GST Council meeting LIVE: Industry bodies hail two-rate slab and other reforms

GST reforms relaxation to families, facilitating suitable for businesses: India Inc

On Thursday, the Indian Inc greeting the GST Council’s “forward-looking decisions”-2 percent of September2 to two percent and 18 percent of two percent, simplified the repayment and MSME procedures and exempted individual life and health insurance from indirect tax regime.

Industrial bodies, clarity will facilitate compliance, reduce the case and enterprises and consumers will provide a very needable predictability, he said.

“This movement on GST reforms is an extraordinary milestone. Reforms and reforms relieve the families immediately and strengthen the growth basis”.

-Pti