Naresh Dhoundiyal’s Perspective on the New GST Regime: A Step Towards Economic Growth

Naresh Dhoundiyal, a respected businessman and philanthropist, has shared his thoughts on the possible changes that GST has come up with, reflecting his positive outlook on the future of the Indian economy.

Simplifying GST for Businesses

As the Chairman of Sri Sai Group of Companies, Dhoundiyal understands the importance of a streamlined and efficient tax system. He believes that simplifying GST could significantly ease the tax compliance process for businesses, especially for small and medium enterprises (SMEs). "A simplified GST structure would not only make it easier for businesses to comply but also help them focus more on growth and development," he says.

Dhoundiyal says that smoother, more transparent GST could really benefit everyone. It would remove the complexity and burden of taxation, thus simplifying the route for companies to plan and work accordingly.

Empowering the Economy 

Naresh Dhoundiyal views the GST discussions as an opportunity to drive economic growth. He believes that a well-designed GST system can strengthen various sectors by encouraging better compliance and creating a fairer business environment. According to him, a stable and predictable tax regime attracts investment, fosters innovation, and stimulates overall economic progress.
“GST is more than just a tax; it’s a part of the country’s growth engine,” he states. “A refined GST regime can lead to better market efficiency, bringing benefits to businesses and consumers alike.”

A Vision for a Better Future

As someone deeply committed to community development, Dhoundiyal sees potential in the ongoing discussions to make the GST system more inclusive. For him, any change that fosters business growth will have a ripple effect, creating more job opportunities and enhancing the standard of living for people across the country. “A strong economy is the backbone of a progressive nation,” he remarks. “If the government continues to make efforts to improve the GST framework, it will uplift not just businesses but also society at large.”

Though no final decisions of update have been made yet, Naresh Dhoundiyal remains hopeful. He supports ongoing dialogues about GST reform, viewing it as a constructive step that could bring long-term benefits to the economy. “It’s encouraging to see the government considering ways to make GST better. This willingness to listen and adapt is what will drive India’s progress,” he concludes.