Bengaluru, Sept. 4 -- union Minister HD Kumaraswamy today hailed the Narendra Modi government's decision to implement major reforms in the Goods and Services Tax (GST) system, calling it a "historic Diwali gift to the nation."In a statement, Kumaraswamy said that under the leadership of Prime Minister Narendra Modi, the union Cabinet has approved the "next-generation GST reform," which is a transformational step towards easing the lives of citizens and strengthening the vision of Atmanirbhar Bharat.
The Minister noted that the new structure will simplify GST into just two slabs - 5 per cent and 18 per cent. Essential items of daily life, healthcare, education, agriculture, and automobiles will become more affordable under the new regime, h...