Next-Gen GST Reforms Slash Rates on Electronics — Driving Demand, Boosting Localisation, Creating Jobs, and Powering India’s Affordable Digital Growth The recent next-gen reforms in Goods and Services Tax (GST) are set to boost sectors under the Ministry of Electronics and Information Technology (MeitY), particularly consumer electronics and ICT hardware. The rate reductions will make … Read more
In a move aimed at strengthening the rural economy and supporting dairy farmers, Prime Minister Narendra Modi announced that the recent “NextGen GST Reforms” will make dairy products more affordable for all households. The reforms, which were recently approved by the GST Council, include significant changes to the tax structure for the dairy sector. Key … Read more
Big Changes Ahead: India’s New GST 2.0 Plan Unveiled Finance Minister Nirmala Sitharaman has presented a new blueprint for the next generation of GST reforms, aiming to simplify the tax structure and make India more self-reliant. The changes, dubbed “GST 2.0,” are designed to benefit everyone from everyday citizens to small businesses and farmers. Prime … Read more
The Indian government is proposing a significant overhaul of the Goods and Services Tax (GST) system, based on a three-pillar framework. This initiative, inspired by Prime Minister Narendra Modi’s call for reforms to benefit everyday citizens and support the “Atmanirbhar Bharat” (self-reliant India) goal, aims to make the tax system simpler, more stable, and more … Read more
Speaking from the Red Fort on India’s 79th Independence Day, Prime Minister Narendra Modi announced the formation of a task force for “next-generation reforms.” This move comes as India navigates trade tensions with the US and follows a recent upgrade to the country’s sovereign rating by S&P Global. Modi’s speech centered on the theme of … Read more
