Union Minister Ashwini Vaishnaw on Saturday said that the recently introduced next-generation GST reforms are aimed at directly benefiting the common people and improving their standard of living. Addressing a press conference at the BJP headquarters, he clarified that the reforms were planned nearly 18 months ago and have no link to external factors such as tariffs imposed by the US.

“Preparations for GST reforms started one and a half years ago, well before the US elections. These changes mark the beginning of a transformative journey for the country,” Vaishnaw said.

Middle Class to See Major Relief

Highlighting the government’s focus on the middle class, the Union Minister said, “The Prime Minister’s commitment towards the middle class is clear. Earlier, income tax relief was extended with a slab of Rs 12 lakh, and now GST reforms will bring relief to 140 crore citizens.”

According to Vaishnaw, the new GST structure will reduce the tax burden on essential goods and services. Taxes on electronics and household items have been cut, directly benefiting consumers. Health insurance buyers will also gain, as companies will now be required to pass on the benefit of the abolished GST rate. “If they fail to do so, strict action will be taken,” he warned.

Economic Impact of GST Reform

The minister said that the reforms are expected to save nearly Rs 20,000 crore and significantly boost consumption and economic activity. He noted that India’s electronic production has increased six times in the last 11 years, reflecting the government’s push for self-reliance.

“These GST reforms are a Diwali gift to the nation, as promised by the Prime Minister in his Independence Day speech. The goal is simple: reduce the tax burden on citizens while spurring growth,” Vaishnaw added.

From a Web of Taxes to Simplicity

Reflecting on the pre-2014 tax structure, Vaishnaw said, “Earlier, India was trapped in a complicated web of taxes. Today, we have moved towards simplicity and transparency. Forget the old ways of Congress—India is now moving confidently towards self-reliance.”