35.1 C
State of Tripura
Monday, September 29, 2025

Tripura CM welcomes 920 voters from TIPRA Motha in BJP

Tripura CM Manik Saha said TTAADC’s development...

Durga Puja Bonanza: Tripura Govt declares 3% increase in DA and DR

Tripura Chief Minister Dr. Manik Saha announced...

56th GST Council Meeting Underway in New Delhi; FM Nirmala Sitharaman Chairs

Must Read

The 56th Meeting of the GST Council is underway in New Delhi. Union Finance Minister Nirmala Sitharaman is chairing the two-day meeting. The Council is expected to deliberate on India’s next-generation GST reforms, including rationalisation of tax rates and simplification of compliance. Finance Ministers of several States and Union Territories are participating in the meeting.   
 
 
Prime Minister Narendra Modi, during his Independence Day address last month, highlighted hothe w Goods and Services Tax has benefited the nation. Mr Modi had underscored the importance of the next generation of reforms under GST, which will bring relief to the common man, farmers, middle class and MSMEs. The next-generation GST reforms will be unveiled on Diwali, reducing taxes on essential goods and providing relief to local vendors and consumers. 
 
 
To build an Atmanirbhar Bharat, the Central Government has proposed significant reforms in GST to the Group of Ministers, which met last month. The reforms will be focused on three pillars, namely structural reforms, rate rationalisation and ease of living. Union Finance Ministry has reaffirmed its commitment to evolving the GST into a simple, stable, and transparent tax system for inclusive Growth and enhancing Ease of Doing Business across the country.

- Advertisement -
spot_img
spot_img
spot_img
spot_img

Latest News

11 Dead, 17 Missing, 33 Injured

Typhoon Bualoi has caused severe damage in Vietnam, killing 11 people, 17 missing, and 33 injured. According...