GST Council Approves Landmark Next-Generation GST Reforms, Fulfilling PM Modi’s Vision

ANI NEWS DESK | New Delhi | 5th September 2025 Carrying forward Prime Minister Narendra Modi’s Independence Day announcement of ushering in Next-Generation GST Reforms, the GST Council has approved sweeping changes aimed at simplifying India’s indirect tax system, reducing compliance burdens, and boosting ease of doing business. Key highlights of the reforms include: Introduction of two primary GST slabs – 5% and 18% for simplified tax structure. Cheaper goods for the middle class, providing direct relief to households. Faster refunds for exporters, enhancing India’s competitiveness in global trade. Simplified registration process for MSMEs, making it easier for small businesses to operate. Relief measures in the healthcare sector, ensuring affordable treatment and services. The reforms are expected to benefit farmers, small traders, women, youth, and entrepreneurs, ensuring inclusive growth and wider economic participation. Officials described this as a decisive step towards ease of living and ease of doing business, while further strengthening India’s economy under the leadership of Prime Minister Modi.