Next-Gen GST and India’s next phase of growth
The Indian government is implementing 'Next-Gen GST' reforms to simplify tax compliance and rationalize rates for businesses and households. These changes follow nine years of experience with the national tax framework and aim to support the country's economic growth goals.
Why it matters
Tax policy adjustments directly impact the ease of doing business and the cost of living for millions in India's growing economy.
India’s ambition to become a Viksit Bharat requires an economy in which enterprises of every size can grow, wherever they begin. Over the past 12 years, our government has worked to create those conditions. The introduction of the Goods and Services Tax (GST) in 2017 established a common national framework for indirect taxation. Next-Gen GST carries that effort forward, drawing on nine years of implementation and the experience of taxpayers and States.
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