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PM Modi Launches GST Bachat Utsav Tax Reforms Why in News ? Prime Minister Narendra Modi launched the GST Bachat Utsav, introducing major tax cuts on automobiles and essential goods. The Next-Gen GST reforms aim to reduce citizens’ tax burden, increase affordability, and make India’s tax system simpler, transparent, and people-friendly. These reforms align with …
Read MoreGST 2.0 to Ease Rural Household Expenditure Why in the News ? A FICCI analysis shows that under GST 2.0, more than 75% of rural expenditure and 66% of urban expenditure will fall under the nil or 5% tax rate, making the new tax structure more equitable and simplified. This change is expected to have …
Read MoreSyllabus: GS-3- GDP growth rate , economic and overall development , GST, GST Council Focus : The article focuses on the transformative impact of GST on India’s tax landscape, its achievements, unique credentials, and the critical need for further policy reforms to address existing challenges and support India’s economic growth and development. Source – FE …
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