"Biggest Reform of Independent India": PM Modi Applauds GST Rationalisation as a Game-Changer In a landmark decision poised to reshape India's economic landscape, the Goods and Services Tax (GST) Council, in its 56th meeting, has approved a sweeping rationalisation of the indirect tax regime. Prime Minister Narendra Modi hailed this overhaul as the "biggest reform of independent India," a move that promises to simplify the tax structure, reduce prices on a wide range of goods, and provide a significant boost to the country's economic growth. This momentous announcement comes as a fulfillment of a promise made by the Prime Minister in his Independence Day speech, calling it a "double blast of happiness" for citizens ahead of Diwali and Chhath Puja. This blog delves into the intricacies of this transformative reform, dissecting its mechanics, analyzing its potential impact on consumers and businesses, and placing it within the historical contex...