Next-Gen GST & India’s Next Phase of Growth
6 Articles
6 Articles
How next-gen GST can power India's journey to Viksit Bharat | FM Nirmala Sitharaman writes
In this column, Finance Minister Nirmala Sitharaman outlines the vision behind Next-Gen GST and explains how recent reforms are aimed at reducing tax burdens, simplifying compliance and supporting economic growth. She highlights rising GST collections, stronger business participation, growing consumer demand and the role of states in shaping the reform process.
Next-Gen GST and India’s Next Phase of Growth
India’s ambition to become a Viksit Bharat requires an economy in which enterprises of every size can grow, wherever they begin. Over the past twelve years, our government has worked to create those conditions. GST’s introduction in 2017 established a common national framework for indirect taxation. Next-Gen GST carries that effort forward, drawing on nine years of implementation and the experience of taxpayers and States. Under Prime Minister N…
Next-gen GST & India’s next phase of growth
Nirmala Sitharaman India’s ambition to become a Viksit Bharat requires an economy in which enterprises of every size can grow, wherever they begin. Over the past 12 years, our government has worked to create those conditions. The GST’s introduction in 2017 established a common national framework for indirect taxation. Next-Gen GST carries that effort forward, drawing on nine years of implementation and the experience of taxpayers and states. Und…
New Delhi: Ahead of the 57th GST Council meeting on Wednesday, Finance Minister Nirmala Sitharaman stated that the next phase of Goods and Services Tax (GST) reforms will focus on simplifying tax compliance. She added that procedural reforms will soon be presented to the GST Council. In an article published on LinkedIn, Sitharaman stated that the proposals to be presented to the GST Council on October 7 will be based on the nine years of experie…
PM backs Next-Gen GST push for simpler compliance and greater business certainty
Prime Minister Narendra Modi, on Monday, backed the government’s next phase of Goods and Services Tax (GST) reforms, saying the proposed changes would make taxation simpler and more predictable, ease compliance and improve the refund process, thereby giving businesses greater confidence to invest and expand as India pursues the goal of a “Viksit Bharat”. Sharing a post by union Finance and Corporate Affairs Minister Nirmala Sitharaman on social …
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