Govt reveals plan for GST reduction after PM Modi's announcement on Ind-Day
The Siliguri Today
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August 15, 2025 • 12:56 PM
Govt reveals plan for GST reduction after PM Modi's announcement on Ind-Day
After PM Narendra Modi's 'Diwali gift' announcement on Independence Day, Finance Ministry proposed reforms in GST, focussing on three pillars- structural reforms, rate rationalisation and ease of living. Rate rationalisation involves reduction of taxes on common-man items and moving towards a simple tax with 2 slabs - standard and merit.
Special rates will be applicable only for select few items.
