The overhaul will cut the top GST rate from 28 to 18 per cent, making cars, air con units and fridges cheaper in a bid to boost consumption
Then Modi, in one of his longest national addresses to date, unveiled a sweeping cut to consumption taxes to rally consumers. “This Diwali, I am going to make it a double Diwali for you,” he declared to millions of television viewers, referring to the major Hindu festival which will be celebrated in October this year.
“We are bringing next-generation GST reforms. This will reduce the tax burden across the country.”
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