GST reforms will benefit people, strengthen tax structure: Modi
New Delhi: Prime Minister Narendra Modi on Friday asserted that the reforms introduced in the Goods and Services Tax slabs by the GST Council will be beneficial for the citizens and will strengthen the tax structure.
"The recommendations made by the GST Council today will further benefit our citizens and add strength to the GST. These recommendations are in spirit of the continuous feedback we are getting from various stakeholders on GST," Modi said in a series of tweets.
In another tweet, he said: "Jan Bhagidari is at the core of our working. All our decisions are people-inspired, people-friendly and people-centric. We are working tirelessly for India's economic integration through GST."
In a major revamp of the GST tax structure, the GST Council on Friday removed 178 items from the highest 28 per cent category while cutting the tax on all restaurants outside starred-hotels to 5 per cent but withdrawing input credit facility for them. Industry welcomed the changes saying these would boost consumer demand.
Only 50 products, including luxury and sin items, white goods, cement and paints, automobiles, aeroplane and yacht parts have been retained in the top 28 per cent slab.