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20h agoIndia rolls out simplified GST structure with dual rate slabs
India introduced a restructured Goods and Services Tax system featuring two primary slabs of 5% and 18%, replacing multiple earlier tiers. The reform, dubbed ‘GST 2.0,’ aims to simplify compliance, reduce cascading taxes, and lower retail inflation. Finance Ministry officials said the measure could stimulate consumption and boost manufacturing competitiveness during the festive quarter. Economists view the reform as a milestone toward achieving a unified tax framework while balancing revenue neutrality for states through advanced digital reconciliation mechanisms.
positive
20h agoIndia rolls out simplified GST structure with dual rate slabs
India introduced a restructured Goods and Services Tax system featuring two primary slabs of 5% and 18%, replacing multiple earlier tiers. The reform, dubbed ‘GST 2.0,’ aims to simplify compliance, reduce cascading taxes, and lower retail inflation. Finance Ministry officials said the measure could stimulate consumption and boost manufacturing competitiveness during the festive quarter. Economists view the reform as a milestone toward achieving a unified tax framework while balancing revenue neutrality for states through advanced digital reconciliation mechanisms.
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India rolls out simplified GST structure with dual rate slabs
about 20 hours ago
1 min read
78 words
India launched ‘GST 2.0’ with dual 5% and 18% rate slabs to simplify taxation, curb inflation, and drive consumption-led growth.
India introduced a restructured Goods and Services Tax system featuring two primary slabs of 5% and 18%, replacing multiple earlier tiers. The reform, dubbed ‘GST 2.0,’ aims to simplify compliance, reduce cascading taxes, and lower retail inflation. Finance Ministry officials said the measure could stimulate consumption and boost manufacturing competitiveness during the festive quarter. Economists view the reform as a milestone toward achieving a unified tax framework while balancing revenue neutrality for states through advanced digital reconciliation mechanisms.
India introduced a restructured Goods and Services Tax system featuring two primary slabs of 5% and 18%, replacing multiple earlier tiers. The reform, dubbed ‘GST 2.0,’ aims to simplify compliance, reduce cascading taxes, and lower retail inflation. Finance Ministry officials said the measure could stimulate consumption and boost manufacturing competitiveness during the festive quarter. Economists view the reform as a milestone toward achieving a unified tax framework while balancing revenue neutrality for states through advanced digital reconciliation mechanisms.
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economy
gst
economy
gst
india
tax reform
finance
Source:
Oct 23, 2025 • 08:24 IST