New Delhi, Sept. 4 -- Prime Minister Narendra Modi has welcomed the introduction of the new two-tier Goods and Services Tax (GST) structure, effective from September 22. PM Modi described the move as one that would benefit farmers, MSMEs, the middle class, women, and youth. In a post on social media platform X, he called it a step towards next-generation GST reforms.

"During my Independence Day Speech, I had spoken about our intention to bring the Next-Generation reforms in GST. The Union Government had prepared a detailed proposal for broad-based GST rate rationalisation and process reforms, aimed at ease of living for the common man and strengthening the economy," PM Modi said in a post on X.

PM Modi said the GST Council, which includ...