GST Rates Set to Drop: Finance Minister Sitharaman Announces Further Cuts
2025-03-08
Press Trust of India
In a bid to boost market stability, Finance Minister Sitharaman has announced a further reduction in GST rates, marking a significant step towards the finalization of the rationalization process. This move is expected to have a positive impact on the economy, with the aim of stimulating growth and increasing consumer spending. With the GST council working towards a more streamlined tax system, the reduction in GST rates is likely to benefit various industries, including retail and manufacturing, leading to increased economic activity and job creation. Key terms: GST rates, market stability, economic growth
