Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
India proposes a simplified two-tier GST system to ease tax burden and simplify taxes.
Indian Finance Minister Nirmala Sitharaman has proposed a simplified two-tier Goods and Services Tax (GST) system with rates of 5% and 18%, plus a special 40% rate for luxury items.
The aim is to ease the tax burden on the middle class, farmers, and small businesses, while also simplifying the tax structure.
The proposal will be discussed by a group of ministers and, if approved, could be implemented by Diwali.
The reforms are part of Prime Minister Narendra Modi's plan for next-generation economic reforms.
73 Articles
La India propone un sistema simplificado de GST de dos niveles para aliviar la carga fiscal y simplificar los impuestos.