India, Sept. 4 -- Prime Minister Narendra Modi on Thursday hailed the GST 2.0 reforms as a 'double dose' for the country's economy, saying that the taxation has become even more simple and beneficial for every section in the country.

He said that the "next-generation" of changes will strengthen the economy and ease compliance for citizens. The prime minister's reaction comes a day after the GST Council approved two tax slabs - to 5 per cent and 18 per cent - for most of the goods, as against the previous four tax slabs. The new tax system would come into effect from September 22, the first day of Navaratri.

PM Modi said that the Centre, along with the states, had taken a "big and significant decision", making the Goods and Services Tax ...