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Prime Minister Narendra Modi on Monday said that the upcoming generation of GST reforms will significantly reduce household expenses, helping families save nearly Rs 20,000 annually on spending of Rs 1 lakh towards essential needs. Addressing BJP workers after inaugurating the Delhi BJP office, Modi said the BJP-led NDA government has delivered a "new model of good governance" that prioritises service ('seva') over power ('satta'). He urged party cadres to spread awareness about the benefits of
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FAQ :
Families could save nearly £20,000 annually on their spending towards essential needs.
Before 2014, a household spending £1 lakh annually on daily needs had to pay nearly £25,000 in taxes.
After GST and the next-gen reforms, the tax amount for a £1 lakh annual spend has fallen to just £5,000-£6,000.
The BJP-led NDA government has delivered a 'new model of good governance' that prioritises service ('seva') over power ('satta'), and follows a mantra of 'vikas bhi, virasat bhi' (development with heritage).
The Prime Minister also mentioned income tax reforms, stating that no tax is charged on income up to £12 lakh today, compared to tax being levied on incomes above £2 lakh back in 2014.
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