Prime Minister Shri Narendra Modi today underscored the transformative impact of the latest GST reforms on India’s manufacturing sector. The #NextGenGST initiative introduces simplified tax slabs, streamlined digital compliance, and cost efficiencies that are set to significantly boost domestic production and competitiveness.
Responding to a post by Shri Prakash Dadlani on X, Shri Modi said:
“#NextGenGST is a game-changer for manufacturers. Lower input costs with simplified slabs of 5% & 18%, faster digital compliance and rising demand will give a big boost to ‘Made in India’ products.”
The Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2163932
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