Guwahati, Sept. 4 -- The Bharatiya Janata Party (BJP) in Assam has termed the newly announced Goods and Services Tax (GST) rates as "historic and revolutionary decision," saying that with the newer slabs, people will have more money, increasing their purchasing power.

Assam BJP spokesperson Debojit Mahanta stated that nearly 99% of goods currently taxed at 12 per cent GST would now come under 5 per cent GST.

"As a result, more money will remain in the hands of the common people, thereby increasing their purchasing power," Mahanta said, according to a statement.

He said further that GST, implemented on 1st July 2017, was a reform that consolidated 17 different indirect taxes such as State VAT, Central Sales Tax, Additional Central Excis...