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GST rate rationalisation: Is there a second wind coming?

Economic Times LogoEconomic Times3d ago

GST rate rationalisation: Is there a second wind coming? - Economic Times

Quick Summary:

The Indian government is contemplating Goods and Services Tax (GST) rate rationalisation, aiming to simplify the existing four-slab structure.

While discussions involve consolidating rates and potentially eliminating the 12% slab, challenges persist in balancing revenue collection and minimising the tax burden on essential goods.

Also, while an understanding remains that the GST rate should not be a reflection of prices i.e.no ultra higher slab for luxury items, handbags, watches etc., one of the balancers in play is to bring back a rate of 28% to less frequently used items like make-up, clothes above INR 10,000, high end computers, luxury watches etc.which do not play a significant day to day role in a middle-class household.

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Article Details

Author / Journalist: ET CONTRIBUTORS

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-19 @ 10:13:49 (3 days ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1790 words

Reading Time: 10 minutes read

Sentences: 57 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 28126265

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About Economic Times

Economic Times Logo

Main Topics: Business

Official Website: economictimes.indiatimes.com

Year Established: 1961

Headquarters: India

News Last Updated: 1 days ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #84

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