“People Will Save Money On 99% of Daily Use Items”, Ashwini Vaishnaw Hails GST Reforms|Republic World

Upgraded 22 September 2025 at 14:48 IST

As the Goods and Services Tax (GST) reforms enter into impact on Monday, Union Minister Ashwini Vaishnaw revealed thankfulness to Prime Minister Narendra Modi and stated that the relocation will result in cost savings in homes.

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“People will save money on 99% of daily use items,” Ashwini Vaishnaw|Image: ANI

New Delhi: As the Goods and Services Tax(GST )reforms enter result on Monday, Union Minister Ashwini Vaishnaw revealed appreciation to Prime Minister Narendra Modi and stated that the relocation will cause cost savings in homes.

Ashwini Vaishnaw satisfied store owners in the nationwide capital and raised awareness relating to the next-generation GST reforms.

Speaking with the media, he stated, “I want to wish everyone for Navratri. PM Narendra Modi has taken a historic decision to reduce the tax slabs, which will help every household save. Bachat mahotsav has begun. Shopkeepers and customers both are very happy…People will save money on about 99 per cent of the daily use items. I thank PM Modi for this.”

“We need to make one more resolution to use swadeshi as much as possible in our day-to-day life,” he included.

Today onwards, the previous four-slab system has actually been changed with a structured two-slab routine of 5 percent and 18 percent. A different 40 percent piece has actually been kept for high-end and sin products.

Products like Ultra-High Temperature (UHT) milk, pre-packaged and labelled chena or paneer, and all the Indian Breads will see NIL rates, while the GST on family products like soaps, hair shampoos, tooth brushes, tooth paste, tableware, and bikes now stands at 5 percent.

Earlier today, Prime Minister Narendra Modi hailed the rationalisation of GST, calling it a “double bonanza” offered to individuals throughout the season of celebrations.

“From today, next generation GST reforms have been implemented, and GST Bachat Utsav has started. On the occasion of festivals, the people have gotten a double bonanza,” the Prime Minister stated while dealing with a public occasion in Itanagar.

While going to a ‘GST Bachat Utsav’ occasion in Itanagar, the Prime Minister consulted with numerous craftsmens and market leaders in the state. He met business owners who are offering regional items, from packaged milk to food products, and highlighted the ‘swadeshi’ items of the nation.

He likewise handed them placards of ‘Garv se Kaho Yeh Swadeshi Hai’. The store owners were extremely delighted on getting them and stated that they would put these placards on their stores.