Business
Mukesh Ambani Gives Thumbs Up To The GST Reforms ; Daughter Isha Terms It As Transformative Step
Ambani, chairman and managing director of Reliance Industries Ltd, which owns the country’s biggest retailer, welcomed India’s second-generation reforms of the Goods and Services Tax (GST) rates.
Billionaire Mukesh Ambani has termed the second-generation GST reforms as a big booster to consumption-driven growth while his firm promised to pass on the benefit of the cut in tax rates to consumers.
Ambani, chairman and managing director of Reliance Industries Ltd, which owns the country’s biggest retailer, welcomed India’s second-generation reforms of the Goods and Services Tax (GST) rates.
His daughter and executive director at Reliance Retail Ventures Ltd, Isha said, “The new GST regime, as a transformative step, brings relief to household budgets and simplifies compliance for the industry, creating a unique win–win for both consumers and businesses.
Reliance Retail is committed to pass on the entire benefit of the new GST regime to customers from Day 1 across all its consumption baskets.”
GST reforms reflect the government’s clear intent to improve ease of doing business and promote consumer welfare, she said, adding that Reliance Retail is fully committed to ensuring that the entire benefit of this reform reaches our customers transparently and without any delay.
“Our pledge is simple: whenever costs go down, our customers must get the benefit in their wallets,” she added.