GST Council Outlines Seven Pillars Of Next-Gen Reforms, Why It Matters
The reforms include a simplified two-tier tax structure, technology-driven compliance, consumer-friendly rates, MSME support, and stronger state revenues. Officials said the changes will boost savings, raise demand, and make GST more business- and citizen-friendly, strengthening India’s economy.
The 56th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, introduced the seven pillars of Next-Gen GST reforms. The Council said these pillars will guide India’s economic future by making GST simpler, fairer, and more growth-orien... [5210 chars]
Published by: NewsX
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