Modi government gave a bumper gift to the countrymen, GST on these essential items was reduced to 0%..

The Modi government has taken a big step to simplify the tax system in the country and provide direct benefits to the people. In the 56th meeting of the GST Council, it was decided to remove GST on many essential everyday items and services, which will have a positive impact on the pockets of the general public. This meeting was chaired by Union Finance Minister Nirmala Sitharaman. Along with changes in tax rates in the meeting, work is also being done rapidly to simplify the tax slab again.

Now there will be no GST on these things.
The Finance Minister informed after the meeting that now there will be no tax on ultra-high temperature (UHT) milk, chenna, and paneer. Earlier, 5% GST was levied on them. Apart from this, Indian breads like roti and chapati have also been exempted from tax. A decision has also been taken to impose zero tax on services like education-related materials and health insurance. The goods and services which are now under the 0% tax bracket mainly include-

Farmers will get tremendous benefits from the change in GST; all these goods will become cheaper.

UHT Milk (Ultra-High Temperature Milk)

Chhena and Paneer

Indian breads like roti and chapati

Individual health and life insurance policies

Maps, charts, and globes

Life-saving medicines

Stationery items: Exercise books, notebooks, pencils, sharpeners, and erasers

These are the things that are directly related to the life of every common man, and their prices may come down due to the removal of tax.

Major change in tax slab

The GST Council has also taken an important step towards making the tax system simple and transparent. The 12% and 28% tax slabs have been abolished. Now, most of the goods will remain in only a 5% or 18% slab. With this change, some things may become cheaper for the middle class.

Businessmen also got big relief.
In this meeting, relief was also given to small and medium-sized businessmen along with common people. There was a discussion on simplifying the rules of GST and simplifying the process of tax filing. This will make registration and filing returns much easier for businessmen. Experts say that the change in tax slab and excluding essential items from GST is a part of the government's big plan, which wants to make the tax system simpler, fair and take it towards development.

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