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GST 2.0 to boost consumption and provide cushioning against headwinds emanating from US tariffs: Industry
Millennium Post Kolkata
|Kolkata 05 September 2025
Timely implementation of reforms ahead of festive season will boost consumption, widen market access and accelerate our collective journey towards Viksit Bharat" — RAJNEESH KUMAR, Chief Corporate Affairs Officer, Flipkart Group
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NEW DELHI: The GST rate rationalisation is set to kick off a cycle of growth for India's economy, driven by a major consumption boost, and provide much-needed cushion against the headwinds emanating from "lopsided" tariff regimes being pushed by the US, industry leaders said on Thursday.
The GST Council on Wednesday cleared sweeping changes to the indirect tax regime, approving an overhaul of rates by limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
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