 Early Times Report
JAMMU, Sept 23: Dr. Shyama Prasad Mookherjee Smriti Nyas organized an insightful Intellectual Meet on "Next Gen GST Reforms" at Hotel Asia, Jammu, today. The event, held from 3:30 PM to 6:00 PM, brought together experts, officials, and prominent personalities to discuss the transformative impact of the recent GST rate revisions notified by the Government of India in its 56th GST Council Meeting held on 03-09-2025. The meet highlighted how these reforms mark a new economic dawn for India, reducing tax burdens and boosting consumption across sectors.
The event was presided over by Sat Sharma CA, with CA Aanchal Kapoor as the Key Speaker. Guests of Honour included Umair Meer, Additional Commissioner (Audit), CGST; Afaq Ahmed Giri, Joint Commissioner, CGST; and Manoj Prabhakar, Joint Controller (Legal Metrology Jammu). Notable attendees also included MLA's Arvind Gupta, Yudhvir Sethi, Vikram Randhawa, Priya Sethi Ex. MLA and Ex. Minister in J&K Govt. and other prominent personalities from the town.
In his presiding address, Sat Sharma CA emphasized the reforms as the culmination of a decade of the Modi government's visionary economic management. "This Next-Gen GST Reform is not just a policy adjustment; it is a historic milestone that slashes GST rates across the board-99% of goods in the 12% bracket and 90% in the 28% bracket now benefit from reductions," he stated. He highlighted the shift to a simple two-rate structure (5% and 18%), which will inject nearly ?2 lakh crore into domestic consumption, equivalent to 4 times the PMAY allocations and 10 times the PLI Scheme allocations. "This is an immediate victory for every Indian, ensuring prosperity reaches every corner. This year, Lakshmi Ji sabke ghar aayegi," Sharma added, underscoring the pro-people approach that protects the poor and middle class while securing the national exchequer.
Key Speaker CA Aanchal Kapoor delved into the practical implications of the reforms. She explained the new rate schedules, including exemptions for essentials like milk, paneer, and curd (reduced from 5% to 0%), and slashes on daily items such as hair oil, shampoo, toothpaste, and soap (from 18% to 5%). "These changes empower citizens by enhancing purchasing power, driving a new wave of consumption from the ground up. The simplified GST with only two slabs will make compliance easier for households and businesses alike," Kapoor said.
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