Lucknow, September 24: Chief Minister Yogi Adityanath held a press conference on the GST reform at Universal Booksellers in Hazratganj, Lucknow, on Wednesday.
He said that the reduced GST rates are providing significant benefits to all segments, including consumers, traders, and entrepreneurs. While this reform has provided relief to consumers, it has also strengthened the market and paved the way for employment generation.
He said that being the country’s largest state in terms of consumers, the GST reform will benefit the traders and customers of Uttar Pradesh the most.
A major step during the festive season, the Chief Minister informed that the GST has been reduced to zero on notebooks, pencils, and other educational materials for students. Similarly, most essential household items have been brought under the zero or 5 percent tax bracket. 33 life-saving medicines have also been completely exempted from GST.
He stated that increased consumption in the market has led to increased production. This has benefited both traders and entrepreneurs, and opened up new employment opportunities for youth. This significant step has brought relief to consumers during the festive season.
Chief Minister stated that Uttar Pradesh is the country’s largest consumer state, and this reform will significantly strengthen its economy.
Chief Minister stated that after the implementation of GST, national collections have increased from โน7 lakh crore to โน22 lakh crore, while in Uttar Pradesh, it has increased from โน49 thousand crore to over โน1.15 lakh crore.
A major step towards providing relief from inflation: Before the press conference, the Chief Minister met with traders and consumers in Hazratganj Market. During the meeting, he distributed pamphlets and banners related to the GST reform.
Chief Minister also interacted with shopkeepers and customers. Traders and consumers expressed their gratitude to Prime Minister Narendra Modi and the Finance Minister.
CM Yogi said that these reforms were extremely necessary for the Indian economy and would prove to be a big step towards providing relief to the country from inflation