Prime Minister Modi acclaims GST 2.0 as a significant overhaul, terms it a 'boost for economic expansion'

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In a significant development, the Goods and Services Tax (GST) 2.0 has been hailed as a landmark reform by Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman, and Mukesh Ambani, the chairman of Reliance Industries.

During a recent GST Council meeting in March 2023, the legislative amendments for GST 2.0 were approved, marking a significant step towards simplifying the tax structure in India.

Prime Minister Modi referred to GST 2.0 as a "double dose for growth," while Ambani labelled it as a "historic Diwali gift" to India. Sitharaman praised the reform as a "double dose for growth."

The GST 2.0 reform is expected to reduce inflation by up to 75 basis points in FY26, according to SBI Research. However, no specific information about a boost to ease of doing business was provided.

On a separate note, 17 stocks will turn ex-dividend on Monday, September 8. Additionally, no specific information about a stock market holiday for Eid-e-Milad was provided.

In other news, Navratna PSU has fixed a record date for 50% payment on each share, and an expert has revealed key levels for Nifty prediction for today, September 5.

An image of Prime Minister Modi is associated with this article. It is important to note that lenders are closed today, but the reason was not specified. The article was updated on September 4, 2025.

This development underscores the government's commitment to streamlining the tax structure and fostering a conducive environment for growth and investment in India.