Next-gen GST reforms to reduce household tax burden: PM Modi
PM Modi said "next generation" of GST reforms, introduced recently, would help MSMEs benefit from faster refunds and reduce household tax burden. Explaining with example, PM Modi said before 2014, a family spending ₹100 on essential items paid ₹31 as tax, which has come down to ₹18 under GST. It'd, now, cost ₹105, aiding both business growth and household savings.