New -Delhi, September 13 (IANS). After completing ten years of manufacturing in India in India, Trade’s Minister Piyush Goyal said trade union and industry, saying it is a right time to set high goals, strengthen the supply chain, increase strength and contribute to employment, export and high quality manufacturing. In the 65th annual session of the Automotive Component Manufacturers Association (ACMA), the Union Goyal Minister appreciated the recently announced GST reforms led by Premier Narendra Modi. He said the falling GST tariffs of 28 percent to 18 percent are a historical improvement and a great relief for the automotive industry. The GST tariffs for tractors have been reduced to 5 percent, which will increase the agricultural sector. He said that this reform deserves appreciation for the prime minister, as it will make parts cheap as before, will strengthen the formalities, increase jobs and demand in value chains. Union Minister Goyal emphasized that the full advantage of GST rate deduction should be provided to consumers. He said that this period of reduction in GST rate is the greatest improvement after independence and that it will benefit every Indian. He further said that one of the 1.4 billion people will not be a citizen who will not benefit from these reforms. He calls the late Ratan Tata and said, “Accept the stones that people throw at you and make a memorial.” He said that the nation should not be distracted by challenges and that India will continue to strengthen with confidence as well as collective efforts. Union Minister Goyal praised the country’s strength during Korona, saying that India has complied with all global dedication by providing medicine and vaccines (some free) to more than 100 countries to ensure the availability of essential commodities without any profit. He further said that India has gained confidence worldwide and that the country today is identified as a reliable and reliable partner. -Ians skt/ share these story tags
GST -rate lowers historical improvement and a great relief for the automotive industry: Piyush Goyal
