New Delhi, July 1 -- As the Goods and Services Tax (GST) completed eight years today, Prime Minister Narendra Modi on Tuesday said that the landmark reform has reshaped India's economic landscape by "greatly improving" the Ease of Doing Business, and fostering "true cooperative federalism" in the country.

The GST was introduced in India on July 1, 2017, during a historic midnight session of Parliament that convened on June 30. It replaced multiple indirect taxes with a single nationwide system, helping create a common national market and reducing the cost of doing business.

The Prime Minister emphasised that GST has significantly eased the compliance burden on businesses, especially for small and medium enterprises (SMEs), thereby impro...