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'Faster decisions, lower compliance costs': PM Modi welcomes new round of GST reforms

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.

'Faster decisions, lower compliance costs': PM Modi welcomes new round of GST reforms

New Delhi - Prime Minister Narendra Modi expressed his support for the latest round of GST reforms approved by the GST Council, highlighting the positive impact on taxpayers and businesses. The Council's recommendations include removing arrest provisions, reducing criminalization, and simplifying procedures. Modi emphasized that faster decision-making, lower compliance costs, automated refunds, and a trust-based administration align with the government's efforts to make GST more efficient and citizen-friendly.

The 57th GST Council meeting, which focused on process reforms, also discussed simplifying compliance, reducing disputes, and easing procedures for taxpayers.

Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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