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gst rate rationalisation
About this tag
Discussions on GST rate rationalisation focus on India's 2025 tax reforms, which consolidated most GST rates into two primary slabs of 5% and 18% from September 2025. This change is part of a broader overhaul that also includes a new Income-tax Act 2025 and revised personal tax slabs. The rationalisation aims to simplify the tax structure for businesses and taxpayers, reducing the number of rate categories. Topics cover the impact on compliance, pricing, and economic activity, with emphasis on how the two-rate regime affects different sectors. The tag is relevant for those tracking Indian indirect tax policy and its implementation.
The Indian tax landscape is changing in ways that will matter to nearly every taxpayer and business that files in India: Parliament has enacted a new statutory framework called the Income‑tax Act, 2025, to replace the six‑decade‑old Income‑tax Act, 1961, and the government’s 2025 Budget reworked...