill was passed by both Houses of Parliament in 2016. More than 15 Indian states then ratified it in their state Assemblies, after which then-President Pranab Mukherjee gave his assent.

Also Read | Explained: What is the GST Council, and what does it do?

It came into effect in 2017 and was billed as an attempt to simplify the existing tax structure in India, where both the Centre and states levied multiple taxes, and to make it uniform.

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