What is the ‘GST Utsav’ Starting Tomorrow? A 'Festival of Savings' for All?
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Synopsis
Prime Minister Narendra Modi has announced the launch of a nationwide 'GST Utsav', coinciding with the start of Navratri. This initiative, set to take effect from September 22, promises lower prices on a wide range of goods, benefiting citizens from various demographics, including families and farmers.
Key Takeaways
- Launch of 'GST Utsav' on Navratri's first day.
- New GST rates effective from September 22.
- Dual GST slab structure of 5% and 18% introduced.
- Direct benefits for common citizens, farmers, and MSMEs.
- Significant indirect tax reform since GST's introduction in 2017.
New Delhi, Sep 21 (NationPress) Prime Minister Narendra Modi has officially introduced a nationwide "GST Utsav", commencing on the first day of Navratri, which falls on Monday. He described this initiative as a festival of savings for the citizens of India.
During his address to the public, the Prime Minister emphasized that starting September 22, consumers will be able to purchase their preferred products at reduced prices due to the implementation of new GST rates.
According to PM Modi, "Next Gen GST reforms" will commence tomorrow, marking what he termed a "GST saving festival".
He remarked, "From tomorrow, you can easily acquire your favorite items. This is a GST saving festival for every Indian."
PM Modi highlighted that the recent GST rate reductions are delivering dual benefits to the underprivileged and the emerging middle class.
Wishing the public well for Navratri, he stated that the updated GST reforms will directly assist the common populace, including farmers, MSMEs, middle-class families, women, and the youth.
The government had previously announced on September 4 a reduction in GST rates affecting a broad array of products, from vehicles to everyday consumer goods.
This initiative marks the most significant indirect tax overhaul since the introduction of the Goods and Services Tax in July 2017.
The new framework, often referred to as GST 2.0, features a dual-slab system of 5 percent and 18 percent, alongside an additional 40 percent rate applicable solely to super luxury, sin, and demerit goods.
These reforms received approval from the GST Council during its 56th meeting, where a consensus was reached between both the Union and state governments.
Earlier in the day, the Prime Minister’s Office had announced via X that PM Modi would address the nation at 5 p.m.
In his address, PM Modi stressed that these reforms exemplify the collaborative spirit between the central and state administrations.
He stated that the new tax structure is expected to lower prices, stimulate industrial growth, and bolster India’s economy.
Point of View
I believe the launch of 'GST Utsav' symbolizes a significant step towards economic relief for the common man. This initiative aims to alleviate financial burdens while fostering a spirit of collaboration among the government tiers. It is a positive move for the nation, especially during festive times.
NationPress
22/09/2025
Frequently Asked Questions
What is GST Utsav?
GST Utsav is a nationwide initiative announced by PM Modi, starting on the first day of Navratri, aimed at providing savings through new GST rates.
When does the GST Utsav start?
The GST Utsav commences on September 22, coinciding with the first day of Navratri.
Who will benefit from the GST rate cuts?
The new GST rate reductions will benefit common citizens, farmers, MSMEs, middle-class families, women, and youth.
What are the new GST rates?
The new GST framework features two main slabs, 5% and 18%, with an additional 40% rate for super luxury goods.
How does this impact the economy?
The introduction of the GST Utsav is expected to lower prices, promote industrial growth, and strengthen India's economy.
