New Delhi, Sept. 10 -- On this Independence Day at the ramparts of Red Fort, Prime Minister Narendra Modi announced the next generation of GST reforms by Diwali. The Prime Minister's vision of creating a more efficient and citizen-friendly economy was realised as the GST Council on 3rd September approved rates rationalisation with a focus on the common man. The Council has simplified the indirect tax system into a two-tier structure of 5% and 18% from a four-tier structure of 5%, 12%, 18% and 28%. These reforms have reduced tax rates in many sectors, easing the lives of citizens. Today, we look at the reforms undertaken for handicrafts. Our correspondent reports that the GST reforms have been carried out with a focus on the common man and...
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