New Delhi, Oct. 18 -- Union Minister for Finance and Corporate Affairs Nirmala Sitharaman, Union Minister for Commerce and Industry Piyush Goyal, and Union Minister for Railways, Information and Broadcasting, Electronics and Information Technology Ashwini Vaishnaw convened a joint press conference regarding the GST Bachat Utsav in New Delhi today.

In her opening remarks, Nirmala Sitharaman stated that Prime Minister Narendra Modi had announced from the Red Fort that the implementation of Next-Generation Goods and Services Tax (GST) reforms would occur prior to the Diwali festival.

"Accordingly, rate reduction, simplifying the process, bringing down the number of slabs from four to two, and resolving classification-related issues have al...