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GST Reforms PM Modi’s ‘Diwali Gift’, Says Govt; Cites Record Sales Across Sectors
Kashmir Observer
|OCTOBER 19, 2025 ISSUE
The government on Saturday hailed the GST reforms as a “Diwali gift” to consumers, pointing to a surge in festive sales across sectors including automobiles, electronics, and daily essentials.
Finance minister Nirmala Sitharaman, along with commerce and industry minister Piyush Goyal and information and broadcasting minister Ashwini Vaishnaw, said the lower GST rates introduced on September 22 are already boosting household consumption.
The revamped GST structure, which came into effect on September 22, 2025 has led to price reductions in 375 items, ranging from toothpaste and shampoo to cars and televisions.
The GST Council had approved the overhaul on September 3, introducing a simplified two-rate system of 5 and 18 per cent in place of the earlier four-rate structure of 5, 12, 18, and 28 per cent.
This story is from the OCTOBER 19, 2025 ISSUE edition of Kashmir Observer.
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