Uttarakhand's GST Rate Reduction Brings Festive Cheer

Uttarakhand's finance department has unveiled revised GST rates, set to take effect on September 22, offering potential cost relief on consumer goods and services just in time for the festival season.

In line with national efforts led by Prime Minister Narendra Modi to lower GST rates across India, Uttarakhand's new regulations are anticipated to not only relieve consumers but also boost economic activity, according to Chief Minister Pushkar Singh Dhami.

Officials, including Finance Secretary Dilip Jawalkar, noted that the revised tax rates emerged from decisions at the 56th GST Council meeting. Notifications issued by both the central government on September 17 and the state on September 18 confirm these changes. The simplification of GST rates is set to enhance purchasing power, demand, and trade, benefitting especially lower and middle-income groups, farmers, and traders.

(With inputs from agencies.)