Overview

• Goyal said GST on several categories drops to as low as 5 percent under the new structure.
• He urged a twin commitment from companies to pass every rupee of tax savings to consumers and to promote products manufactured in India.
• The minister called the changes transformational and said new processes and procedures will improve ease of doing business.
• He projected stronger consumption leading to more investment, jobs and growth, aligning the push with the Viksit Bharat 2047 vision.
• Speaking at the Bharat Nutraverse Expo and at India MedTech/IPHEX in New Delhi, he highlighted nutraceuticals’ ties to farmers and MSMEs and cited 7.8 percent Q1 GDP growth.