Top Tweets for #CII4GSTReforms
The announcement of GST 2.0 carries the promise of a stronger, fairer and more competitive India, writes @CB_CII, Director General, CII. Read his insightful analysis on next-gen GST reforms! #CII4GSTreforms #GSTReforms @livemint
You should have listened to @RahulGandhi 9 years back, @PMOIndia @nsitharaman @FinMinIndia @FollowCII. People wouldn't have got poorer and you wouldn't have to change your stance because of elections.
#CII4GSTReforms
#GSReforms
#IndustryWelcomesGSTReforms
A simpler GST structure will reduce complexity, cut litigation, improve compliance & spur consumption — it’s a welcome move for both the industry and the economy.
@FollowCII @TheJSWGroup
@PMOIndia @nsitharaman @FinMinIndia
#CII4GSTReforms #GSTReforms #IndustryWelcomesGSTReforms
Rationalisation of GST rates is vital for building trust and ensuring simpler compliance.
@FollowCII commends the government for
making this a central pillar of GST 2.0.
@PMOIndia @nsitharaman @FinMinIndia
#CII4GSTReforms #GSTReforms
#IndustryWelcomesGSTReforms
Rationalisation of GST rates is vital for building trust and ensuring simpler compliance.
@FollowCII commends the government for making this a central pillar of GST 2.0.
@PMOIndia @nsitharaman @FinMinIndia
#CII4GSTReforms #GSTReforms #IndustryWelcomesGSTReforms
The GST reforms announced on Independence Day are more than tax changes—they signal a new era for competitiveness, growth, and job creation.
@FollowCII extends full support to this transformative vision.
@PMOIndia @nsitharaman @FinMinIndia
#CII4GSTReforms #GSTReforms #IndustryWelcomesGSTReforms
Chandrajit Banerjee, Director General, CII welcomes Next-Generation GST Reforms announced by the Hon’ble Prime Minister.
#CII4GSTReforms #GSTReforms #IndustryWelcomesGSTReforms
@narendramodi @PMOIndia @nsitharaman @nsitharamanoffc @FinMinIndia @CB_CII
The announcement of a high-powered committee to review and recommend comprehensive improvements in the GST framework is both timely and forward-looking. It acknowledges the need for a tax system that keeps pace with India’s fast-evolving economy, while ensuring predictability and stability for investors, businesses, and entrepreneurs.
“We particularly commend the Government for incorporating many of the suggestions consistently advocated by CII and industry, such as:
Moving towards a two-rate structure (in the overall context of converged rates, besides the one for Demerit Goods) to simplify the tax system and eliminate ambiguities.
Correcting inverted duty structures, which have hampered competitiveness in key manufacturing sectors.
Reducing compliance burden for MSMEs, thereby enabling greater participation of small enterprises in the formal economy.
Ensuring predictability and stability in tax rates, which will provide confidence to both domestic and global investors.
“These measures are expected to have a far-reaching positive impact on ease of doing business, reduce costs across value chains, and accelerate the process of formalization and digitization of the economy. Importantly, the emphasis on lowering tax rates for essential goods while rationalizing higher rates for luxury and sin products reflects a balanced approach of equity and efficiency, benefiting both consumers and the exchequer.”
Since its introduction, GST has been a transformative reform, unifying the national market, reducing cascading of taxes, and creating a technology-driven compliance system. With today’s announcements, India is poised to enter a GST 2.0 era—streamlined, globally benchmarked, and capable of supporting India’s ambition to become a $5 trillion economy in the near future.
CII commends the Government for its inclusive and consultative approach, wherein the voices of industry and other stakeholders have been given due weightage in shaping this reform roadmap. We stand ready to work closely with the Ministry of Finance, the GST Council, and other stakeholders to ensure the smooth implementation of these landmark reforms.
“CII firmly believes that these measures will further strengthen India’s economic foundations, enhance investor confidence, and position the country as one of the world’s most competitive and resilient economies.”
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