GST reforms will boost market purchasing and economy: MoS Chaudhary
GST
Dated:- 29-9-2025
PTI
Indore, Sept 29 (PTI) The recent GST reforms will spur market consumption and boost the domestic economy, Minister of State for Finance Pankaj Chaudhary said on Monday.
He said the impact of these reforms will be known in the next four to six months.
Chaudhary interacted with businessmen, entrepreneurs, and tax experts in Indore regarding the Goods and Services Tax reforms.
“Prime Minister Narendra Modi believes that when GST reforms bring additional money into the hands of the common people, it will definitely boost market purchasing and accelerate our economy,” he said.
Chaudhary said that though the GST system was introduced in 2
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system in 2017, this tax payment dropped to 11 to 11.50 per cent”.
“The impact of GST reforms will be known in the next four to six months, and we cannot say anything right now, but it is estimated that this tax payment will further decrease to an average of eight to nine per cent”, he added.
He later interacted with the media.
When asked about the apprehension of tax revenues of states decreasing due to GST reforms, Choudhary said, “The government's job is not just to collect revenue. The government's job is also to provide relief to the common man. We won't call this (GST reforms) a revenue loss. We have provided benefits to the public through this”.
“The savings from the GST reduction will put additional money in the hands of ordinar
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