Brief by Shorts91 Newsdesk / 06:55pm on 03 Sep 2025,Wednesday India
Prime Minister Narendra Modi said on Wednesday that India’s new GST reforms have no link to the tariffs imposed by the United States. He said the Centre had been working on the plan for 1.5 years. The new GST structure will start on September 22 with a two-tier rate of 5% and 18%, and 40% on luxury and sin goods. Modi said the reforms aim to make life easier for the common man, farmers, MSMEs, women and youth. Finance Minister Nirmala Sitharaman said MSMEs will benefit as compliance becomes simpler and rates on daily use items drop. (PC: HT)
