New Delhi, Sept. 4 -- Union Finance Minister Nirmala Sitharaman on Wednesday, September 3, announced significant GST reforms. Finance Minister's reply to a journalist's reference to 'Gabbar Singh tax' and the increase in maximum tax slab from 28% to 40% rate ignited reactions online.

Nirmala Sitharaman said, "Is the Congress Party demanding five per cent tax on tobacco and gutkha? Congress Party wants us to give it at 5%. Congress Party considered impossible to implement GST during their time. We have implemented and are also doing second-generation reforms under the leadership of Modi ji so that people get relief on their day-to-day items," ANI reported.

She added, "MSMEs and labour-intensive units also get relief, due to which there w...