Friday, September 11
Prime Minister Narendra Modi, while delivering his Independence Day speech on Friday, announced that next-generation GST (Goods and Services Tax) reforms will be implemented by Diwali, aiming to reduce taxes on everyday use items."I am going to give a great gift on Diwali. In the last 8 years, we did a big reform in GST, tax was simplified. Now it is the demand of the time to make a review, we did, also talked to states, we are bringing next generation GST reform."Taxes paid by citizens will be drastically reduced, benefiting small industries and MSMEs, while daily-use products will become cheaper, he said from the ramparts of Red Fort.The changes come after income tax cuts were announced in the Union budget earlier this year and are aimed at boosting disposable incomes for the middle clas
