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India plans GST reforms to simplify taxes, aiming to lower prices and boost consumption.
The Indian government is planning significant GST reforms to simplify the tax structure and provide relief to consumers and businesses.
At a meeting starting September 3, the GST Council will discuss reducing the current four tax slabs to two—5% and 18%—with a 40% rate for sin goods.
This move aims to lower prices and boost consumption, particularly before Diwali.
States are concerned about potential revenue losses and are seeking compensation mechanisms.
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La India planea reformas de GST para simplificar los impuestos, con el objetivo de reducir los precios y aumentar el consumo.