India, June 30 -- The Government of India has issued a release:
GST has marked a major shift in India's indirect tax system by replacing fragmented central and state taxes with an integrated framework. It has helped create a common national market and support the vision of One Nation, One Tax. Since its implementation in 2017, GST has evolved through continuous reforms, digital systems and stronger Centre-State coordination. The Next-Generation GST reforms of 2025 further simplified the structure through lower rates, exemptions and easier processes. These measures aim to benefit households, MSMEs, farmers, artisans, exporters and various trade sectors.
GST subsumed 17 different taxes and 13 cesses into a common framework. Earlier, India's...