Celebrations commence with GST reform announcements, marking economic shift

This courageous move signals the emergence of a stronger economy, clearly indicating that India is firmlyset on a path of progress and growth

September 3, 2025, will be remembered as a historic day in India. The government has set a remarkable precedent by honouring its commitment to deliver a Diwali bonanza to the common man through the ann­ouncement of bold decisions by way of goods and services tax (GST) reforms.

 

After a full day deliberation attended by all members of the GST Council, significant GST reforms have been announced with an objective to move to a simplified two slab rate structure (5 per cent and 18 per cent), as was originally envisaged. The 80-page press release issued by the government is full of