What is ‘GST Utsav’ Launched by PM Modi?
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Synopsis
Prime Minister Narendra Modi has declared the launch of 'GST Utsav', coinciding with the start of Navratri, and labels it a festival of savings for Indians. With new GST rates taking effect, citizens can expect lower prices on a variety of goods, benefiting the economy and everyday consumers. This initiative aims to support the middle class and small businesses.
Key Takeaways
- Launch of 'GST Utsav' coincides with Navratri.
- New GST rates effective from September 22.
- Focus on saving for everyday consumers.
- Benefits target middle class and small businesses.
- Represents a major reform in India's taxation system.
New Delhi, Sep 21 (NationPress) Prime Minister Narendra Modi revealed the initiation of a nationwide ‘GST Utsav’ starting from the first day of Navratri, describing it as a festival of savings for the citizens of India.
In his address to the nation, the Prime Minister stated that beginning September 22, individuals will have the opportunity to purchase their beloved products at reduced prices as the new GST rates come into effect.
“The next generation of GST reforms will commence tomorrow, marking a GST saving festival,” PM Modi emphasized.
“Starting tomorrow, you will find it easier to purchase your favorite items. This is a GST saving festival for every Indian,” the Prime Minister added.
PM Modi mentioned that both the underprivileged and the emerging middle class are receiving dual benefits following the GST rate cuts.
He extended his best wishes to the public on the occasion of Navratri, asserting that the new phase of GST reforms will provide direct advantages to the common people, farmers, MSMEs, middle-class families, women, and youth.
The government had previously announced GST rate cuts on September 4, affecting a broad spectrum of products—from automobiles to everyday consumer goods.
This reform represents the most significant change in indirect taxation since the Goods and Services Tax was introduced in July 2017.
The revised system, commonly referred to as GST 2.0, features a two-slab structure of 5 percent and 18 percent, with an additional 40 percent rate applied exclusively to super luxury, sin, and demerit goods.
The reforms received approval from the GST Council during its 56th meeting, achieving a consensus between both the Union and state governments.
Earlier that day, the Prime Minister’s Office announced on X that PM Modi would address the nation at 5 PM.
Throughout his speech, PM Modi highlighted that these reforms exemplify the cooperative relationship between the Centre and the states.
The Prime Minister asserted that the adoption of the new tax structure will lead to reduced prices for goods, stimulate industry, and fortify India’s economy.
Point of View
It's crucial to recognize the implications of PM Modi's announcement regarding 'GST Utsav'. This initiative not only marks a significant reform in the Indian tax system but also aims to alleviate financial burdens on citizens during a festive period. The cooperative efforts between the Centre and states reflect a unified approach towards economic growth, which will likely resonate positively across various demographics.
NationPress
22/09/2025
Frequently Asked Questions
What is 'GST Utsav'?
GST Utsav is a nationwide celebration launched by Prime Minister Modi, coinciding with Navratri, aimed at providing savings for consumers through new GST rates.
When does GST Utsav start?
The GST Utsav starts on September 22, coinciding with the first day of Navratri.
Who benefits from the GST rate cuts?
The GST rate cuts primarily benefit the common man, farmers, MSMEs, women, and the emerging middle class.
What are the new GST rates?
The new GST structure includes a two-slab system of 5% and 18%, with an additional 40% rate for luxury and sin goods.
What is the significance of GST 2.0?
GST 2.0 represents a major indirect tax reform aimed at simplifying the tax structure and making goods more affordable.
