New Delhi, Aug. 16 -- Industry body Confederation of Indian Industry (CII) has welcomed the upcoming reforms in Goods and Services Tax (GST) as announced by Prime Minister Narendra Modi from the Red Fort during his Independence Day address to the nation.

"On behalf of Indian industry, the Confederation of Indian Industry (CII) warmly welcomes the Hon'ble Prime Minister's visionary announcement today of next-generation Goods and Services Tax (GST) reforms. This landmark step reflects the Government's deep commitment to building a simpler, more transparent, and growth-oriented tax regime that will empower businesses and benefit consumers alike," said Chandrajit Banerjee, Director General, CII.

The announcement of a high-powered committee ...