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India will witness a restructuring of its Goods and Services Tax (GST) system from tomorrow that government officials have described as the launch of "GST 2.0."
Prime Minister Narendra Modi today termed the lowering of Goods and Services Tax (GST) rates as the beginning of "GST Utsav", presenting the reforms as a "double bonanza" to households already benefitting from recent income tax exemptions.
Prime Minister Narendra Modi asserted on Sunday that the GST reforms kicking in from Monday will accelerate India's growth story, emphasising that it is a big and important step for "aatmanirbhar Bharat."
Prime Minister Narendra Modi today said that the Goods and Services Tax reforms would usher in a countrywide "GST Bachat Utsav," benefiting poor, middle-class, farmers, traders, and entrepreneurs alike.
The Goods and Services Tax (GST) reforms, which kick in tomorrow, are a "double bonanza" for the poor, neo-middle class and the middle class, underlined Prime Minister Narendra Modi in an address to the nation on Sunday.
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