Tuesday, 02 January 2024 12:17 GMT

PM Modi: GST Reforms To Continue, Tax Burden To Ease


(MENAFN- Kashmir Observer)
File Photo Of PM Narendra Modi

Greater Noida- Prime Minister Narendra Modi on Thursday said the reforms in GST will continue and the tax burden on citizens will further ease as the economy gains more strength.

Modi emphasised that the nation currently possesses strong willpower for reforms, backed by democratic and political stability, along with policy predictability.

Earlier this month, India effected next-generation reforms in GST.

Modi said the structural reforms in Goods and Services Tax (GST) are set to give new wings to country's growth story.

Addressing the gathering after inaugurating the Uttar Pradesh International Trade Show 2025 here, Modi said his government has significantly reduced taxes, curbed inflation, and increased both income and savings for the people.

He said that by making income up to Rs 12 lakh tax-free and implementing new GST reforms, citizens are set to save Rs 2.5 lakh crore this year alone.

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