GST reforms commendable, will have far-reaching benefits: Anand Sharma

In an exclusive interview with India Today TV, former Commerce Minister Anand Sharma provides his assessment of the next-generation GST reforms. He describes them as a "commendable step" that will simplify the tax structure by reducing slabs from four to two, offering significant relief to consumers across sectors including insurance, healthcare, and education. While welcoming the changes, Sharma concurs with the view that they were delayed, stating, "Even if it's late, better late than never." The discussion also covers India's economic challenges, including the need for timely GST refunds to states like Himachal. Furthermore, Sharma addresses the issue of US tariffs, advising that India must remain "steadfast and firm" against any "bullying tactics" while navigating its strategic partnerships with countries like the US and Russia.