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Tag: GST reforms

India`s GST reforms ignite clash between PM Modi and Congress

India`s GST reforms have triggered sharp political exchange. Congress Rajya Sabha MP Pramod Tiwari on Monday took a swipe at Prime Minister Narendra Modi over the latter`s speech on Goods and Services Tax (GST) reforms implementation, suggesting that the PM should have issued an apology to the nation.

GST Reforms Will Pump ₹2 Lakh Crore Into The Economy, Boosting Demand Across Sectors: Union Finance Minister Sitharaman

Union Finance Minister Nirmala Sitharaman said past revenue leakages due to misclassification and loopholes, such as differential tax treatment of popcorn varieties, had been plugged. Calling GST “one of India’s biggest reforms,” she said the changes would spur growth, especially in Bengal’s small-scale and craft-based industries, while boosting consumption nationwide.