Goods And Services Tax

Explained: GST Reforms Coming Soon. How You Will Benefit

India is set to witness major reforms in the Goods and Services Tax (GST) regime this year. These "next-generation" reforms would drop by before Diwali, Prime Minister Narendra Modi promised this morning, assuring a massive reduction in taxes on common-use items. The Centre has now unveiled a three-pillar blueprint for the reforms that has been sent to the Group of Ministers (GoM) for further discussions. The GST Council would take it up in its upcoming meeting.

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