06/09/2025
🚀 A Historic Step Towards “Next-Generation GST Reforms”! 🇮🇳
The International Society for Small and Medium Enterprises (ISSME) extends its heartfelt gratitude to Hon’ble Prime Minister Shri Narendra Modi and Hon’ble Finance Minister Smt. Nirmala Sitharaman for the landmark GST reforms announced during the 56th GST Council Meeting (3rd Sept 2025).
We are proud that several of ISSME’s key recommendations from our Comprehensive GST Reform Proposal have been accepted and incorporated, including:
✅ Simplified GST slabs → Two-tier structure: 5% & 18% + 40% de-merit rate
✅ Lower GST on essentials & FMCG → Relief for millions of households
✅ Healthcare boost → 33 lifesaving drugs zero-rated, others down to 5%
✅ Agriculture support → GST on farm machinery cut to 5%
✅ Mobility affordability → Two-wheelers ≤350cc now at 18%
Why This Matters for MSMEs and India’s Growth
💡 Over 110 million MSMEs, contributing 33% to India’s GDP, will benefit from:
🔹 Simplified compliance & reduced operational costs
🔹 Lower input taxes → improved competitiveness
🔹 Boosted domestic demand → faster growth & innovation
🔹 Affordable mobility & equipment → strengthening logistics and exports
These reforms unlock liquidity, enhance productivity, and empower MSMEs — the backbone of India’s $5 trillion economy vision.
A Step Towards Becoming the World’s 3rd Largest Economy 🌏
At a time of global uncertainties, including U.S. tariffs and geopolitical disruptions, these reforms:
🌐 Strengthen India’s resilience
📈 Boost export competitiveness
🤝 Increase investor confidence
Under the visionary leadership of PM Modi, India is confidently advancing toward becoming the world’s 3rd largest economy and achieving Viksit Bharat @ 2047.
🔗 Join ISSME in celebrating this milestone for MSMEs and India’s growth story!
Together, we drive innovation, competitiveness, and prosperity. 🌟
“What do you think about these Next-Gen GST reforms? Share your views and join the discussion!”
