Over the last few years, the government has undertaken several major reforms, leading to the creation of a modern, efficient and citizen-friendly system. Under this, more than 40,000 useless rules were removed and more than 1,500 old laws were repealed, which has made it easier to work in the country. The change in GST rates, which came into effect from September 22, is also one such major reform, the aim of which is to realize the vision of ‘Developed India’.
Addressing the nation on the 79th Independence Day, Prime Minister Narendra Modi said that new GST reforms will be brought by Diwali. These reforms will reduce taxes on everyday items. He said that this will reduce the tax burden on common people and it will be a Diwali gift.
According to the Finance Ministry, the impact of GST 2.0 is now visible. People’s purchasing has increased, especially in areas like vehicles, sales have increased and people’s confidence has also increased. This is strengthening the country’s economy.
A good growth was seen in the sales of passenger vehicles in the month of November. Vehicle sales increased due to demand after festivals, cut in GST rates and wedding season. According to a report, retail sales in November increased by 22 percent compared to last year. At the same time, wholesale sales increased by 19 percent compared to last year and reached 4.1 lakh units.
Apart from this, the earnings of the states have also increased due to change in GST rates. The GST revenue received by the states between September and November was 5 percent more than last year.
During the recently concluded winter session, Minister of State for Finance Pankaj Chaudhary said in the Rajya Sabha that GST collection during September to November of the current financial year (2025-26) increased to Rs 2,59,202 crore from Rs 2,46,197 crore in the same period of 2024-25.
The government believes that GST reforms and policies to make business easier will further increase people’s purchases. Due to this, the income from GST will also increase in the coming time.
After GST reforms, people’s confidence has increased and loans taken from banks have also increased. Many figures show that the economic activities of the country have increased after GST reforms.
According to government data, e-way bill generation increased by 14.4 percent on an annual basis during September and October 2025. At the same time, the total GST collection increased by 9 percent between April and October 2025, which shows that the basic source of revenue remains stable due to strong consumption and better compliance with the rules.
According to Finance Minister Nirmala Sitharaman, now the next goal of the government is to simplify the custom tax.
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