GST Reforms to Simplify Tax, Boost Trade; Two-Slab Structure Introduced: Union Minister Bhupender Yadav

Union Minister Bhupender Yadav has said that GST reforms have been brought for providing relaxation to industries, boosting trade, simplifying tax rates and impetus to the country’s economy.  Talking to reporters in  New Delhi today, Mr Yadav highlighted that GST will have just two slabs of 5 per cent and 18 per cent. He added that the prices of vehicles and electronic products used in daily life have been brought down.