New Delhi: Prime Minister Narendra Modi on Saturday said Diwali had arrived early for the people of the country following the GST Council’s sweeping changes to the Goods and Services Tax (GST), slashing tax rates on 27 products and providing relief to small and medium businesses.
On a two-day visit to Gujarat that heads for elections later this year, PM Modi said the changes made to the GST that eases compliance rules was a cause for celebration.
“Diwali has come early for our citizens due to the decisions are taken in the GST Council. We had said we will study all aspects relating to GST for 3 months, including the shortcomings. And thus, the decisions were taken with consensus at the GST council,” PM Modi said.
The GST Council had carried out major changes to the national tax regime introduced in July on Saturday following complaints from businesses and amid criticism from the opposition over the way GST has been implemented.
PM Modi is on a two-day visit to poll-bound Gujarat, where he is slated to inaugurate a number of projects. Earlier in the day, he offered prayers at the famous Dwarkadhish temple.