CM Naidu releases booklet GST 2.0 reforms on GOs issued in Telugu language

CM releases booklet on GOs issued in Telugu language

Commercial Taxes Department issues 11 GOs in Telugu for first time

GST 2.0 reforms to benefit poor and middle class in a big way

GST reforms to  strengthen Indian Economy

AMARAVATI:Chief Minister N Chandrababu Naidu  released a booklet on the GOs issued in Telugu language as part of GST 2.0 reforms at his camp office here today while reviewing with officials on state taxes.

In a major step towards bringing administration nearer to people the Commercial Taxes Department issued 11 GOs in Telugu language for first time to reach the common man. As a result now people can read Tax GOs in their mother tongue Telugu easily.

It may be noted that as any thing read in their mother tongue reaches heart easily, the innovative move of Commercial taxes department hailed by all the stakeholders in both the Telugu states including thousands of dealers, accountants, officers, staff and professionals, according to Chief commissioner of State Taxes and commercial taxes Babu A.

GST 2.0 reforms to strengthen Indian Economy:

The two tier GST 2.0 next gen reforms which are coming into force from September 21 midnight are going to benefit all sections of people in a big way. The GST 2.0 reforms are expected to further strengthen Indian economy with additional revenue of Rs 2 lakh crore. The next Gen GST reforms introduced with an aim of people first policy will benefit every household, farmers, students and several sectors. The new GST reforms are expected to provide a dividend of Rs 8000 crore to Andhra Pradesh people. The increasing purchasing power with reduced GST will help the growth of MSME sector and employment generation in a big way. The new GST reforms focusing on health of people lifted GST on some of the life saving medicines and health insurance premiums.

The Andhra Pradesh Assembly also passed a resolution supporting the GST reforms and Chief Minister N Chandrababu Naidu said the rationalization of GST structure will directly benefit common man and enhance transparency in tax system. He said the GST reforms will contribute to sustained growth trajectory of Indian economy.

GST reforms to benefit middleclass in a big way:

The new GST reforms  providing a great relief to common man with reduced prices of essential commodities with cut in GST from 18 per cent to 5 per cent. For example the GST on butter, ghee, paneer, soaps, shampoo, toothpaste and hair oil, processed food, biscuits and coffee was reduced to 5 per cent. Pasturised milk, packaged paneer and breads were exempted from GST.

Giving a great relief to middle class sections the GST on two wheelers, small cars, TVs, ACs and cement was reduced to 18 per cent from 28 per cent. Likewise the GST on Sweets, chacholates and ice creams was reduced to 5 per cent.

GST reforms to benefit Agri sector and farmers:

Farmers are going to benefit in a big way with cut in GST from 12 per cent to 5 per cent on agricultural inputs  and tractors. The reduced slabs of GST is expected to increase in sales from 5 per cent to 10 percent and savings of Rs One lakh crore for consumers.

Tourism sector to get boost with GST reforms:

The GST cut in services sector and hotel accommodation is going to bring down hotel tariff and pave way for increase in tourism. The GST on handlooms and handicrafts reduced to 5 per cent to protect the interests of traditional artisans and provide an opportunity for increase in exports of traditional  Yetikoppaka and Kondapalli toys and handlooms.

 

At the outset the GST reforms will help to achieve happy, healthy and wealthy Andhra Pradesh and to establish a zero-poverty state. The GST 2.0 reforms will help to fulfill the ten guiding principles of state government to root out poverty, development of human resources, skill development and employment, water security, farmers welfare, development of logistics, development of handlooms, handicrafts, Swachandhra, according to Chief Commissioner of State Taxes and Commercial Taxes Babu A.