During his 79th Independence Day speech from the Red Fort, Prime Minister Narendra Modi announced that the government’s next-generation GST reforms would be rolled out as a “Diwali gift” to the nation, aiming to simplify taxation and boost ease of doing business across India.
The reforms are expected to streamline procedures, reduce compliance burdens, and strengthen the country’s economic framework, marking a significant step in India’s ongoing economic transformation.
PM Modi emphasized that these reforms would not only benefit businesses but also enhance transparency and efficiency in tax administration, contributing to a more robust and self-reliant economy.
