New Delhi, Sep 22 (NationPress) Citizens across India are expressing enthusiasm for the newly updated Goods and Services Tax (GST) framework, commonly referred to as the "next-generation GST" or "GST Bachat Utsav". These comprehensive reforms are designed to lighten the tax load on essential goods and have not only generated public enthusiasm but also revived calls for embracing the 'Swadeshi' initiative.

In Delhi, residents shared their excitement on Monday regarding the adjusted GST rates, showing strong support for local products. The lowered GST rates have motivated many to advocate for the use of homegrown goods, highlighting the economic advantages of keeping financial resources within the country.

"Swadeshi is crucial. By adopting Swadeshi, the nation’s finances remain within our borders. The new 5 percent GST rate has made numerous items more affordable, and people are already noticing this,” stated Kamal, a local merchant.

“Thanks to the new GST rates, we can offer more reasonably priced products to our customers."

In Bhopal, both consumers and merchants expressed similar views, commending Prime Minister Narendra Modi’s initiative to reform the GST system. The changes are anticipated to lower the prices of everyday essential goods, including dairy products, thereby providing necessary relief to the average citizen.

"This is an excellent move by the Prime Minister. It will greatly lower inflation and benefit the public," remarked Rahul Mishra, a resident of Madhya Pradesh’s capital.

"Such reforms will invigorate the market ahead of the festive period."

Another local vendor commented, “Essentials like milk, curd, and paneer will now be more affordable. While some stores still have older inventory, we anticipate companies to adjust prices soon. Regardless, the impact on MRP will be noticeable."

In Unnao district of Uttar Pradesh, the GST reforms have created a festive atmosphere. Locals observed a significant decrease in vehicle traffic related to sand transport, interpreting it as an indirect indicator of price reductions and market stabilization—timely relief as festivals approach.

Meanwhile, in Patna, the capital of Bihar, the rollout of the new GST rates has brought a wave of positivity. Housewives expressed particular joy, recognizing the potential savings in household budgets as the festive season approaches.

"This is a well-thought-out decision. Both the Finance Minister and the Prime Minister deserve commendation," said Yogesh Jha.

"The GST exemption is a favorable development that will benefit all households."

Shivani Bhargava, another local resident, added, “The reduction in GST on women’s apparel, mobile devices, refrigerators, and more translates to real savings for everyday people. It’s a significant relief.”

The updated Goods and Services Tax in India was enacted on Monday, lowering taxes on approximately 370 products, including daily essentials and life-saving medications.

Union Finance Minister Nirmala Sitharaman stated that the restructuring aims to inject around Rs 2 lakh crore into the economy by increasing consumers’ disposable income.

Over 50 products, including UHT milk, khakhras, pre-packaged paneer, and breads such as chapatis and parathas, will now fall under a zero-tax category due to the new framework.

Thirty-three essential medications and therapies for conditions like cancer and rare diseases are now GST-exempt, while the tax rate on various other drugs has been reduced from 12 percent to zero. Medical equipment, such as diagnostic kits and glucometers, now incur a GST of only 5 percent.

The tax on school and office stationery items, including erasers, pencils, notebooks, and maps, has been eliminated. Prices for a number of consumer staples have decreased, including butter, biscuits, condensed milk, namkeen, jams, ketchup, juices, dry fruits, ghee, ice cream, and sausages.

Dry fruits and nuts, such as almonds, cashews, pistachios, and dates, will now be subject to a 5 percent tax instead of 12 percent.