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
