The 56th GST Council Meeting began in New Delhi on 3 September 2025, chaired by Union Finance Minister Nirmala Sitharaman. The two-day meeting focuses on next-generation GST reforms, including rate rationalisation and compliance simplification.
Prime Minister Narendra Modi, in his Independence Day speech, emphasized the benefits of GST and announced that the new reforms would be unveiled on Diwali 2025, reducing taxes on essential goods and providing relief to farmers, the middle class, MSMEs, local vendors, and consumers.