A New Chapter for India’s Economy: 56th GST Council Meeting Unlocks Growth, Opportunity, and Festive Cheer for Diwali
In a landmark move poised to reshape India's economic landscape, the 56th Goods and Services Tax (GST) Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, has ushered in a new era of tax reforms. These significant changes, announced by Hon'ble Prime Minister Narendra Modi on August 15th and set to take effect from September 22nd, are a major step towards making GST a "good and simple tax," benefiting everyone from everyday citizens to startups and large corporations, bolstering India’s position as a global economic powerhouse, perfectly timed to deliver a Diwali Bonanza to the common man and the business community.The new GST regime is a beacon of hope for startups and MSMEs, providing the perfect impetus for the peak festive season. The simplified rate structure and oth...









