Guwahati, Sept. 4 -- Prime Minister Narendra Modi on Wednesday welcomed the introduction of a simplified two-tier Goods and Services Tax (GST) structure, which will come into effect from September 22.

The Prime Minister said the move, approved by the GST Council, would benefit farmers, MSMEs, the middle class, women, and youth.

In a post on social media platform X, Modi described the decision as a step towards "next-generation GST reforms." He said the government had prepared a detailed proposal for rationalising GST rates and processes with the aim of improving ease of living and strengthening the economy.

Finance Minister Nirmala Sitharaman announced the new structure late on Wednesday evening, confirming that the existing 12% and 18...