New GST Rates Likely by Dussehra, Government Braces for Big Revenue Shortfall

GST Reforms: Will two-slab structure push real estate growth? Here's what experts say

The 6-member Group of Ministers (GoM) on Goods and Services Tax (GST) rate rationalisation has accepted the Centre's proposal to adopt a two-slab structure of 5 and 18 per cent. While the move aims to eliminate the 12 and 28 per cent slabs, with 99 per cent of items in the 12 per cent bracket being reclassified to 5 per cent and 90 per cent in the 28 per cent slab coming down to 18 per cent, experts believe that this simplification will benefit …

GST reform is pointless if it doesn’t simplify tax slabs. 40% rate is counterproductive

A lesser-known reality of the GST is that it has a total of eight tax slabs, excluding the exemptions. These start at 0.25 and go all the way up to 28 per cent.

New GST rates likely by Dussehra, government braces for big revenue shortfall

The proposed GST revamp aims to simplify the tax system by introducing a two-tier rate structure of 5% and 18%, along with a 40% levy on sin goods. While the move promises greater simplicity, it is expected to significantly impact revenues for both central and state governments.

GST Reforms: New rates may be implemented from September 22, What can change? - Business League

To simplify the tax system in the country, the government is preparing to implement a new GST tax slab (GST rate overhaul) from September 22. This date coincides with Navratri (September 22 to October 2), which is expected to provide relief to customers in festive shopping. The new slab may reduce taxes on essential commodities, which will benefit the general public. Experts believe that this will boost the economy and also benefit small busines…

GST Revamp: Kerala to Seek Centre’s Guarantee to Offset Likely Loss - The News21

Thiruvananthapuram: Cash-stressed Kerala has voiced deep concern over the implications of the Centre’s decision to restructure Goods and Services Tax (GST), demanding proper guarantees from the Union Government to offset the revenue loss likely to be suffered by the states from the exercise. In his Independence Day address, Prime Minister Narendra Modi announced the GST […]

Big Update: PM Modi Announces New GST Slabs to Reduce Financial Burden on Middleman

Big Update: PM Modi Announces New GST Slabs to Reduce Financial Burden on Middleman The government of India has recently announced new GST slabs aimed at reducing the financial burden on the middleman and also ensuring fair taxation. Prime Minister Narendra Modi recently, on August 15, 2025 emphasize about the next generation of reforms under […]