GST Reforms to Empower Youth and Promote Fitness
The Government of India has announced significant reforms in the Goods and Services Tax (GST) aimed at empowering youth, promoting fitness, and enhancing ease of living. Key changes include reducing GST on gyms and fitness centers from 18% to 5%, bicycles from 12% to 5%, and sports goods from 12% to 5%. Additionally, GST on two-wheelers and small cars has been reduced, making transportation more affordable. These reforms align with national initiatives like the Fit India Movement and aim to increase participation in sports and fitness activities among young citizens.
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