GST Council Approves Big Tax Reforms to Help Citizens and Small Businesses

byPaytm Editorial TeamSeptember 5, 2025
Income Tax Guide for Freelancers

Source: PIB Press Release

Prime Minister Narendra Modi has welcomed the decision of the GST Council to approve the Union Government’s proposals for GST rate cuts and reforms. He said these changes will benefit the common man, farmers, small businesses (MSMEs), the middle class, women, and youth.

The Prime Minister recalled that during his Independence Day speech, he had spoken about the plan to bring “Next-Generation GST reforms.” Following this, the Union Government prepared a detailed proposal for simplifying GST rates and processes, with the aim of making life easier for citizens and strengthening the economy.

Sharing the news on X (formerly Twitter), PM Modi wrote:

“During my Independence Day Speech, I had spoken about our intention to bring the Next-Generation reforms in GST.

The Union Government had prepared a detailed proposal for broad-based GST rate rationalisation and process reforms, aimed at ease of living for the common man and strengthening the economy.

Glad to state that @GST_Council, comprising the Union and the States, has collectively agreed to the proposals submitted by the Union Government on GST rate cuts & reforms, which will benefit the common man, farmers, MSMEs, middle-class, women and youth.

The wide ranging reforms will improve lives of our citizens and ensure ease of doing business for all, especially small traders and businesses.”

Key Points

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

FAQs

What has the GST Council approved?

The GST Council has approved the Union Government’s proposals for reducing GST rates and simplifying processes.

Who will benefit from these reforms?

The reforms will help the common man, farmers, middle-class families, women, youth, and small businesses (MSMEs).

Why are these reforms important?

They will make GST easier to understand and follow, reduce the tax burden, and improve the ease of doing business.

When were these reforms first mentioned?

Prime Minister Modi had announced the idea of “Next-Generation GST Reforms” during his Independence Day speech in August 2025.

How will small traders and businesses benefit?

With simpler tax rules and reduced rates, small traders and MSMEs will save time, money, and effort while running their businesses.
something

You May Also Like