The Indian government’s GST 2.0 came into force from Monday, marking a major change in the tax rates across good and services.
Tag: GST slabs
India announces major GST rate cuts across sectors; new slabs effective from Sept 22
The government on Tuesday announced sweeping cuts in Goods and Services Tax (GST) rates, reducing levies on renewable energy equipment, textiles, household essentials and certain consumer goods, in a bid to boost demand and simplify the indirect tax structure. The long-anticipated rationalisation—seen as a relief for the middle class—abolishes the 12% and 28% categories, leaving […]
