Bengaluru, Aug. 28 -- Former Karnataka Chief Minister and Lok Sabha MP Basavaraj Bommai today praised union Finance Minister Nirmala Sitharaman for spearheading the next-generation Goods and Services Tax (GST) reforms, calling them a "major milestone" in India's economic development and a catalyst for broad-based growth.
In a letter to the Finance Minister, Bommai highlighted that the ongoing GST reforms, particularly the rationalisation and simplification of tax slabs, are expected to significantly enhance compliance, expand the tax base, and attract more businesses into the formal economy.
Bommai said that these reforms will strengthen tax buoyancy and contribute to higher GDP growth, potentially enabling India to achieve double-digit e...