Will Modi's GST Reforms Boost Diwali Sales?

• Modi unveils GST reform: simpler laws, revised rates planned.
• PM urges states' cooperation for Diwali benefits for all.
• Reforms aim to ease life for poor, middle class, and businesses.

Prime Minister Narendra Modi announced upcoming GST reforms, aiming for simpler laws and revised rates. He urged states to cooperate for a Diwali filled with benefits for all.

GST Reform Unveiled

The Prime Minister, during an Independence Day speech, announced plans for GST reform, aiming to improve governance. He emphasized the intention to make the law simpler and revise tax rates, benefiting both the common man and businesses. The Centre has sent draft proposals to the states, seeking their collaboration.

States' Cooperation Urged

Modi is hopeful for states' cooperation in implementing these reforms. He underscored the importance of swift action for a more festive Diwali, promising a 'double bonus' from the GST reform. The reform's objective includes simplifying GST and adjusting tax rates, aligning with the goal of better governance.

Benefits for All

The Prime Minister stated that the GST reform will benefit the poor, middle class, and businesses, irrespective of their size. The government continuously focuses on reforms to ease the lives of people and businesses. Modi highlighted these reforms as part of the 'next generation reform' of GST.