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GST relief may spur consumer spending
Mint Chennai
|August 18, 2025
Prime Minister Narendra Modi's Independence Day announcement of long-awaited Goods and Services Tax (GST) reforms has raised hopes of consumer goods becoming cheaper, giving relief to households and packaged goods makers.
There is a proposal to retain two major GST rates going ahead, eliminating the 12% and 28% slabs. Most of the products and services that currently attract a tax rate of 12% and 28% will be shifted to the 5% and 18% slabs, respectively. A few re
Dit verhaal komt uit de August 18, 2025-editie van Mint Chennai.
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