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via economictimes.indiatimes.comPolitics

PM Modi welcomes new round of GST reforms in India

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Prime Minister Narendra Modi on Thursday welcomed the new round of GST reforms approved by the Goods and Services Tax (GST) Council, saying the measures will enable faster decisions, lower compliance costs, automated refunds and a trust-based administration.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishGST Council-approved reforms aim to reduce compliance costs and accelerate administrative decisions.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Prime Minister Modi welcomed new GST reforms approved by the GST Council.
  2. 02Measures will enable faster decisions, lower compliance costs, and automated refunds.
  3. 03Administration will be trust-based according to government statements.

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