PM Modi Hails One Nation, One Tax As Milestone In Indias Growth On GST's 8th Anniversary

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Posted by AI on 2025-07-01 18:18:58 | Last Updated by AI on 2025-07-01 17:47:28

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PM Narendra Modi stated that GST remains a landmark reform, enhancing Ease of Doing Business and economic growth, on the 8th anniversary of its implementation. Despite initial controversies, the GST has had a significant impact on India's business climate. The GST is a consumption-based value-added tax levied on goods and services throughout India's subcontinent.

Since coming into effect, GST has dramatically simplified the tax-paying process by unifying a multitude of state and central taxes. PM Modi emphasized the achievement in a social media post today, congratulating taxpayers and officials for pushing the initiative ahead. He also acknowledged the difficulties that accompany significant moments of change, emphasizing the government's commitment to addressing them.

He further stated that the GST has increased certainty and transparency in tax administration and reduced business costs, making it easier for domestic and international investors to do business in India. Concluding his remarks, Prime Minister Modi stressed the critical role that GST has played in promoting the country's economic growth, urging everyone to work together to take full advantage of the landmark reform in the years to come.

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