PM Modi announces GST reforms after 8 years, promises relief for businesses on Diwali

PM Modi announces GST reforms after 8 years, promises relief for businesses on Diwali


As India commemorates its 79th Independence Day today, PMi made his traditional arrival at the historic Red Fort donning saffron turban. He extended greetings to the citizens and spoke at length about several issues, including Operation Sindoor and Indiaโ€™s immense success in Make in India.

New Delhi:

In his Independence Day address, Prime Minister Narendra Modi announced that the next generation of GST reforms will be introduced this Diwali.

PM Modi said after eight years of implementing the Goods and Services Tax, the government believes it is time to review the system. The upcoming reforms are being positioned as a Diwali bonanza, a gift for the people, traders, industries, and MSMEs.

“This Diwali, I am going to make it a double Diwali for you… Over the past eight years, we have undertaken a major reform in GST… We are bringing next-generation GST reforms. This will reduce the tax burden across the country,” he said.ย 

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