Bhopal, Sept. 4 -- FICCI Madhya Pradesh has hailed the decisions of the 56th GST Council Meeting, which mark a transformative step in India's economic journey and pave the way for next-generation GST reforms.

According to an official release, the FICCI MP says that these reforms will strengthen the foundation of a Viksit Bharat while also creating new opportunities for states like Madhya Pradesh.

"The rationalisation of GST rates into a simplified two-tier structure (18% and 5%), with a special de-merit rate for select goods, is a consumer-focused and growth-oriented reform. It brings transparency, predictability, and stability to India's tax system and will directly benefit households, MSMEs, and labour-intensive industries across Madh...