Highlighting that the culture of doing business is changing in the country with Goods and Services Tax (GST) regime, Prime Minister Narendra Modi has said that the news tax regime has increased competition among manufacturers which will help to bring down prices and added that in the long term, the consumers will be the biggest beneficiaries of it.
Prime Minister further noted that GST has also lead to the abolition of dozens of indirect and hidden taxes and it is a transparent system in which no one can hurt the interests of consumers. Besides, he said that after the implementation of GST, the queues of the trucks on the borders now no longer exist.
Listing out the benefits of various governments’ steps like new consumer protection Act and direct benefits transfer scheme, Modi further said that the government is also working to formulate schemes which help consumers save money. The poor and middle class in the country are benefited most from these schemes.