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India 'Close' To Cutting GST, Rationalising Rates, Says FM

Hindustan Times Jaipur

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March 10, 2025

India is close to reducing its goods and services tax and work on rationalising rates is in its final stages, finance minister Nirmala Sitharaman said.

- Bloomberg

The revenue neutral rate fell to 11.4% in 2023 from 15.8% when GST was introduced in 2017, the minister told The Economic Times Awards for Corporate Excellence Saturday, adding that "it will come down even further."

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