New Delhi, Aug. 17 -- Prime Minister Narendar Modi, in his Independence Day speech, announced that the Group of Ministers (GoM) on Rate Rationalisation - including ministers from Kerala, Uttar Pradesh, Rajasthan, West Bengal, Bihar, and Karnataka - is scheduled to meet next week to deliberate on the proposed GST reforms.

On Friday, Prime Minister Modi emphasized the significance of GST reforms, stating that they would benefit the common man, farmers, the middle class, and MSMEs. The Finance Ministry also expressed confidence that the GST Council would approve the proposal.

As part of its goal to create an 'Atmanirbhar Bharat', the Centre is advancing GST reforms focused on three key pillars: structural reforms, rationalisation of rates,...