GST rate rationalisation after item-wise analysis
The Indian government is evaluating potential changes to GST rates to address imbalances, including the inverted duty structure. Industry sectors seek rationalization, with challenges due to potential tax rate hikes for some items. An RBI analysis highlights the weighted average GST rate and demands for lower rates on insurance, telecom services, and cement as a construction material.
The Indian government is evaluating potential changes to GST rates to address imbalances, including the inverted duty structure. Industry sectors seek rationalization, with challenges due to potential tax rate hikes for some items. An RBI analysis highlights the weighted average GST rate and demands for lower rates on insurance, telecom services, and cement as a construction material. What's Your Reaction?
