Uttar Pradesh Chief Minister Yogi Adityanath on Sunday said that the Goods and Services Tax (GST) will change the destiny of the poor people of the nation.
While addressing a gathering here, Adityanath said that the tax reform will eradicate corruption.
"GST will change the destiny of the poor. Things will become cheaper. We'll do away with corruption. Traders will get freedom from 'Inspector Raj'," said Adityanath.
The GST, rolled out on June 30 midnight, is said to bring the Indian economy under a single tax bracket.
Under the GST, six slabs of taxation have been proposed by the council, ranging from zero percent to 43 percent.
Initially, it was being said that essential commodities and luxury goods will be taxed separately.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app