GST reforms boosted Diwali sales, says Sitharaman
New Delhi, Oct. 25 -- India's economic policies, including the recent rationalisation in the Goods and Services Tax (GST) regime, are having a meaningful impact with an "euphoric increase" in business transactions, finance minister Nirmala Sitharaman said, citing the industry data that showed a 25% annualized jump in Diwali sales this year to a record Rs.6.05 lakh crore.
Speaking about next-generation GST reforms (GST 2.0) announced by Prime Minister Narendra Modi on August 15 and implemented from October 22, Sitharaman said officials in the field should maintain the momentum of reforms through ease of compliance and honourably treating taxpayers. She was speaking at the inauguration of the new Central GST (CGST) building in Ghaziabad on Fr...
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