“The price cuts must be transferred to Ganta, a confident Fawazle that would be the ordinary man”: FM Sitharaman

Finance Minister Nermalla Sitraman said on Friday that after the start of the GST 2.0 on September 22, the government’s top priority will be to ensure consumers directly from reducing tax rates. Speaking exclusively to India TV today, Setharmann stressed that strict monitoring will verify whether the industries, including insurance, are transferring these benefits completely to people.

“Our main focus will be on ensuring the transfer of price cuts to Ganta. We have a lot of work after September 22. It is a big exercise and we are confident that the benefits will reach the average man.”

According to the Minister of Finance, the representatives of the industry, including insurance companies and public sector companies, have committed to passing the benefits. “If any company says otherwise, we will talk to them. Consumption will increase, as well as income,” I noticed.

Sitharaman highlighted that GST 2.0 has been organized with the middle class in its essence. “The ordinary man and the middle class – their basic necessities and aspirations indicate the main focus of goods and services tax reforms,” ​​I noticed.

FM Sitharaman added that Prime Minister Narendra Modi’s campaign for commodity and services tax reforms stems from his commitment to reducing the tax burden on ordinary citizens. She noted that the PM MOMI has put clear trends for GST 2.0 in the Independence Day letter from the red fort, describing the reforms as a measure made for “140 crimes from the Indians.”

Earlier this week, the Commodity and Services Tax Council, headed by Sitharaman, approved a great renewal of the indirect tax system in India. Starting on September 22, the structure will be simplified to only two panels – 5 % and 18 % – from the previous four. Tax taxes such as food, education, health care and famous consumer negatives such as televisions and refrigerators will be imposed at lower rates, while high and sinful goods are transmitted to a 40 % category.

Reforms reduce taxes on many basic elements of middle -class families. Products such as small cars, LED TVs, air conditioners, chocolate, cinema tickets and stationery will decrease 18 %. Daily basics, such as soap, shampoo, toothpaste, games, candles, shaving groups to 5 %, have been reduced from previous rates of 12-18 %. Health care has also received a large boost, with life insurance and health insurance premiums exempt from commodity and services tax. In addition, 33 critical drugs for cancer and rare diseases are tax -free, while diagnostic groups, heat standards, and common drugs will attract only 5 %.

In response to the criticism of the opposition, including the description of the former Congress of GST as a “Singh Dust Tax”, Ceramman said: “Congress, which imposed a 91 % tax, is now calling for goods and services tax names. GST 1.0 was unit, GST 2.0 was simplicity, and the third stage will take this simplicity forward.”

It also dealt with regional concerns that were raised during the consultations. In Pihar, GST 2.0 was described as “Double Dhamaka” before Christh and Diwali, noting the tax exemption on education expenses and home expenditures. In Tamil Nadu, she made it clear that continuous education is still exempt, but trade training is not included in this category.

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