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‘GST Reforms Set to Bring Double Benefits…’: PM Narendra Modi Urges States to Cooperate
Prime Minister Modi urged state governments to approve GST reforms that reduce tax slabs from four to two, aiming to simplify taxes and boost consumption, benefiting millions before Diwali.
- Prime Minister Narendra Modi announced next-generation GST reforms on August 15, 2025, in New Delhi, proposing to simplify the tax system.
- The government sent a draft GST reform proposal to states, seeking their cooperation for implementation before the Diwali festival this year.
- The reforms aim to replace the current four GST slabs with two main rates of 5% and 18%, plus a special 40% slab for select luxury and harmful goods.
- Modi said the reforms will benefit poor, middle-class, and businesses, offering a 'double bonus' this Diwali and promoting good governance and easier compliance.
- The GST Council and Group of Ministers will review the proposal soon, with hopes for swift state cooperation to finalize reforms that ease tax burden nationwide.
18 Articles
18 Articles
Next-gen GST Reforms' Draft Sent To States: PM
He said that as the government intends to make the GST law simpler and revise tax rates, the reform in next-gen GST, would not only benefit poor and middle-class people but also small and big business houses in the country
PM Modi unveils next-generation GST reform draft, seeks states' cooperation for Diwali implementation
Prime Minister Narendra Modi announced on Sunday that the central government has drafted a proposal for the next-generation Goods and Services Tax (GST) reforms and has sent it to the states. He sought the cooperation of state governments to implement the proposal before Diwali this year. Speaking after inaugurating two new expressways in Delhi, PM Modi emphasised that these reforms would benefit not only the poor and middle class but also both …
PM Modi urges states to cooperate in implementing proposed GST reforms
The move comes after US President Donald Trump imposed a 25 per cent tariff on all goods India exports to the US, and planned doubling of the levy to 50 per cent from August 27 to punish New Delhi for its oil purchases from Russia.
Next-gen GST Reforms Set to Bring Double Benefits for Citizens: PM
Get latest articles and stories on Business at LatestLY. "For us, reform means the expansion of good governance," said the Prime Minister, emphasising that continuous focus is being placed on reforms. He made the marks during the inauguration ceremony of two major National Highway projects worth a combined cost of nearly Rs.11,000 crore in the national capital. Business News | Next-gen GST Reforms Set to Bring Double Benefits for Citizens: PM.
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