GST relief to boost jobs, market growth this festive season: Yogi
LUCKNOW, Sept. 25 -- Two days after the 'Next-Gen GST Reforms' came into effect on the first day of Sharadiya Navratri, chief minister Yogi Adityanath on Wednesday said the reduced rates were significantly benefiting consumers, traders and entrepreneurs.
Addressing a press conference outside Universal Booksellers in the Hazratganj market, the CM said: "The buzz of the Next-Gen GST reforms is resonating across India. From ordinary citizens, consumers, traders and entrepreneurs alike, there is just one voice of gratitude towards the Modi government for the reduced GST rates."
He added that the relief, which kicked in on September 22, had not only eased the burden on households but also strengthened the market ahead of Diwali and the festive season. "The revised GST structure is paving the way for market growth and job creation. Uttar Pradesh, being the country's largest consumer state, will reap maximum benefits," he said. Adityanath pointed out that GST had been reduced to zero on notebooks, pencils and other student essentials, while many household items were now taxed at either zero or 5%. Thirty-three life-saving medicines had also been exempted. "Increased consumption has led to increased production, benefiting both traders and entrepreneurs, and opening up new opportunities for youth," he said.
According to the CM, GST collections nationally have risen from Rs.7 lakh crore to Rs.22 lakh crore, while in Uttar Pradesh the figure has grown from Rs.49,000 crore to over Rs.1.15 lakh crore.
Pamphlets and banners highlighting the reforms were also distributed at the event....
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