"India's economic development may undergo a significant transformation due to the GST reforms, according to Piyush Goyal in a Times Network exclusive"

In a significant development, the GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, is currently underway to discuss the GST reforms and their potential impact. The meeting is being covered live by ET Now, providing an opportunity for viewers to stay updated on the proceedings.

During a recent interview with ET Now Digital, Piyush Goyal, the Union Minister of Commerce and Industry, expressed concerns about the understanding of the Goods and Services Tax (GST) by certain individuals. In the interview, Goyal implied that Kharge Ji and Rahul Ji, whose identities were not specified, may lack a comprehensive understanding of the implications of the GST. The interview was published on September 4, 2025, and has since been updated.

One of the key topics of discussion at the GST Council meeting is the proposed new GST reforms, which aim to lower consumers' bills. Another significant announcement made at the meeting was the introduction of a new insurance scheme for rural India, named Bima Vistaar Yojana.

Meanwhile, outside the realm of the GST Council, Anil Ambani is facing fresh trouble related to RCom loans. This development is unrelated to the GST Council meeting and the GST reforms.

The Goods and Services Tax (GST) in India replaced multiple indirect tax authorities such as the Central Excise Duty, Service Tax, and State Value Added Tax (VAT) in 2016-17. The GST Council meeting is a crucial platform for discussing and implementing reforms to streamline the GST system and ensure its effectiveness.

The picture credit for this article is Shutterstock/ET NOW. For those interested in staying informed about the GST Council meeting and the GST reforms, tune into ET Now Live TV.