The Indian Chamber of Commerce and Industry, Coimbatore, welcomed the recent announcement by Narendra Modi, Prime Minister of India, regarding GST reforms.
The proposed measures, including reduced tax rates, automatic GST registration, and a faster input credit refund process, are expected to benefit entrepreneurs, particularly small and medium enterprises and traders.
These reforms aim to enhance the ease of doing business, reduce compliance burdens, and boost economic growth. The Chamber appreciates the government’s efforts to simplify tax processes and promote a positive business environment.
“We extend our heartfelt gratitude to the Prime Minister for his visionary leadership and commitment to fostering a business-friendly environment in India.
We look forward to the implementation of these reforms before Diwali and believe they will have a positive impact on the Indian economy,” stated the Indian Chamber of Commerce and Industry, Coimbatore.
