SRINAGAR, Sept. 5 -- Suheldev Bharatiya Samaj Party (SBSP) State President Jammu and Kashmir Vivek Bali has expressed heartfelt gratitude to Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for announcing the Next-Gen GST Reforms, calling them a "historic and transformative step" for the nation's economy.
On Wednesday, Finance Minister Nirmala Sitharaman unveiled major Goods and Services Tax (GST) reforms, introducing a simplified two-tier tax rate system of 5% and 18%, replacing the earlier complex structure. The reforms will take effect from September 22.
Welcoming the decision, Vivek Bali said, "Our SBSP party wholeheartedly welcomes these reforms as they will benefit traders, businessmen, entrepreneurs, and shopkee...