- Country: India
Next phase of GST reforms to make compliance easier: PM Modi
This will strengthen the foundation for a Viksit Bharat, said the Prime Minister.
This will strengthen the foundation for a Viksit Bharat, said the Prime Minister.
Proposals also include automatic approval for several registration amendments, potentially covering about 10.5 lakh applications annually
FM Nirmala Sitharaman says the next phase of GST reforms will simplify compliance, support businesses and advance PM Modi’s Viksit Bharat vision.
The second phase of reforming GST follows revenue stabilisation after last year’s rate rationalisation.
E-commerce sellers, genuine buyers and MSMEs likely to get relief from proposed changes
Explore proposed GST reforms as the Council considers decriminalising indirect tax offences to eliminate tax authority overreach and boost investor confidence.
GST Council plans to unveil substantial reforms aimed at improving business processes and facilitating growth. The proposed changes involve streamlined registration, easier refunds, and a more efficient input tax credit system. Decriminalisation measures are also proposed to alleviate issues for…
Next-Gen GST was conceived with two connected purposes: to reduce and rationalise rates, and to make compliance easier