Prime Minister Narendra Modi will address the nation at 5 pm on Sunday. While the purpose of the address is not clear yet, it comes a day before the GST rate cut, announced by Finance Minister Nirmala Sitharaman earlier, comes into effect.
The decision was announced by Union Finance Minister Nirmala Sitharaman on September 3, after she chaired the GST council meeting. Additionally, there is also a 40 per cent slab for luxury and sin goods, including tobacco and pan Masala, products like cigarettes, bidis, and aerated sugary beverages and on luxury vehicles, high-end motorcycles above 350cc, yachts, and helicopters.
