Next-Gen GST Boosts Growth

Prime Minister Narendra Modi said the Next-Gen GST reforms are helping expand economic activity, improve revenue collection and create new opportunities for businesses across India.
Sharing an article by Finance Minister Nirmala Sitharaman, PM Modi said the reforms are making the tax system simpler and more predictable for businesses and households.

Sitharaman said the revamped GST aims to provide taxpayer relief while supporting economic growth. She noted that GST registrations across central and state jurisdictions reached around 17.1 million by August, nearly 15% higher than a year earlier.

The Finance Minister said the next phase focuses on rationalising tax rates and simplifying compliance, with further process reforms expected to be placed before the GST Council soon. The reforms are intended to give households greater relief, businesses more certainty and support the vision of a Viksit Bharat.