Prime Minister Narendra Modi today said that the Goods and Services Tax reforms would usher in a countrywide "GST Bachat Utsav," benefiting poor, middle-class, farmers, traders, and entrepreneurs alike. In his speech, he recounted the early days of his prime ministership in 2014, recalling a foreign newspaper column that had explored India's trade practices back then, just hours before.
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The range of Triumph 400 cc and KTM 390 cc motorcycles remains the same even with increased GST rates.
Hyundai has registered sales of 11,000 units on the first day of Navratri and GST 2.0.
The prices of Aprilia RS457 and Tuono 457 will remain the same even after GST revisions; additionally, the RS457 gets additional benefits.
Karnataka Revenue Minister Krishna Byre Gowda said that while he supports the new GST structure that came into effect on Monday, it is likely to cause a revenue loss of at least 1 to 1.5 lakh crores to states.
As lower GST rates take effect on Monday, sales of air-conditioners, TV sets surged dramatically with buyers rushing to grab cheaper deals offered by retailers at the beginning of the Navratra festival.
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