Expansion4 Sept 2025, 08:42 pm
Reliance Industries Ltd Welcomes India’s Second-Generation GST Reforms; Calls Them a ‘Big Booster to Consumption-driven Growth’
AI Summary
Reliance Industries Limited and Reliance Retail, India’s largest retailer, have welcomed the Government of India’s second-generation reforms of the Goods and Service Tax (GST) rates. The new GST regime is expected to benefit consumers with lower prices, simplify compliance, and drive consumption growth across the retail sector. Reliance Retail is committed to passing on the entire benefit of the new GST regime to customers from Day 1 across all its consumption baskets.
Key Highlights
- Reliance Industries Ltd and Reliance Retail welcome India’s second-generation GST reforms
- New GST regime expected to benefit consumers with lower prices and simplified compliance
- Reliance Retail committed to passing on the entire benefit of the new GST regime to customers from Day 1
- GST reforms seen as a transformative step to improve ease of doing business and promote consumer welfare
- Reliance Retail committed to ensuring transparent and timely benefit of the GST reform to customers