USIBC Lauds India's GST Reforms, Calls It a Boost for Business

The US-India Business Council (USIBC) has extended its appreciation to Prime Minister Narendra Modi, the GST Council, and the Ministry of Finance for implementing the restructured Goods and Services Tax (GST), adding that the move will enhance the business environment and attract global investment.

- CORRESPONDENT

In a statement, USIBC praised the rationalisation of GST slabs and reduction in tax rates across key sectors, including food, healthcare, life-saving drugs, renewable energy, and electronics.

"We commend the government's efforts to boost consumption and improve the ease of doing business in India," the statement added.

The council said the reforms would significantly boost consumption, improve affordability for consumers, and benefit businesses.