Prime Minister Narendra Modi has announced that he has a Diwali gift for the people of this country in his address on the occasion of the 79th Independence Day. From the ramparts of the Red Fort, he indicated that the new generation of reforms to the Goods and Services Tax (GST) will be a gift for the country for Diwali.
“This Diwali, I am going to make it a double Diwali for you. The citizens will receive a big gift on this Diwali…We are bringing next-generation GST reforms. This will reduce the tax burden across the country. This will be a gift ahead of Diwali,” he said in his address to the nation.
#WATCH | Delhi: Prime Minister Narendra Modi says, "This Diwali, I am going to make it a double Diwali for you… Over the past eight years, we have undertaken a major reform in GST… We are bringing next-generation GST reforms. This will reduce the tax burden across the… pic.twitter.com/2hAPP0CFtH
— ANI (@ANI) August 15, 2025
PM Modi stated the government did considerable reforms eight years back, which he referred to the GST regime which merged many taxes and local levies. The government relieved the tax burden around the country and made the tax structure simplified.
GST was launched on July 1 and, after reaching eight years of the indirect tax regime, it was time to reflect on these changes, he stated. A high powered committee was established for a review and consultations were made with the states after which the government has formulated new GST reforms.
“This will substantially reduce the taxes on items for the common man. Our MSMEs will benefit hugely. Daily-use items will become cheaper, which will also strengthen our economy,” said PM Modi.
