GST overhaul: Rs 1.1 trillion worth revenue might be lost; UBS says fiscal cost manageable
The government’s GST rate rationalisation, expected before Diwali, aims to benefit consumers and MSMEs. A UBS report indicates a manageable revenue loss of 0.3% of GDP, potentially offset by cess collections and RBI dividends. Scrapping the 12% slab and shifting items between 5% and 18% rates are proposed, while luxury goods face a higher special rate.🕒 1 min read
The government’s GST rate rationalisation, expected before Diwali, aims to benefit consumers and MSMEs. A UBS report indicates a manageable revenue loss of 0.3% of GDP, potentially offset by cess collections and RBI dividends. Scrapping the 12% slab and shifting items between 5% and 18% rates are proposed, while luxury goods face a higher special rate.
Continue Reading
-
Asia Cup: Pakistan’s WhatsApp Message To Local Reporters Over Handshake Row Revealed
-
“Conceptual Clarity Is Crucial”: JEE Advanced 2026 Second-Rank Holder Kabeer Chhillar
-
India Great Says Virat Kohli Could Unleash These Shots In IPL 2026: ‘Don’t Be Surprised’
- Deal watch: TVS Motor sells Rapido stake for Rs 288 cr; marks full exit from 2022 partnership
-
“Not Fit To Fly, Go Stitch Shoes”: IndiGo Pilot Alleges Casteism At Work
- ‘BCCI not under RTI Act’: CIC warns superimposed govt control could disrupt economic structure
- Urban Company IPO opens: Retail portion of issue fully subscribed within an hour- Should you invest?
-
“Sold His Soul”: BJP’s Annamalai Slams Kamal Haasan’s Karur Stampede Remarks
-
After ‘I will try to score 200 next time’ remark, Suryavanshi now scores …
- Kraft Heinz split: Steve Cahillane named CEO for one division; appointment effective January 1, 2026