GST Rates Set to Drop: Finance Minister Nirmala Sitharaman Hints at Further Cuts
2025-03-08
The Financial Express
In a move to boost the economy, Finance Minister Nirmala Sitharaman has indicated that GST rates will be reduced further. The next GST Council meeting will focus on key aspects such as rate reductions, slab restructuring, and overall rationalisation to simplify the tax system. With the aim of promoting economic growth, the government is expected to make significant changes to the GST framework, including possible reductions in tax slabs and rates. This move is likely to benefit businesses and consumers alike, making goods and services more affordable. The upcoming GST Council meeting will be closely watched by industry stakeholders and taxpayers, as they await the outcome of these discussions on GST rates and reforms.
