Proposed GST Reforms: Aims and Potential Changes Prime Minister Narendra Modi recently announced that the central government has circulated a draft of “next-generation” Goods and Services Tax (GST) reforms to the states, urging them to cooperate for implementation before Diwali. The Prime Minister stated that the goal of these reforms is to simplify the GST … Read more
In a significant move for India’s economy, Prime Minister Narendra Modi has announced major reforms to the Goods and Services Tax (GST). This decision, which has been widely praised by industry leaders and economists, aims to simplify the tax structure and boost economic growth. The proposed changes are a response to eight years of experience … Read more
GST Reform 2025: A Major Tax Overhaul on the Horizon India is considering a significant restructuring of its Goods and Services Tax (GST) system, aiming to simplify the current four-slab structure into just two main rates: 5% and 18%. If approved by the GST Council, this would be the most substantial change to the tax … Read more
GST Overhaul Proposed: TVs, ACs to Get Cheaper, Online Gaming Tax Soars The Indian government is considering a major overhaul of the Goods and Services Tax (GST) system, moving from the current multi-tiered structure to a simplified two-slab model of 5% and 18%. This change could significantly impact household budgets and key industries. Key Proposed … Read more
In his 79th Independence Day speech, Prime Minister Narendra Modi called for a new era of GST reforms, building on the 2017 implementation. The Central Government has since proposed a major overhaul, introducing a simplified two-slab GST structure—a standard rate and a merit rate—with special rates reserved only for a select few items. This proposal … Read more
GST Revamp on the Horizon: PM Modi Announces Next-Gen Reforms Prime Minister Narendra Modi has announced that the next wave of GST reforms will be implemented before Diwali this year, a move welcomed by industry experts.1 These “next-generation” reforms aim to simplify the tax structure, boost economic activity, and improve the ease of doing business.2 … 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
How GST Rate Cuts May Benefit Different Sectors Prime Minister Narendra Modi recently announced that “next generation GST reforms” will be implemented before Diwali. These reforms, aimed at reducing the tax burden on consumers and small businesses, have created significant anticipation for potential GST rate cuts. While the final decisions will be made by the … Read more
